ANU Energy OEIC Limited Fund

Kazatomprom 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).

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Physical Uranium
Physical Uranium

The initial USD $50 million will be funded by Kazatomprom 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.

While considering this individual company, also take a look at these other uranium stocks to include in your portfolio.