Anson Resources Limited (ASX: ASN, ASNOC) (Anson or the Company) is pleased to advise that it has been added to the Global X Uranium ETF as a non-pure-play uranium stock. ETFs are a basket of investment assets with similar economic characteristics. With total assets under management of USD1.716 billion the Global X Uranium ETF is the largest Exchange Trade Fund in the uranium sector.
Highlights:
- Anson included in the Global X Uranium ETF (NYSE:URA), the largest Exchange Trade Fund (ETF) in the uranium and nuclear industry with net assets of approximately USD1.716 billion as of 25 January 2023.
- The inclusion in the Global X Uranium ETF followed Anson being added to the Solactive Global Uranium and Nuclear Components Total Return Index (SOLURANT Index) tracked by the ETF.
- Solactive has announced that Anson will be included in an ordinary Index rebalancing that will be effective 1 February 2023.
Global X Uranium ETF provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in uranium exploration, mining, extraction, refining or manufacturing of equipment for the uranium and nuclear industries.
Anson is developing the Yellow Cat Uranium Project near Thompson Springs, Utah. It has conducted several exploration programs which consist of geological mapping, locating historical drill holes and adits as well as XRF sampling and later rock sampling and assaying.
It should be noted that Anson remains focused on the development of the Paradox Lithium Project, Utah.
Anson’s Yellow Cat Project is located 30 km north of Moab, in the Thompson District, Grand County Utah. There are two separate areas: the Yellow Cat claims and the Yellow Cat West claims, see ASX announcement 29 October 2021.
The Yellow Cat Project is considered prospective for the development of both uranium and vanadium due to the high historic grade mineralisation present on the claims. The project is located in a region that is increasingly sought-after by companies exploring for uranium, supported by the recent increase in uranium prices.
Surface outcrops and ore pad grab samples have previously been submitted for laboratory analysis.
High grade assay values of up to 87,600ppm uranium (U) (10.33% U3O8) and 143,500ppm vanadium (V) (25.61% V2O5) were reported. A summary of the results of the elemental values and the more common metal oxides can be found in Anson’s ASX announcement 29 October 2021.
Anson is sourcing quotes from contractors to carry out the surveys required for Yellow Cat Project to obtain approvals for exploration drilling programs. The aim of the exploration programs is to confirm existing results and to extend the known mineralisation along strike and down dip, see Figure 1.
Click here for the full ASX Release
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