Nufcor International is one of the world’s most active traders of commercial nuclear fuel. We participate in the trading of all major components of commercial nuclear fuel including uranium concentrates (“U3O8”), conversion services, natural UF6, enrichment services and enriched UF6. Trading is undertaken in both the Spot and Long-Term supply markets.

There is no current regulated commodity market underwritten by a market maker for the various components of commercial nuclear fuel, and the market relies upon multiple published price opinions based on historical data and market sentiment. Contracts are non-standard and there is no common definition of ‘Spot’ market. Finally, markets for the various products are illiquid and insular, with limited investor interest.

Through its shareholder AngloGold Ashanti, Nufcor International has access to extensive reserves of U3O8 from the Republic of South Africa. South Africa has uranium reserves in excess of 400,000 metric tonnes of U3O8 in the internationally recognized RAR and IR categories, as published in the Uranium 2005: Resources, Production and Demand by the OECD NEA and IAEA. This represents more than five years total world uranium demand.

Our balance sheet, coupled with access to funding from our shareholders, allows Nufcor International to provide a range of flexible delivery and financing terms to its customers. We have developed the first Master Trading Agreement to be used in the nuclear fuels market, thus streamlining the transacting process.