Physical Uranium Fund Backed By Global Primary Uranium Production Company
Kazatomprom National Atomic Company has announced it will be participating in a physical uranium fund, ANU Energy OEIC Limited. The company’s initial USD $50 million of purchases are financed by founders and plans for additional investments up to $500 million dollars over two stages at Astana International Financial Centre (AIFC).
An email reply from the fund on August 4, 2022 indicates interested investors must currently contact the fund directly and be qualified in order to participate in investment activities due to requirements from the Astana International Financial Centre (AIFC). Contact information can be found below.
No stock symbol is currently available for general market participants. Stay tuned in case this changes!
ANU Energy has posted their criteria for professional clients via a closed subscription:
- Individuals and legal entities
- Residents and non-residents of the Republic of Kazakhstan
- Minimum investment of $250,000 USD
- Portfolio currency: US dollars
- Recommended investment period: from 5 years
National Investment Corporation of the National Bank of Kazakhstan, Kazatomprom and Genchi Global Are Initial Investors
The initial USD $50 million for this physical uranium fund was provided by Kazatomprom National Atomic Company at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and UAE-based investment company Genchi Global Limited at 3%. Genchi will be the fund manager.
Once the fund is up and operating, an additional public or private offering is planned to raise capital of up to USD $500 million from institutional and/or private investors, with the proceeds to be used for additional physical uranium purchases.
The timing and details of this second development stage will be determined by market conditions, Kazatomprom said. This second stage will allow emerging market investors to participate in investments for the uranium industry which will allow the fund to make additional uranium purchases.
On May 13, 2022 a private placement was completed for the first round of funding for ANU Energy. The total value of the initial investment exceeded $74 million which is more than $24 million greater than initially planned.
Kazatomprom is one of the cornerstone investors for this new fund and has a key supplier relationship with ANU Energy.
Kazatomprom’s first delivery to this new fund occured on May 12, 2022 in the form of uranium oxide delivered to Cameco Corporation’s Port Hope / Blind River facility in Canada.
Additional uranium purchases are anticipated as the fund grows. As a reminder that these are purchases to hold physical uranium away from uranium market consumers with the intent to drive prices higher for contracting in the uranium market.
The ultimate consumer for this metal is the global base of nuclear power plants.
Private company ANU Energy Ltd. was converted into an Investment Company and changed its name to ANU Energy OEIC Ltd. on 07 October 2021.
Contact ANU Energy
ANU Energy OEIC Ltd.
55/23, Mangilik Yel Ave, Floor # 2, Office # 239-242
ANU Energy Leadership
Rustam Duspayev – Chief Executive Officer – email: [email protected]
Nurlan Kussainov – Independent Director
Agraga Ltd. – Independent Director
Ali Koya Changlannalagath – Director
ANU Energy Stock Performance & Market Cap
Stock Symbols – TBD
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