Harry Chris @hchris999 Twitter profile

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Harry Chris

23 days

@RealRickRule sharing some great wisdom about investing and speculating in an interview with @leadlagreport . The whole interview is great. There is not enough #uranium supply to meet demand. Spectacular gains will be made. Patience is required.👇

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Harry Chris

@hchris999

3 years

1- #uranium is all about supply and demand. Here are some points about 2021 you may not have realized.

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Harry Chris

@hchris999

1 month

If you are invested in #uranium and have not done so, I highly recommend this interview by @antonioresource and John Ciampaglia of Sprott. There are a few items I would like to add. Grab a coffee, this will be a long thread on #uranium /1

New Uranium Report, Shenanigans, SPUT Issues, and a Copper Outlook |...

John Ciampaglia, CEO of Sprott Asset Management joined me for a conversation about the new uranium report, the uranium spot market shenanigans, the challenge...

www.youtube.com

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Harry Chris

@hchris999

3 years

1-In 3 months SPUT has purchased and locked away 21 million lbs of #uranium . You have to appreciate that this equals France's entire consumption for its fleet in 2021. Soon it will exceed China's 2021 number. (WNA, France 8233 tU=21.4 mm lbs, China 9563 tU=24.9 mm lbs)

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Harry Chris

@hchris999

3 years

1-I've been away but looking to catch up. In May the EIA puts out their annual #uranium marketing report. While we wait, the US utilities have completed their annual 10K filings giving us a view of their nuclear fuel purchases. In summary, it ain't great.

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Harry Chris

@hchris999

2 years

“History never repeats itself, but it does often rhyme.” - Mark Twain A long thread on interest rates and the stock market, compared to #uranium prices and a stock. The bull market of 2004-07 as compared to that of the current 2021-202? /1

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Harry Chris

@hchris999

2 years

I am a fan of history. There is a lot to learn from it. If the price pattern followed by spot prices is consistent, we may finally see a significant move up in the spot price of #uranium in 2023. 🧵/1

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Harry Chris

@hchris999

3 years

1-A short thread on $CCJ $CCO Cameco's #uranium contracting news from last week. The impact of this event, and what it signals, is still understimated in my opinion. To understand what it means, we have to go way back starting with Fukushima.

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Harry Chris

@hchris999

11 months

Some thoughts on #uranium stock performance in the bull market of "2021 to ?". At the end of 2020 the spot price of uranium was $30/lb. Fast forward to today and it is $78. A rise of 2.6x. As beneficiaries of ⬆️ prices, you would expect the miners to exceed this result. A 🧵/1

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Harry Chris

@hchris999

3 years

1-With the markets closed today, I thought it would be a good time to write about Kazatomprom and their future impact on the #uranium market. There is a lot to unpack. So grab a coffee if you like and feel free to add to anything I may have missed.

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Harry Chris

@hchris999

11 months

How early are we in the #uranium cycle? Developers would have to rise by 4× to match valuations reached in 2007 when spot was $75. The equivalent level today would $114/lb.

Uranium Equities

@UraniumEquities

11 months

#Uranium equities are cheap or overpriced; it's time to look back and compare to 2007 and $75 spot price. For starters, let's ignore inflation.

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Harry Chris

@hchris999

3 years

8-SPUT still has seven more weeks to continue buying driving that number further downward, creating the largest annual deficit I could find in the last 20 years. With no choice but to consume their inventories, the tipping point for utilities, and the #uranium price, is near.

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Harry Chris

@hchris999

1 year

#SPUT is way over NAV this AM with very strong volumes in the first 15 minutes. The rush of cash is coming in like water through a dam. #uranium

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Harry Chris

@hchris999

3 years

1-When #uranium stocks have had a bad week, always come back to the fundamentals. Consider the supply-demand picture put together by the WNA in their 2021 Nuclear Fuel Report. Interestingly they do not incorporate purchases made by the funds created to buy and hold #uranium .

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Harry Chris

@hchris999

2 years

To add to @quakes99 excellent thread, here is further confirmation of the seismic change from Russia to the West. After an 8 year decline Urenco reported a large rebound in orders, but not an increase in capex. They have to overfeed to meet this demand. More #uranium is required.

