No 1 source of global mining news and opinion
A top performing hedge fund is betting the pullback in uranium producer NexGen Energy Ltd. will be short lived, as the industry’s growing appeal leaves the startup well placed for a potential takeover.
“It’s such a strategic asset that once they get their final approvals, it’s a very high likelihood that it would be a good takeover candidate for one of the majors,” said Naik in an interview in Melbourne.L1 Capital was founded by Raphael Lamm and Mark Landau in 2007, beginning with long-only stocks before launching the Long Short fund in 2014, that’s now about A$4.6 billion. More recently, the firm’s drawn plaudits for its Catalyst Fund that’s seen success with an activist strategy.
As climate change intensifies and governments across the world are drawn anew to the steady carbon-free power generated by nuclear plants, interest in uranium deposits has picked up. China is rapidly deploying atomic power, Japan is looking to boost its economy by giving nuclear another chance and across the US and allied countries, owners of left-for-dead uranium mines are restarting operations.
The supply-demand outlook for uranium is positive given years of very little investment in production after the Fukushima accident, according to Naik.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man convicted of wife's 1987 murder shares first days with family outside of prison“20/20” looks at Leo Schofield, paroled 37 years after his first wife’s death.
Read more »
Aptos user transactions hit record high, APT eyes over 20% gainsAptos (APT) user transactions in a single day reached 97.488 million, according to data from Aptoscan.
Read more »
Jamie Oliver’s lemony arugula pasta is a refreshing 20-minute mealFrom Jamie Oliver’s “5 Ingredients Mediterranean,” this recipe creates a dish that’s both hearty and refreshing, with a handful of ingredients.
Read more »
The 20 Most Famous Historical Fiction Books Worth ReadingDigital destination for sophisticated men & women. Live your best life with expert tips and news on health, food, sex, relationships, fashion and lifestyle.
Read more »
Avengers Secret Wars: 20 MCU Multiverse Heroes Unite In Epic Art20 MCU Multiverse Heroes Unite Against Doctor Doom In Epic Avengers Secret Wars Art
Read more »
Friend.tech price drops over 20% after co-founder Racer hints at leaving BaseBase's head acknowledged that the Friend.tech team had felt 'isolated' following posts from the social platform's co-founder on Sunday.
Read more »