Alligator Energy Limited (ASX: AGE) has announced that it is set to be included in the index composition that forms the Global X Uranium ETF (NYSE:URA). The index is described by the company as “one of the most important uranium and nuclear industry indexes globally”, with Alligator set to be added during an index rebalancing on 2 August 2021
Global X Uranium ETF
With net assets of ~US$645 million (as at July 22, 2021), the Global X Uranium ETF is the largest exchange traded fund in the uranium market.
The Global X Uranium ETF provides investors with exposure to a wide range of companies involved in uranium mining and nuclear component production, including those involved in extraction, processing, exploration, or the manufacturing of uranium and nuclear equipment.
The objective of the fund is to produce investment outcomes that are broadly comparable to the Solactive Global Uranium & Nuclear Components Total Return Index’s price and yield performance, before fees and expenses.
“The inclusion of Alligator Energy on the SOLURANT Index, which underlies the Global X Uranium ETF, is a significant and valuable recognition of the recent growth strategy and value of Alligator”
Management comments
Alligator Energy CEO Greg Hall said: “The inclusion of Alligator Energy on the SOLURANT Index, which underlies the Global X Uranium ETF, is a significant and valuable recognition of the recent growth strategy and value of Alligator. We will focus on building value in our existing projects, while continuing evaluation of further targeted external uranium resource opportunities. The positive market sentiment in the uranium market and nuclear businesses is being underpinned by increasingly positive policy and clean energy drivers globally, as well as changing supply / demand dynamics.”