John Quakes

@quakes99

2 years

1) While market meltdowns🫠 & #Ukraine war FUD😱 may be raining on #Uranium for now⛈️ a huge Shockwave💥 dubbed 'overfeeding'🍼 is already crashing thru the seemingly calm #Nuclear fuel market.🌀⚛️⛏️ I've created a Tutorial👨‍🏫🧵 to help prepare U to ride the coming wave.🌊🏄💰👇2

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Harry Chris

@hchris999

1 year

A summary 🧵on #uranium stocks to start your day. It has been a great run since the lows of 2020. But we are still very early. The market value of publicly listed miners is in the area of $50 Billion US. In 2007, at the peak, this was $130 Billion. /1

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Harry Chris

@hchris999

3 years

If your #uranium portfolio has gotten you down, you need to read "Would you have made a fortune in uranium?" from the last bull market. The site no longer exists but someone was kind enough to convert it to a PDF.

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Harry Chris

@hchris999

2 years

The largest nuclear fleet in a single country has on average only 16 months of inventory, when the cycle from mine to fuel rods can take from 18 to 24 months. The #uranium inventory drawdown has come to an end.

Art Hyde

@JekyllCapital

2 years

Adrienne Hanly, Uranium Production Specialist from the @iaeaorg discussing U.S. inventory levels. Her study shows 16 months on average vs. their recommendation of 2Y+. This is an issue from her perspective and something governments may need to address (Europe just above 2Y now).

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Harry Chris

@hchris999

2 years

$UUUU C.C. #uranium New contract up to 1.8 mm lbs. with a US nuclear utility, and it was signed this morning. Starts 2026. They are working on add'l contracts with earlier start dates. #REE Monazite in advanced discussions for supply. Believe they are close to a few of these.

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Harry Chris

@hchris999

2 years

Mostly going unnoticed, Urenco released their 2022 annual report. As one of the largest enrichers, there are some very significant implications to #uranium in this report as we go through 2023. A🧵 /1

Urenco Global

@urencoglobal

2 years

The results are in! Today we publish our annual report and accounts, which details our strong financial, operational and sustainability performance in 2022. 👉

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Harry Chris

@hchris999

8 months

Stare at this chart for a while. In what year do we see #uranium supply meet demand? Never. It will take a lot of supply from exisitng mines, new mines, new discoveries, and some new 2ndary sources to fill the gap. Invest with tailwinds, it's a lot easier.

John Quakes

@quakes99

8 months

📊Guy Keller at @Tribeca always comes up with great graphics like this one👇 that makes the #Uranium #mining #stocks #investing case as plain as the nose on your face!👃 #RideTheNuclearWave 🌊🏄

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Harry Chris

@hchris999

2 years

I appreciate that today was a nasty day for everyone holding shares in #uranium companies. I am by no means a stock market prognosticator, but I thought some perspective might help. Take the information as you wish./1

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Harry Chris

@hchris999

1 month

As the industry gets together in London this week at the WNA, the reality of the situation may still not be evident to some. There is not enough uranium out there and there is no natural price that brings a sufficent amount to the market soon. Great interview @antonioresource

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Harry Chris

@hchris999

9 months

Interesting note that in 2024 there is an expectation of 16 new nuclear plants coming online. Although a certain amount will be deferred to 2025, it will be the largest increase in nuclear generation in the last decade. Annual #uranium demand ⬆️ 3 to 4%.

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Harry Chris

@hchris999

3 years

9-From my experience, when assessing war as a risk to the supply chain, it usually is very low on the list unless it is in your face. I don't think US nuclear utilities were prepared, and certainly they don't show it in their reports. Perhaps obvious point. There will be panic

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Harry Chris

@hchris999

5 months

$GLO $GLATF Global Atomic has posted today their Management Information Circular at They expect to finalize the financing shortly. The DFC vote is likely the first week of June. We should know more next week. Below the letter to shareholders.

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Harry Chris

@hchris999

2 years

Some info on #uranium term contracting from FNArena & TradeTech. 1 utility 860K lbs for next year 1 utility 2.7 million lbs 2024-32 European utilities looking for enriched uranium 5 utilities looking for 11 million lbs

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Harry Chris

@hchris999

1 year

FT Article on #uranium . Grant Isaac (Cameco). Days of $40,$50,$60 over. Need new supplies. Per Jander (WMC). We are exceeding Pre-Fukushima levels. Nick Lawson (Ocean Wall). Spot to $200 by 2025.

