The uranium Electronic Warehouse Receipt (EWR) was developed by Tony Anselmo, a long time financial professional with experience in the nuclear fuel industry, and Joe McCourt, a long time nuclear fuel professional with experience in the financial industry, who both recognized the high potential of a valuable service for the investment community.  The two teamed up to form Allocated Materials Management Company (AMMC) to provide a service aimed at satisfying the liquidity, transparency, cost, risk management and financing requirements of sophisticated financial investors wishing to gain exposure to the uranium price.

The service was developed to appeal to those commodity investors who already maintain positions in gold, silver, copper, petroleum and other commodities and wish to diversify into uranium, but require certain levels of liquidity, transparency, security, financing ability heretofore unavailable in uranium.