Reported 11 months ago
A successful hedge fund, L1 Capital, achieving a 20% annual return since inception, is focusing on potential mergers and acquisitions in the uranium industry, particularly with NexGen Energy Ltd. Despite recent market fluctuations, the fund remains optimistic about the strategic value of investing in uranium assets, foreseeing increased interest in nuclear power due to the global shift towards carbon-free energy sources. The fund's bullish stance on uranium is supported by the growing demand and limited supply outlook, amid a resurgence of interest in nuclear power worldwide.
Source: YAHOO