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Harry Chris

@hchris999

3 years

1-A few observations on #uranium enrichment and the impact of any sanctions. As noted by the WNA, there are principally 4 enrichers. If Rosatom is taken out, the west is left with Urenco and Orano, while CNNC is not open to them.

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Harry Chris

@hchris999

2 years

This is not unusual as uranium is last. IMO, uranium's spot price rise will follow the rise in SWU spot prices (33% in one month for SWU is a great start). If the past foretells the future, as the price of SWU goes 🚀, the uranium price will follow shortly in 2023./end

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Harry Chris

@hchris999

3 years

3-My favorite utility is Duke Energy (owns 11 NPP). The date of their report is Feb 24th. Their #uranium needs are covered to 2022 only, and they don't see a supply issue on the horizon. (In retrospect, maybe not a good strategy.😉)

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Harry Chris

@hchris999

2 years

Why the world's largest #uranium miner needs much higher uranium spot prices? A long thread...bear with me🙏/1

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Harry Chris

@hchris999

1 year

A few points about #Niger and what it means to #uranium that I do not see being mentioned. This is just an observation of some simple facts. In terms of what ultimately happens with the coup, I have no idea./1

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Harry Chris

@hchris999

2 years

Some short term thoughts on the #uranium market. Someone was selling rather heavily as spot dropped 14% in the week, with most of it taking place in the span of two days. This was obviously a forced liquidation and traders knew as they dropped their bids. /1

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Harry Chris

@hchris999

2 years

Something to think about. #SPUT has raised $1.9 Billion to date. As money comes back in, even UxC doesn't know if there is another $1 Billion of #uranium available to purchase. If a nuclear fuel buyer has not sufficiently contracted can they find spot mat'l? 🤷& Price? ⬆️🚀🚀

John Quakes

@quakes99

2 years

Over the past week #SPUT has issued 2.5M new trust units🏧 to raise $30.7M cash💵 while stacking just 200,000 lbs #Uranium 🛒 as #U3O8 Spot price has risen +$2.50 to a 2-month high of $50.34/lb #U3O8 🚀 as we approach usually strong purchasing season for #Nuclear fuel buyers.⚛️🛍️🤠

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Harry Chris

@hchris999

1 year

China is stepping up their #uranium game plan with their first ever International Forum on Natural Uranium Industry. Today $CCJ marked their contract with CNNC, and recently $GLO talked about presenting there, as well. They are coming for #uranium !

China promotes global cooperation on sustainable uranium resource devt with inaugural industrial...

International experts called for strengthening international exchange and cooperation, as well as increasing efforts and investment in uranium resource development, to address the challenges of...

www.globaltimes.cn

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Harry Chris

@hchris999

3 years

1-Back in 2004 #uranium equities saw a pretty strong rise early in the year, only to see a major drop in prices that spring that, with some of the speculative names really getting thrashed, beyond anything we've seen since November 2021 to now.

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Harry Chris

@hchris999

2 months

The boom is back for #uranium enrichers. This week Urenco reported their 6 months results for 2024. Their order backlog is just short of the previous high from 2011 in US$, but I expect that they will exceed this. Why is this important? ⬆️Demand=⬆️Tails=More uranium required.

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Harry Chris

@hchris999

1 year

#uranium spot price has moved from $58.50 on August 28th (UxC) to $70.50 per below. In just 4 weeks the price is up $12/lb and 21%. We are not at replacement rate contracting. We await more financial buyers. And there is not enough supply no matter the price.

John Quakes

@quakes99

1 year

Holy [insert sacred object]!🎇🎆🤯 Spot #Uranium has achieved escape velocity🚀 that has broken it free of earth's orbit🌟 UP +$3.25 today to $70.50/lb #U3O8 🛸 with sellers asking $72👽 at US #Nuclear fuel brokers 'Uranium Markets'🪐🌌🌠 Enjoy your weekend!🧑‍🚀🍻

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Harry Chris

@hchris999

3 years

1-3 years ago the Trump administration concluded their findings on the section 232 petition put forward by $UUUU $EFR and $URE $URG. I believe that much of what was written has a huge impact on the #uranium market today.

