![]() Kazatomprom benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. Kazatomprom is the world's largest producer of uranium, with the Company's attributable production representing approximately 23% of global primary uranium production in 2020. Torgyn Mukayeva, Chief Expert of GR & PR Department ANU Energy, being established through the AIFC in Kazakhstan, will be the first uranium fund providing potential direct access for emerging market investors of various categories, particularly those focused on ESG and clean energy, as well as commodity funds, sovereign wealth funds and state-owned enterprises.ĪNU Energy will be an independent entity governed by a qualified board of directors to ensure the volumes held by the Fund are managed responsibly.įor further information, please contact: Kazatomprom Investor Relations InquiriesĮmail: Kazatomprom Public Relations and Media Inquiries However, despite growing interest from a number of international- and regional-focused investors over the past several years, opportunities to gain exposure to the commodity have been limited to two uranium funds - one trading publicly on the Toronto Stock Exchange in Canada and a second listed on the AIM Exchange (part of the London Stock Exchange) in London. The accelerated global transition towards clean energy, including nuclear power with its inherent climate and low-carbon benefits, provides a strong investment thesis for the uranium industry. "The establishment of ANU Energy is a project that has been in development for almost four years as part of Kazatomprom's broader value-focused strategy, and the Fund will be operating in an environment of tightening supply, driving positive benefits for its stakeholders." "The Fund will leverage the combination of Kazatomprom's expertise in the uranium market and NIC's proven track record, with the AIFC offering investors direct exposure to the attractive opportunity presented by the long-term fundamentals of the uranium market and nuclear industry," said Mazhit Sharipov, Chief Executive Officer of Kazatomprom. At the second stage, the Fund is expected to raise capital of up to US$500 million from institutional and/or private investors, with the proceeds to be used for additional uranium purchases. ![]() Once the Fund is operating, a second stage of development is expected to be carried out through an additional public or private offering, with the timing and details to be determined by market conditions. ![]() ![]() The Fund will hold physical uranium as a long-term investment with its initial purchases financed through the founders' round investment totaling US$50 million, sourced from Kazatomprom at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and Genchi Global Limited (the Fund Manager) at 3%. ![]() ("ANU Energy" or "the Fund"), established on the Astana International Financial Centre (AIFC). JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") is pleased to announce that its Board of Directors has passed a resolution to participate in a physical uranium fund, ANU Energy OEIC Ltd. Currency: KZT (₸), unless otherwise notedġ8 October 2021, Nur-Sultan, Kazakhstan Kazatomprom Announces Investment in Physical Uranium Fund ![]()
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