Trust in Focus: Geiger Counter

In this episode of Trusts in Focus, we’re looking at Geiger Counter Limited (GCL), which provides differentiated exposure to the long-term growth potential of uranium and nuclear energy. We explore the investment case for uranium - from the growing role of nuclear power in lower-emission energy systems to rising electricity demand driven by artificial intelligence and energy security — alongside the structural supply shortfall emerging in the market, including geopolitical dynamics, China’s accelerating nuclear buildout and constrained Western production. We also run the rule over the key drivers of GCL’s performance, from its overweight exposure to developers and North American concentration, including high-conviction positions such as NextGen Energy, before discussing portfolio construction, gearing, volatility and what a sustained higher uranium price environment could mean for returns. 00:00 Introduction 00:40 The investment case for uranium 02:00 Geopolitics and price dynamics 03:13 Portfolio positioning and developer exposure 04:33 Performance and market leadership 05:30 Volatility, concentration and gearing 06:20 Active strategy versus passive exposure 06:38 Further information 06:46 Risk warning Visit the GCL page on KTI - https://www.trustintelligence.co.uk/investor/funds/geiger-counter GCL website – https://ncim.co.uk/geiger-counter-ltd/ Please note that this video was recorded on 3 February 2026.