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Harry Chris

@hchris999

1 year

How bad is it for European nuclear fuel purchasers? In 2022, 69% of their #uranium supplies came from Kazakhstan, Niger, and Russia, all of whom have geopolitical challenges. Canada cannot fill the gap should supplies be permanently cut from any one of these countries.

NucNet Nuclear News

@NucNetNews

1 year

🇪🇺 Euratom Annual Report: 97% Of Europe’s Natural #Uranium Comes From Overseas, But #Russia Deliveries Fall. #nuclearenergy EU supply agency also warns of continued dependence on Moscow for VVER #nuclear fuel

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Harry Chris

@hchris999

1 month

Something to think about following WNA London 2024. In the 2007 bull, enrichment peaked at $160/SWU, conversion $12/kgU, & uranium at $137/lb. Today, it is $176, $72, & $80, respectively. Utilities will pay up to get what they need. #Uranium will exceed the previous high.

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Harry Chris

@hchris999

3 years

It should be obvious that a NYSE listing is not required for large funds to buy into #SPUT . This position further adds to the case for #SPUT 's listing application in that the NYSE is losing out on trading volume to the TSX. #uranium

John Quakes

@quakes99

3 years

OMG!🤯 Global Macro Hedge Fund Caxton Associates has filed today on SEDI that they have become a +10% shareholder in @Sprott Physical #Uranium Trust🏦 with a reported #SPUT investment holding of 18,211,711 units (Market Value today of over US$257M)💰🤠🐂🏄‍♂️

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Harry Chris

@hchris999

5 months

Paladin Energy $PDN is a great company and has done very well for its investors. It will continue to do so. When comparing its valuation against Global Atomic $GLO $GLATF the disconnect in Global's valuation is exceptional. #uranium

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Harry Chris

@hchris999

2 years

SPUT reached NAV. Looking for a push to premium to get the spot ball rolling again. #uranium

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Harry Chris

@hchris999

10 months

At the start of 2023 I looked to previous bull markets to understand where #uranium prices are headed. I am now convinced that what lies before us is unprecedented.

John Quakes

@quakes99

10 months

🎆The final results are in📊and #Uranium , surpassing over 90 tracked commodities on TradingEconomics, is the World's Top Performing Commodity of 2023🥇🌎⚛️⛏️"this is merely the inception of a historic rally.. with prices poised for further escalation"📈🤠🐂

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Harry Chris

@hchris999

1 month

How low is reported #uranium term contract volume? Since 2000, only in 2013 after the Fukushima incident, has the volume been lower. This is not sustainable in a market where security of supply is paramount.

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Harry Chris

@hchris999

3 years

1-A thread on SPUT $U.U $U.UN, the power of incentives, and their impact on the #uranium market. As part of the agreement to manage Uranium Participation Corp and convert it to a trust, Sprott agreed to spend the following sums.

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Harry Chris

@hchris999

4 years

Current market cap of all publicly listed #uranium stocks is $16 billion US. While this double off of the March lows, during the last bull market in 2005-07 this peaked at over $130 billion US. We have a long way to go. Looking forward to 2021.👍

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Harry Chris

@hchris999

3 years

In a single day they raised 6% of the revised ATM, and now have 75% left. At this pace, they will be done by the end of the month and will need to amend the ATM once more. By then SPUT will have operated for a total of 6 weeks. Wrap your #uranium head around that.🥴

John Quakes

@quakes99

3 years

Today @Sprott unwrapped its shiny new $1B ATM🎁 to issue 5.9M Physical #Uranium Trust units🏧 raising $73M💵🏆 to stack 1.25M lbs #U3O8 🏦 pushing Up NAV by $88M to >US$1.21B.💰 SPUT holds $18M cash for stacking🛒 as units close at 8.16% Premium🤠🐂 #ESG 🏄‍♂️

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Harry Chris

@hchris999

2 years

$500mm would remove 7-10 mm lbs of #uranium supply (subject to price). Add min. 10 mm lbs of purchases from SPUT, and 10 mm lbs of reduced secondary supply from overfeeding, and you pile onto a major deficit in #uranium supply in 2023. My 2022 estimated deficit was 35mm lbs.

