A-Cap Energy Limited (ASX:ACB) has been included in the Index Composition for the Global X Uranium ETF (NYSE:URA), one of world’s most well-known and largest uranium Exchange Traded Funds (ETFs).
Global X Uranium ETF will add the company to its portfolio by February 7, 2021. The ETF, which has net assets of around US$1.18 billion, provides investors with exposure companies engaged in uranium mining and the production of nuclear components.
A-Cap Deputy Chairman, Mr Paul Ingram, said the company’s inclusion in the Global X Uranium ETF was a vote of confidence in the company’s flagship Letlhakane Uranium Project in Botswana which hosts one of the world’s largest undeveloped uranium resources – 365.7 million pounds of contained U3O8 (100ppm U3O8 cut-off) .
Amid rising global recognition of nuclear energy as a means to facilitate the world’s decarbonisation, we’re pleased to see A-Cap securing recognition for Letlhakane’s value and potential,” Mr Ingram said.
“Investor sentiment is growing strongly, as demonstrated by rising uranium prices and the influx of funds into uranium ETFs over the last few months.
“Supportive market momentum has bought forward planning for drilling and metallurgical testwork at Letlhakane that is geared to enhance the project’s value while reducing capex and opex,” he said.
