Capital raising, page-4

It is also interesting to note that China is looking to better integrate itself into the global uranium industry through partnerships with the leading global players, rather than continuing to operate as an autonomous player. As an example of this, in October 2018, a senior executive from China National Nuclear Corp (CNNC) announced the company is looking to invest in overseas uranium mines to secure supply for an expected ramp-up in the country’s power generation. This, combined with Ni Tao, the deputy manager of China National Uranium Co Ltd, indicating that China’s “vision is to be the world’s leading uranium company”, confirms that the country is serious about its commitment to the nuclear fleet roll-out.