John Quakes

@quakes99

2 years

BTW.. #Kazakhstan 's new physical #Uranium Fund, ANU Energy, is on the road meeting with investors in London🇬🇧 and #UAE 🇦🇪 ahead of its planned US$500M IPO on AIFC.💰 @OceanWall2 is hosting events on 16/17 January.👨‍💼 Reach out to Nick @Lawse for more info.👉

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Harry Chris

@hchris999

3 months

A month ago the US EIA released its annual report on US utilities and their #uranium purchases. As the largest nuclear fleet in the world, the US has a significant impact on the #uranium market but the world has changed from the bull market of 2005-07. A 🧵 on the topic./1

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Harry Chris

@hchris999

2 years

WNA published their 2021 #uranium annual production numbers. They've unpacked a lot more data this year. 2021 production = 125.6 million lbs./1

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Harry Chris

@hchris999

1 year

On a Sunday, a long weekend in North America, the largest Canadian producer just announced a major cut to its 2023 #uranium production. Can't wait for the WNA and spot prices next week!

Cameco Corporation

@cameconews

1 year

#Cameco Provides Production and Market Update - $CCO.TO $CCJ

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Harry Chris

@hchris999

1 year

ConverDyn has finally commenced production, expanding conversion (UF6) capacity in the west. #uranium

Nuclear Fuel Market: Metropolis Restarts; Peninsula Production Delayed

Honeywell's Metropolis uranium conversion plant has restarted UF6 production, while US junior Peninsula Energy's planned mid-2023 production restart is delayed.

www.energyintel.com

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Harry Chris

@hchris999

1 year

30:20 mark, Mike describes a discussion he had with a major nuclear fuel buyer about #uranium who said; "The producers think it is our responsibility to underwrite and incentivize them to put new production in. That is not how commodity markets work." Heading for a crisis!

Harry Chris

@hchris999

1 year

This is a fabulous behind the scenes discussion. It is 42 minutes well spent. Thanks to @hkuppy for putting this out to the public. #uranium

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Harry Chris

@hchris999

9 months

$GLO $GLATF $GXU #Orano #uranium If you want to understand where the Niger government is headed have a look at Mali. A military coup, Wagner/Russia, and constant terrorists. Yet Barrick Gold operates one of the top 10 gold mines in the world earning $100 million US per quarter.

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Harry Chris

@hchris999

4 months

When I look at all the momentum in #nuclear energy be it life extensions, new builds, restarts, and SMRs, I ask myself who will provide the sole material, #uranium , required to meet this demand? A brief 🧵/1

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Harry Chris

@hchris999

2 years

Western #uranium conversion on an expansion drive. -ConverDyn restarts in 2023 -Port Hope increase in production in 2024 -Continued ramp up of Philippe Coste plant to 2024 Will lead to overfeeding and significantly higher uranium demand

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Harry Chris

@hchris999

3 years

SPUT purchased 200,000 lbs #uranium today and issued 42,200 shares. They have $29.5 million in available funds. In a month and a half they've purchased 4.6 million lbs. Since Feb 1st they've issued 8 million units and bought 1.9 million lbs.

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Harry Chris

@hchris999

1 year

Numerco #uranium ASK now at $71.00

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Harry Chris

@hchris999

6 months

I'm more focused on uranium rather than REE, but these are interesting slides from $UUUU Energy Fuels on their Base acquisition. /1 $212mm cost for $2 billion NPV10 in resources

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Harry Chris

@hchris999

10 months

I think it's up to each #uranium investor to decide whether the risk is worth the reward, but this is $GLO's latest numbers based on $80 price. US $1.1 Billion NPV versus $360 million market value. Start of 2023 with $48 price it was $450 mm NPV and $450 mm market value.

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Harry Chris

@hchris999

3 years

1-A few thoughts on $KAP and the contribution of #uranium to the Kazakhstan government's treasury. While $KAP has often been equated to Saudi Arabia (by default Aramco), the extent of their contribution is surprisingly not that large.

