Commodities: Uranium
Silex Systems Limited is an Australia-based research and development company. The Company is focused on the commercialization of its Separation of Isotopes by Laser EXcitation (SILEX) laser enrichment technology for uranium production and enrichment (nuclear power), silicon enrichment (silicon quantum computing) and other potential markets, which includes medical radioisotopes. Its segments include Silex Systems, Translucent and Silex USA. The development and commercialization program for the SILEX uranium enrichment technology is being undertaken jointly by the Company and by Global Laser Enrichment LLC (GLE). The SILEX Zero-Spin Silicon (ZS-Si) project is being undertaken with project partners, Silicon Quantum Computing Pty Ltd (SQC) and UNSW Sydney (UNSW) at its Lucas Heights facility. In addition, it has an interest in a semiconductor technology known as cREO through its 100% subsidiary, Translucent Inc.
PDN -6.67%: Out with their quarterly activity report this morning however more importantly for the sector was news overnight from Sprott Asset Management that the SEC has rejected its US listing application for the Sprott Physical Uranium Trust (TSX: U.UN). This follows the news earlier in the week the company had closed its acquisition of the Sprott Uranium Miners ETF (NYSE: URNM), which was previously known as the North Shore Global Uranium…
Uranium prices have been rallying with spot trading ~$US63.50, the highest level since before the devasting events in Fukushima in March 2011. As countries around the world look to address their carbon footprint, nuclear energy is gaining traction as a viable part of the equation. The Sprott Physical Uranium Trust held in the MM Macro ETF Portfolio has also been a dominant factor in the equation. This vehicle buys and holds…
Thirdly we thought we should remind subscribers that we have already gained exposure to physical uranium market through the Sprott Physical Uranium Trust (U-U CN) in our Global Macro ETF Portfolio. This is a Canadian traded trust which basically follows the spot (current) price of uranium, again after its 30% pullback we like the risk / reward considering the outlook for uranium.
Markets are driven by good old fashioned supply and demand and no more so than in the land of commodities, whether it be copper, crude oil or wheat, if demand by end users exceeds supply prices go up, it’s a simple concept. Uranium markets are currently experiencing lack of supply and appear to be headed towards meaningful material deficits in the late…
In line with our positive comments in the Emerging Companies section MM is looking to switch our 5% holding in the ACDC ETF (ACDC) into the Sprott Physical Trust (U-U CN), a move we have flagged a few times but have been patiently watching over the last few weeks.
