Next two weeks will be do or die for EU Taxonomy. 4th July ---> 7th July is the plenary session which include address the Luxemburg and Austria "no" complaint for inclusion of Nuclear. This is ironic as they are the key jurisdictions and act as custodians to ESG Investments.
London, January 24, 2022– Global ESG assets may surpass $41 trillion by 2022 and $50 trillion by 2025, one-third of the projected total assets under management globally, according to a new report by Bloomberg Intelligence (BI). This trend continues the rise of ESG assets after they surpassed $35 trillion in 2020.
-- So fairly obvious the targets for carbon neutrality can't be done without further ESG investment into Solar, Wind, other renewables, and Nuclear and Gas as transitional.
Should the EU include Nuclear in this 3 year review, then great..... EPM's got exposure through it's intended divestment share holdings. If it doesn't divest, well you got exposure whether you like it or not US are soon to be purchasing regularly on spot market for uranium lb, vs SPUT.
Should it not pass well that's a lot more Solar Panels and Wind Turbines ...... EPM's getting to work on the Quartz and the REE magnets. And that would make if the manufacturing are to be relocated back to EU supply chain, commodity prices will boom further.
-- EPM is not included in any of the URA or URNM (only it was entitled; but could be double review period). This means it will not suffer as much volatility the upcoming month.
The URA has a rebalance period at the end of the month July. So ten business days prior will determine the make up the allocation weighting for the fund; as we all know the sector has been hit hard across the board. The non-performing inclusions will get pounded down further due to the rebalance and they had been included whilst the share market was a lot bullish and it has been difficult to keep up the momentum.
By the end of this volatility period in July/Aug, EPM should be the commencement of the drill program; this give holder ample time to prepare for the next leg of the company.
EPM Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)