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Harry Chris

@hchris999

6 months

In this morning's presentation Tim Campbell of $GLO Global Atomic responded to questions on the financing. They expect approval by the end of Q2. #uranium Summary of response 👇

bullura

@bullura1

6 months

ICYMI, Here is a link to watch the recording. $GLO #uranium

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Harry Chris

@hchris999

3 years

3-The purchasers have been (in millions of lbs) SPUT 19.3 UPC (SPUT's predecessor) 2.3 YCA 8.5 DNN/DML 2.5 BOE 1.3 UEC 1.0 URC 1.0 PEN 0.3 EU 0.2 Keep in mind the year is not over and SPUT is buying at a rate of 1.5 million lbs/week.

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Harry Chris

@hchris999

1 year

Does this mean #uranium investors are going to be up all night looking at the ASX quotes?🥱

John Quakes

@quakes99

1 year

Ka-boom!🧨💥🔥 #Nuclear fuel brokers @EvoMarkets have just reported that their closing price today for Spot #Uranium soared +$2.00 to 🥁.......... a new 12-year high of $64.00/lb #U3O8 🎆🎇🤯 which is a price not hit since 11 March 2011.🌊🇯🇵⚛️😲

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Harry Chris

@hchris999

3 years

I think it is important to note that Constellation (formerly Exelon), the largest NPP owner with 21 plants, is quoted as being not opposed to sanctions against Rosatom. #uranium .

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Harry Chris

@hchris999

1 year

Grant Isaac $CCJ confirming nuclear fuel buyers operate as a herd. When they really want to contract their #uranium needs, they all do.

UraBot

@UraniumStockBot

1 year

Cameco Corporation (CCJ) BofA Securities Global Metals, Mining & Steel Conference Transcript 20:00 America/New_York #Uranium ☢️

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Harry Chris

@hchris999

1 year

Orano ships 1-1.2 million lbs #uranium every 2-3 mths including Niger govt's 37% share. It's been 1.5 mths since the coup. The amount is not significant. What is, is the perception that security of supply is very fragile and just adds to all the other issues.

John Quakes

@quakes99

1 year

Boom!💥🪖 Orano halts #Uranium processing in #Niger due to sanctions on junta🇳🇪⚛️⛏️🏭⛔️ #Nuclear #SupplyCrunch #UraniumSqueeze 🗜️ #RideTheWave 🌊🏄🤠🐂 #nuclearsympo

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Harry Chris

@hchris999

3 years

China aiming for 1st mover advantage in #uranium by locking up lbs with largest producer. CGN purchases 49% of Ortalyk CNNC trading hub & warehouse at Alashankou CGNPC fuel fabrication JV Two term contracts executed quickly per Commercial Chief They see what's coming.

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Harry Chris

@hchris999

25 days

Even when @quakes99 takes some time for himself, he brings us significant #uranium news. "USA is increasing tariff on Chinese uranium, in any form, from 7.5% to 25%."

John Quakes

@quakes99

25 days

⚠️Yesterday the Office of the US Trade Representative (USTR) posted on the Federal Register a Notice outlining changes to US Section 301 tariffs on certain products imported from #China , including #Uranium .🇨🇳🚢⚛️⛏️➡️💰🇺🇸 The changes stem from a Four-Year Review by USTR and by

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Harry Chris

@hchris999

5 months

Something to think about. To date only two #uranium miners have generated cash flow and earnings on a consistent basis; Kazatomprom and Cameco. In 2024 that will change. The sector becomes much more attractive to investors when it can be measured on its cash flows and earnings.

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Harry Chris

@hchris999

2 years

We have seen the valuations of many #uranium miners move down significantly this month. I have no idea whether they will continue going down or go back up. I am certain of a few things. The shortage in uranium will become more acute without a lot of new production./1

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Harry Chris

@hchris999

3 years

5-Urenco was not ramping up prior to the war, and I would expect Orano to be the same. It is not obvious to me that they can expand capacity quickly. Rather, the only solution is to massively overfeed. That will require a lot of #uranium .

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Harry Chris

@hchris999

3 years

SPUT sending a very large confirmation this AM. Over 1 milion shares traded in first 10 minutes and nicely above NAV. They will be go shopping for #uranium .

