Alligator Energy Ltd (ASX:AGE) has confirmed its inclusion to the Solactive Global Uranium and Nuclear Components Total Return (SOLURANT) Index.
Entry to the index comes after a ‘price mismatch’ error in July last year due to incorrect uses of the USD and AUD exchange rates in regards to Alligator’s issued capital.
The Global X Uranium exchange traded fund is the largest ETF in the uranium sector, pulling in net assets of approximately US$1.16 billion as of February 1 this year. IT is also one of the most important uranium and nuclear industry indexes globally.
Following the news yesterday on Alligator’s plans to raise an extra A$8.2 million for its operations at Samphire, AGE is in a strong position to progress its current projects.
Read: Alligator Energy raises extra $8.2 million as it looks to ramp up operations at Samphire
Alligator CEO Greg Hall says the inclusion to the SOLURANT Index brings a significant fund to the register.
“It is most pleasing to now be able to confirm inclusion in the SOLURANT Index, which underlies the Global X Uranium ETF – a fund which has net assets of US$1.15 billion.
“We anticipate this will increase liquidity of the stock and introduce the company to new investors in global markets.”
- Written by Duncan Bailey