Executive Summary
The Company is a limited liability closed-ended Guernsey-incorporated and domiciled investment company. The Company provides investors with investment exposure to the price of uranium and is listed on AIM under the code NU.L and NU/ LN.
Nufcor Uranium's strategy is to hold uranium for the long term and not to actively speculate with regard to short-term changes in the price of uranium. The objective is capital appreciation, which it aims to achieve through a policy of acquiring Uranium and a strategy of holding such Uranium for the long term and not actively speculating or trading with regard to short-term changes in the price of Uranium. The Company’s holdings of Uranium are not cash generating and it is intended that the Company’s operating expenses will, at least in part, be met by cash generated from the lending to third parties of some of the Company’s Uranium and from interest earned on its existing cash resources. Nufcor Uranium is advised by Nufcor Capital Limited.
Company History
- The Nufcor Group has a long history in the uranium industry.In 1951, a South African company, Calcined Products (Pty) Ltd (“CalProd”), was formed by the governments of South Africa, the United States and the United Kingdom with the objective of processing uranium as a by-product of gold mining operations.
- Nufcor SA was formed in 1967 and acquired the assets of CalProd relating to the processing and marketing of uranium in the commercial nuclear electricity generation market.
- In 1998, Nufcor SA’s shareholding was restructured and its entire issued share capital was acquired by AngloGold Limited.
- In 1999, Nufcor International was established in London as a joint venture between FirstRand International Limited and AngloGold Limited.At this time, Nufcor International assumed marketing responsibility on behalf of Nufcor SA and began to undertake nuclear fuel cycle product trading.
Current Events
Business Model
Nufcor Uranium's strategy is to hold uranium for the long term and not to actively speculate with regard to short-term changes in the price of uranium. The objective is capital appreciation, which it aims to achieve through a policy of acquiring Uranium and a strategy of holding such Uranium for the long term and not actively speculating or trading with regard to short-term changes in the price of Uranium. The Company’s holdings of Uranium are not cash generating and it is intended that the Company’s operating expenses will,…