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Harry Chris

@hchris999

3 years

Stephen Roman sharing some insight on who is investing in #uranium . Starts at 19:35 mark. "Even the big tech funds are moving into the #uranium space because they view #uranium as a disruptor metal".

Global Atomic (GLO) - The Next Big Uranium Producer

Sign up for Crux Investor: https://cruxinvestor.comMatthew Gordon spoke with Stephen Roman, the Chairman, President and CEO of Global Atomic Corp. (TSX:GLO) ...

www.youtube.com

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Harry Chris

@hchris999

1 year

A North American utility is willing to sign with $GLO $GLATF Global Atomic despite the coup, and the as yet not finalized financing. What are #uranium investors thoughts on this news?

Global Atomic Corporation

@AtomicCorp

1 year

Global Atomic has signed its third off-take agreement for the sale of uranium from its Dasa Mine, bringing total contracted volume to date close to 1.5 million pounds of #uranium per annum over Dasa’s initial five years of operation. ⚛️ $GLO $GLATF

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Harry Chris

@hchris999

2 years

A bit more info. As SWU is quoted in US$, Urenco also provides the fx rate in their reports. When converting the backlog to US$, the 2022 1/2 year demand is more revealing. This year will rank among the top 3 best years in the last 10, and could possibly be the best! #uranium

Harry Chris

@hchris999

2 years

To add to @quakes99 excellent thread, here is further confirmation of the seismic change from Russia to the West. After an 8 year decline Urenco reported a large rebound in orders, but not an increase in capex. They have to overfeed to meet this demand. More #uranium is required.

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Harry Chris

@hchris999

9 months

In 2023 the primary deficit between production and demand was $50+ million lbs. In Sprott's 2024 #Uranium Outlook they are forecasting an extra 40 million lbs of production by 2027. This is the best case scenario assuming the restarted mines achieve their production targets.

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Harry Chris

@hchris999

9 months

It would not be a surprise to hit a new #uranium price high that exceeds the inflation adjusted number of the previous bull runs, but the upper limit is unknown.

John Quakes

@quakes99

9 months

Flash!📸 For those of U asking for an inflation-adjusted chart for Spot #Uranium 💲⚛️⛏️📈 my buddy @NuclearDorito has created a new chart that looks back from today's $104/lb #U3O8 price to 1968☮️ covering the 2 prior U bull markets and this one that's just getting underway.🤠🐂🏄

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Harry Chris

@hchris999

1 year

The state of #uranium . A short thread...I hope./1

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Harry Chris

@hchris999

1 year

BTW if you saw Dustin Garrow's Crux interview he notes that term contracts under $60 have been hoovered (i.e. vacuumed) up. What is incredible is that we are still so early in the #uranium term contract cycle. Not even yet at replacement rate.

Harry Chris

@hchris999

1 year

@YahCork @FbmHero @CruxInvestor I think where John B is intelligent is that he wants to be a high price seller (not a high cost miner), and he understands that this market is ripe for exactly that. I would not be surprised to see him announce a contract with a floor of $100/lb, as crazy as that reads.

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Harry Chris

@hchris999

1 year

According to Energy Intelligence, ConverDyn is a month behind schedule in restarting. It was originally scheduled to start April 1st. @quakes you might be onto something regarding spot purchases for ConverDyn. See 👇 #uranium

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Harry Chris

@hchris999

1 month

Nuclear fuel buyers have been able to purchase uranium from commercial inventories (2). According to Sprott that store is depleting very quickly. The chart below is based on data from UxC and as you can see commercial supplies are coming to an end in 2024. No doubt SPUT helped./7

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Harry Chris

@hchris999

2 years

A few takeaways from the #uranium conferences from the Red Cloud conference fireside chat and PI Financial Trade Tech presentation. I recommend you listen to them. /1

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Harry Chris

@hchris999

9 months

Great find. It has often come into question whether KAP was high grading in the past. More evidence that the largest producer may have done exactly that. #uranium

Borja

@piterloskot82

9 months

Pay close attention to the following: few months ago Mukanov stated that KAP would need 1.7MM tons of sulfuric acid for 2023´s #uranium production. Now Ibrayev says they need 2.2MM tons today. This is too significant increase in their new requirements.

