Update from QuotedData

Geiger Counter

05/09/2024 12:27

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RNS Number : 1060D  Geiger Counter Ltd  05 September 2024

Geiger Counter Limited - Update from QuotedData

5(th) September 2024

Dawn of a new era for uranium

The supply-demand dynamics that exist in the uranium sector, in which Geiger
Counter (GCL) invests, are as strong today as they have ever been. Having been
made a keystone of global efforts to decarbonise the global electricity
supply, nuclear energy is now benefitting from favourable government policy
and vast investment.

To meet an international agreement to triple nuclear capacity by 2050, which
was reached at COP28, trillions in investment is needed in infrastructure
spend, while demand for uranium to meet the growth in capacity is set to soar.

Supply-side constraints, including a downgrade in production guidance from the
world's largest uranium producer and a pact by many established western
nuclear markets to wean themselves off dependence on Russian enrichment (the
process that is necessary to create an effective nuclear fuel out of mined
uranium), means that further appreciation in the uranium spot price should
follow. Sitting on a 13.5% discount to net asset value
(https://quoteddata.com/glossary/net-asset-value-per-share-nav-per-share/)
 (NAV), GCL's current share price offers an attractive entry point.

Full Research:

https://quoteddata.com/research/montanaro-european-smaller-companies-qd/
(https://quoteddata.com/research/montanaro-european-smaller-companies-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
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NB: Marten & Co was paid to produce this note on Geiger Counter Limited,
and it is for information purposes only. It is not intended to encourage the
reader to deal in the security or securities mentioned in this report. Please
read the important information at the back of this note. QuotedData is a
trading name of Marten & Co Limited which is authorised and regulated by
the Financial Conduct Authority. Marten & Co is not permitted to provide
investment advice to individual investors categorised as Retail Clients under
the rules of the Financial Conduct Authority.

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