Business and Finance
BALTIMORE (Map) -
Nufcor is a leading uranium market participant active across the nuclear fuel chain. Its producer services business has entered into a number of off-take arrangements and marketing service agreements with uranium producers.
Capitalizing on its strong presence in the physical uranium market, Nufcor
will be actively exploring new risk management offerings to the increasingly
sophisticated financial uranium buyers in
"The acquisition of Nufcor is a natural extension of Constellation Energy's expanding global commodities business and will broaden the company's world-class risk management capabilities across new fuel markets," said
Nufcor, through its subsidiary, Nufcor Capital Limited, will continue to act as the uranium market advisor to Nufcor Uranium Limited (LSE: NU.L). The closed-ended uranium investment company listed on the LSE is exploring a secondary listing on the Toronto Stock Exchange later this year.
The Nufcor team will continue to operate out of
Constellation Energy (http://www.constellation.com), a FORTUNE 125 company
with 2007 revenues of
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