Hot Demand For Wyoming Uranium Has Hedge Funds, Other Investors Sniffing Around

Ur-Energy’s in-situ mining field for uranium with water rigs set up in the background. (Pat Maio, Cowboy State Daily) Hedge funds and a major exchange-traded fund with a passive position in some publicly traded stocks in Wyoming’s uranium industry are sniffing around for investment opportunities in the critical ore needed as fuel for the nascent nuclear industry.

The names are probably not familiar to most Wyomingites, but their investment strategy is to pool money from private investors and earn above-average investment returns by finding under-the-radar possibilities.

There are others, but the biggest investors kicking the tires on Wyoming’s uranium stocks include New York City-based Segra Capital Management LLC; Cayman Islands-based Fourth Sail Capital; Canada-based MMCAP International Inc.; and New York City-based Global X Management Co LLC, an exchange-traded fund that’s owned by Seoul, South Korea-based Mirae Asset Financial Group.

All the funds are targeting publicly traded stocks in central Wyoming’s Red Desert […]

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