Uranium Trading Corporation Makes Initial Uranium Purchase EL SEGUNDO, Calif., June 29, 2021 /PRNewswire/ -- Uranium Trading Corporation (UTC) is pleased to announce the facilitation of the purchase of uranium for a large multifamily office. The initial purchase amount is for 50 tons (100,000 pounds) of U3O8.
"We are excited to have the opportunity to open up a market that has historically been isolated from the financial investment community," said CEO David Berklite. "This purchase comes at a time when supply is being shut in globally and demand from reactor new builds continues its accelerated growth trajectory. As an asset class, uranium as a commodity represents what we believe to be a compelling opportunity with almost no correlation to any other asset class." said CEO David Berklite.
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