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Harry Chris

@hchris999

2 years

Interest rates on their own do not have a direct impact on the commodity. Investor sentiment goes through extremes of optimism and pessimism, but #uranium stock valuations remain elevated in comparison to the market due to the #uranium fundamentals that matter much more./End

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Harry Chris

@hchris999

3 years

2-As far as I can find, there has never been a year whereby financial players and miners have sequestered these many lbs. of uranium in a single year. As of yesterday, the total amount purchased was 36.4 million lbs.

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Harry Chris

@hchris999

2 years

Seeing #uranium stocks drop from their highs has led to a lot of angst among investors/traders/speculators/etc. If you are more a long term investor, perhaps this brief thread may help (or not🤷). /1

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Harry Chris

@hchris999

1 year

It is clear that the #uranium spot price has gathered significant momentum. On August 28 UxC reported a price of $58.50. A few days later TradeTech came in at $61.35. 14 days later the Ask is $68! We are cutting through the $60s like butter.

John Quakes

@quakes99

1 year

Are U ready?😃 Spot #Uranium has spiked +$2.50🚀 to $66.50/lb #U3O8 🌟 with sellers now asking an incredible $68🎇🎆😲 at #Nuclear fuel brokers @EvoMarkets & UP +$2.75 to $66.25/lb for US 'Uranium Markets'🚀 while @Numerco held the line UP +$2.08 at $65.51⏫ Next stop the moon!🌜

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Harry Chris

@hchris999

2 years

The Bloor Street Capital #Uranium virtual conference today brought up some important macro info that I thought might be useful. A big thank you to @JamesConnor1999 and @BloorStreetCap for putting on this event. Feel free to add if you attended😀 (or if I misinterpreted 😲)/1

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Harry Chris

@hchris999

2 years

If Cameco can't get their #uranium shipments from Kazakhstan, how can anyone else in the west?

Harry Chris

@hchris999

2 years

$CCJ Cameco? Year-to-date we have taken no deliveries from our share of Inkai’s 2022 production. While the work on enabling shipping via the Trans-Caspian route continues, we have no confirmed date for when the first shipment with our share of Inkai’s production will proceed

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Harry Chris

@hchris999

7 months

TradeTech's comments on the recent drop in #uranium spot prices. A combo of no one buying above $100 and profit taking. Keep in mind that as supply shrinks and the need to secure supply becomes acute, they will be paying $100+.

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Harry Chris

@hchris999

3 years

7-Which should lead to contracting for everyone else. Finally, to come full circle, a #uranium bull market requires long term contracting (as noted by the chart from $KAP). This is ultimately what matters.

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Harry Chris

@hchris999

2 months

Some additional observations on Kazatomprom's announcement today. A thread of some of my notes. /1 #uranium

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Harry Chris

@hchris999

27 days

#Nuclear power is both clean and a key baseload power for both Data Centers and AI. The big $$$ are now coming with BlackRock, Microsoft, GIP, and MGX announcing partnership to invest up to $100 Billion in data centers and energy. #uranium

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Harry Chris

@hchris999

3 years

8-In my opinion, the fallout from the events in Kazakhstan, and the challenge for $KAP in meeting these obligations rests with its "Value Over Volume" strategy. They need higher prices. The days of low costs and maximize production at the expense of price are over.

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Harry Chris

@hchris999

2 years

In summary, they are preparing for growth. Uranium sales will continue ⬇️, tails assay will continue ⬆️ (to decrease SWU requirements (see picture)), they are increasing their capacity, but they want more contracts. Much more uranium will be required to achieve their goals.

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Harry Chris

@hchris999

3 years

For the #uranium folks. SPUT Day #2 A large raise today of +$12 million US. They could not deploy all the cash, buying only 200,000 LBS.

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Harry Chris

@hchris999

3 months

Some thoughts on Global Atomic's $GLO $GLATF announcement today regarding a private placement for $15 million. I think everyone knows what will happen to the share price in the short term, but I would like to focus on what happens after. A 🧵/1

Red Cloud FS

@RedCloudFS

3 months

Don't miss it: @AtomicCorp Global Atomic Announces Private Placement of up to C$15.0 Million - read more here: #News $GLO #NewsRelease #Investment #MiningNews

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