ADVANCE URANIUM ASSET MANAGEMENT LTD

A Toshiba and Westinghouse Electric company

Trust is the essential ingredient of any successful relationship. It stems from an experience of exceptional service, delivered by exceptional people.

Uranium

As one of world’s most efficient fuel sources, uranium is a material much in demand. The fuel cycle for uranium is a complex and labour intensive process, involving high levels of material refinement, enrichment, handling and transportation. Advance UAM is a leader in the field of uranium management and transportation. And, as a Toshiba and Westinghouse Electric company, UAM is thoroughly immersed in the nuclear fuel industry; therefore it has an unrivalled understanding of all facets of the fuel cycle and also the demands placed upon it by the world’s energy generating companies.

Commercially, UAM offers services in inventory procurement and management and employs a skilled work force, adept in contract negotiation, preparation and execution. Strong and well-established relationships with suppliers of uranium, conversion and enrichment, enable the Company to offer bespoke packages to customers. Packages incorporate standard sales through to full EUP supply for reactor requirements. An innovative approach to uranium procurement via its Integrated Supply Platforms model helps to differentiate UAM from industry competitors, delivering for customers optimal and value enhancing solutions to both uranium and transport.

UAM Service Portfolio

  • Management Services – Evaluation and analysis for uranium inventories; uranium purchase and sale transactions and uranium trade transactions.
  • Procurement Services – Management of uranic component procurement and supply; setting of procurement strategies; bespoke uranic solutions tailored to meet customer requirements; alliances with proven suppliers; diversity of supply options.
  • Supply Services – Sales, swaps and leases of uranium, uranic components and enriched uranium product.
  • Contract and Asset Management Services – Management expertise of uranium inventories; coordination of EUP transactions for fuel fabrication contracts; oversight of Delivery Management Agreements between enrichment and fuel fabrication sites.
  • Transport Services – Ocean freight; customs clearance; land transport; export licenses; nuclear transport package licenses; asset management; regulatory compliance.

Alliances and Marketing Arrangements – Uranic Components Procurement

(A) U3O8 Supply

  • Marketing arrangement for term supplies from Toshiba’s uranium interests.
  • Alliances with market participants to offer uranium supply.

(B) Conversion Supply

  • Alliances with market participants to offer conversion services

(C) SWU or EUP Supply

  • Alliances with market participants to offer SWU and EUP

(D) UAM owned uranium inventories

Access inventory of EUP enables the Company to offer:

  • Feed, SWU or EUP sales
  • Insurance against contracted supply failure
  • Integrated Supply Platforms

UAM Integrated Supply Platform (ISP)

ISP is a pioneering fuel leasing concept developed by UAM, which enables customers to procure EUP for fuel, with the option of staged payments through the irradiated fuel cycle. Requirements can be tailored to suit customer preferences in order to obtain the most favourable uranium and SWU arrangements for reactor units.

The ISP proposition benefits are:

  • Deferment of Uranium, SWU or EUP purchase
  • Ability to fix purchase timing for variable demand
  • Customers are able to manage procurement cash flow over an extended period
  • Purchases can be aligned to preferred payment profiles