Disclaimer: Nothing that follows is investment advice. Please see our “Terms” page link below for more information regarding this website. Our readers know that since the launch of Segra Resource Partners in 2018, Segra Capital has been wholly dedicated to studying and investing in the nuclear industry and nuclear fuel cycle.  What some of you...

Disclaimer: Nothing that follows is investment advice. Please see our “Terms” page link below for more information regarding this website. The date is December 17, 2021.  Our families sit in adjacent rooms spreading holiday cheer while the Segra team puts the final punctuation on Kazatomprom:  Golden Slumbers.  With any luck our last missive of 2021 will...

Disclaimer: Nothing that follows is investment advice. Please see our “Terms” page link below for more information regarding this website. Segra Capital launched Segra Resource Partners in 2018 to take advantage of what we believed was an underfollowed and mispriced opportunity in the uranium and nuclear power markets.  Since that time, investor interest in the...

Segra Capital Management has spent the last several years solely focused on investing in the clean energy transition.  As many academic papers have pointed out recently, reaching net-zero is a goal which will cost trillions of dollars and will fundamentally change the way we live, work, and invest over our lifetimes.  While we are not...

Disclaimer:  Nothing that follows is investment advice.  Please see our “Terms” page link below for more information regarding this website.  The single question we are asked more than any other: “how much material is there in the spot market?” This question has been prevalent since we founded Segra Resource Partners in 2018 but has become THE...

Background: Environmental, Social and Corporate Governance (“ESG”) investing is both the most significant and least understood discussion topic in the financial community today.  The main reason for confusion is that there is no commonly accepted definition or approach to ESG investing.  Rather, the term covers a wide range of investment goals, philosophies and frameworks which...

As our website states:  Segra aims to travel waters others will not or cannot, in the hopes of achieving outsized reward through strict adherence to our investment process and core opportunity set. A key reason for Segra Resource Partners’ fund launch was the under-covered and misunderstood nature of the uranium and nuclear power space.  As...

“Carbonomics” is a term used by Goldman Sachs to describe the broad investment and economic implications for clean tech as world economies strive to reach carbon neutrality.  We may not agree with all of the bank’s forward looking assumptions (in particular the conspicuous absence of any nuclear contribution to emissions reductions) but we like Carbonomics...

Background: In the uranium market, there are three large western converters where most trading and physical delivery of material take place:  Cameco’s Port Hope (“CMC”) in Canada, ConverDyn’s Metropolis (“CVD”) in the United States and Orano’s Comurhex (“CHX”) in France.  Historically, uranium for delivery at each location was priced relatively tightly (say $0.10 – $0.50)...

Welcome to the Commentary page for Segra Capital Management’s new site. The team plans to use this forum selectively to make market musings, highlight thematic investment ideas and share what is generally on our minds. Stay tuned!