Bullboard - Stock Discussion Forum Ur-Energy Inc T.URE

Alternate Symbol(s): URG

Energy

Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10... see more

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Ur-Energy Inc > Uranium Trading Corporation Makes Initial Uranium Purchase

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Post by VTR1000 on Jun 29, 2021 10:16pm

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.

https://www.prnewswire.com/news-releases/uranium-trading-corporation-makes-initial-uranium-purchase-301322469.html

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