Alligator Energy (ASX:AGE) snapped up by key uranium index

• Alligator Energy (AGE) will be included in the Global X Uranium ETF, one of the largest uranium and nuclear exchange-traded funds in the world
• The ETF is considered the largest in the uranium sector and touts net assets of approximately US$645 million (A$876 million)
• Alligator is set to join the fund in early August during a rebalance of the ordinary index
• Alligator Chief Executive Officer Greg Hall says the inclusion represents a valuable recognition of AGE’s growth strategy and value
• Alligator Energy shares are up 14.3 per cent to trade at 4 cents

Alligator Energy (AGE) will be included in the Global X Uranium ETF, one of the largest uranium and nuclear exchange-traded funds in the world.

The Global X Uranium ETF contains companies involved in uranium mining and the production of nuclear components. It tracks the Solactive Global Uranium and Nuclear Components Total Return Index (SOLURANT Index).

The ETF is widely considered the largest in the uranium sector and touts net assets of approximately US$645 million (A$876 million) as at July 22 2021.

Alligator Energy is set to be added in an ordinary index rebalancing that will be implemented on August 2 2021.

Alligator’s CEO, Greg Hall, said the inclusion represented a valuable recognition of AGE’s growth strategy and value.

“We will focus on building value in our existing projects, while continuing evaluation of further targeted external uranium resource opportunities,” he said.

“The positive market sentiment in the uranium market and nuclear businesses is being underpinned by increasingly positive policy and clean energy drivers globally, as well as changing supply/demand dynamics.”

Alligator Energy shares were up 14.3 per cent to trade at 4 cents at 1:37 pm AEST.