UxC reporting $92/lb. spot U3O8 (+$2.00)

This is the correct take ⤵️

GE Hitachi Nuclear Energy is proactively working to set up the supply chain for their BWRX-300 reactor. Hopefully, this will result in lower costs and a smaller risk of cost overruns.

A lot of bad takes out there on the Russian uranium ban. My focus today is on the May UI newsletter that goes out tomorrow...but if I have time, I'll try to do a UMM or spaces to clear up some of the misunderstandings.

UI Members...I've just posted an update video regarding the U.S. Senate's passing of the Russian uranium ban legislation and its implications. You can view the video here: bit.ly/3JH8PuT

Bad timing, sellers

UxC reporting $90.00/lb. spot U3O8 (+$2.00)

#SPUTTracker Updated: 0K pounds purchased for a total of 45.7M. 0.6M units issued and $47.7M cash on hand. Spot closed at $88.00 per pound (per numerco). Implied #uranium price $87.09. $sruuf, John Quakes Sprott Asset Management Uranium Insider bit.ly/3mOr3R0

Looks like the White House is not wild about Rosatom producing ammunition either...
Bloomberg: White House Eyes Russian Uranium Import Ban as House Bill Stalls
$CCJ #uranium

NEW: The White House is considering banning Russian uranium imports using executive power as legislative efforts stall.
bloomberg.com/news/articles/…

UxC reporting $88.00/lb. spot U3O8 (+1.00)

Constellation Clean Energy the largest #nuclear operator in the USA and one of the largest globally, has been consistently vocal on the need to save (and expand via up-rates) existing nukes. They’ve been relatively quiet on adding new nuclear until now. If that changes, watch out! #uranium

It's a testament to the value proposition of #NuclearPower that a project which faced so many challenges is and (especially) will be well worth it. Georgia is a leading in many important growth areas precisely because of nuclear power. Watch them build more reactors soon. That's

Let’s go

I’m saying it is.
#NuclearEnergy #nuclearPower

Credit where it’s due

Microsoft just invested $1.5B in G42...big AI push in UAE. Likely a major driver for their desire to build another four nukes. This trend is real

Quite possibly the best nuclear success story of this century — Barakah — a collaboration between UAE and South Korea. Four 1.4GW reactors, on time, on budget.

Rinse and repeat! 👇🏻👏🏻👏🏻