DonCorleone77
Posted - 12 hours ago
$SRUUF $CCJ $NXE $CEG $LEU From Bloomberg: "Russia Takes Aim at US Nuclear Power by Throttling Uranium" -- Enriched uranium needed in reactors supplying 19% of US power -- Russia says it’s responding to US law curbing uranium imports Russia is temporarily limiting exports of enriched uranium to the US, creating potential supply risks to utilities operating American reactors that generate almost a fifth of the nation’s electricity. The Russian government didn’t provide details of the restrictions or their duration in a Friday statement on Telegram. Utilities tend to make purchases well in advance, so any impact is unlikely to be immediate. As Russia’s prolonged war in Ukraine has made it increasingly unpopular on the world stage, the nation has repeatedly signaled a willingness to use its vast energy resources as geopolitical bargaining chips. Russia also told Austria on Friday it’s throttling gas supplies, interrupting a six-decade supply agreement currently covering 80% of demand because of a legal dispute. The latest move targets a particularly vulnerable US link in the nuclear fuel cycle. Russia controls almost half the world’s capacity to separate the uranium isotopes needed in reactors, and last year supplied more than a quarter of the US’s enriched fuel. While most deliveries have already been made this year, a ban could have implications from 2025, said Jonathan Hinze, president of UxC, which tracks uranium-fuel markets. That may leave some reactor operators without an alternative supplier. “There would be some utilities maybe that would be expecting that material and now might not get it,” he said. Canada’s Cameco Corp., one of the world’s biggest uranium miners, said the cumulative risks to the supply of nuclear fuel are significant. “To break the dependence on Russia and other state-owned enterprises, coordinated western responses are required,” Cameco spokeswoman Veronica Baker said in a statement. Russia said the move was a response to a ban imposed by the US on imports of Russian enriched uranium. President Joe Biden signed the legislation in May, but it allows for shipments to continue until 2028 under a system of waivers. The exceptions underscore a simple fact about the industry — that the US has allowed its domestic enrichment capacity to languish. “We don’t have enough enriched uranium here,” Chris Gadomski, head nuclear analyst for BloombergNEF, said in an interview. “They should have been stockpiling enriched uranium in anticipation of this happening.” While the Biden administration has launched a multibillion-dollar effort to restart the nation’s domestic uranium enrichment capabilities, it is still in its nascent form. The US has just one commercial enrichment facility in New Mexico, which is owned by a British, Dutch and German consortium, Urenco Ltd. Urenco’s US unit supplies about one-third of the enriched uranium used in American reactors, and is working to expand capacity 15% by 2027. The company “recognizes the critical need to ensure a reliable, secure and domestically supported supply of enriched uranium for the US nuclear energy industry, particularly as geopolitical tensions highlight the risks of reliance on unstable sources,” Rebecca Astles, Urenco’s head of communications, said by email. Among the recipients of waivers to import Russian reactor fuel are Constellation Energy Corp., the biggest US nuclear operator, and Centrus Energy Corp., a nuclear fuel supplier. Other requests are pending. Constellation Energy fell as much as 1.7% in New York on Friday. Centrus is the biggest US trader of Russian enriched uranium — its stock fell as much as 13%. In a statement, Centrus said the Russian decree wasn’t available to the company and it had not been able to verify or assess its implications. “Should Tenex be unable to perform as expected under our supply agreement, Centrus has alternatives under consideration that could be used to mitigate a portion of the near-term impacts,” the company said, referring to Russia’s state-owned uranium supplier. “We expect Tenex to take the necessary actions to continue meeting its contractual obligations.” Shares of other uranium or uranium-related companies rose, with Cameco climbing more than 6% at one point, while the US miner Ur-Energy Inc. surged as much as 10% and rival Uranium Energy Corp. jumped 13% before giving back most gains.
jinn1981
Posted - 1 day ago
$NXE nice jump in spot uranium. Can only speculate buyers have been holding out in the hope of spot prices coming down. Could start getting some nice moves now.
Napalm1
Posted - 2 days ago
It’s not a small jump higher
$URA $CCJ $EU $DNN $NXE
Napalm1
Posted - 2 days ago
Breaking: Russian restrictions announced on deliveries of enriched uranium to the USA!!!
This concerns uranium supply from Russia and all uranium going through Russia for enrichment in Russia (uranium from Kazakhstan) before going to the USA.
Russia is the biggest enricher in the world…
This is a problem for USA
Uranium spotprice is jumping higher
Physical uranium can be bought through Sprott Physical Uranium Trust (U.UN) and Yellow Cake (YCA).
$URNM $NXE $UEC $XLE $FCX
DonCorleone77
Posted - 3 days ago
$NXE Attached is page 1 from a Raymond James report yesterday on NXE entitled: "3Q Results; Rook I Update; PCE Drill Results" Raymond James has an 'Outperform' rating on NXE and a C$12.00 (USD $8.54) price target. Raymond James' 'Recommendation' statemetn is as follows: "NexGen offers exposure to one of the world’s largest undeveloped uranium deposits (Arrow) located in Saskatchewan. NexGen is well financed in the near-term to continue to develop Arrow. Given the high quality of the Arrow deposit and our positive view on uranium, we maintain our Outperform rating."
DonCorleone77
Posted - 3 days ago
$NXE From GuruFocus: "NexGen Energy Ltd (NXE) Q3 2024 Earnings Call Highlights: Strong Demand and Strategic Progress" Release Date: November 12, 2024 -- Positive Points -- -- NexGen Energy Ltd (NYSE:NXE) is witnessing strong demand for its future uranium production, with major tech companies recognizing nuclear energy as critical to their operations. -- The Rook One project is advancing well, with regulatory approvals nearing conclusion, supported by local indigenous communities. -- The company has made significant progress in project development, including the installation of a solar power plant and successful drilling results at Paterson Corridor East. -- NexGen Energy Ltd (NYSE:NXE) maintains a strong financial position with approximately 540 million CAD in cash and strategic uranium inventory. -- The company has established an exclusive relationship with WMC for uranium marketing, enhancing its position in the energy transition market. -- Negative Points -- -- The regulatory approval process for the Rook One project is still ongoing, with some aspects yet to be concluded, causing potential delays. -- There is uncertainty regarding the exact timeline for the commencement of construction, dependent on final federal approvals. -- The uranium market is experiencing significant sovereign risk, with 70% of the world's supply hosted by countries in military conflict. -- There are concerns about the availability of skilled labor and potential supply chain delays, which could impact project timelines. -- The company is facing challenges in finalizing offtake agreements, with negotiations still ongoing and dependent on regulatory approvals. -- Q & A Highlights -- Q: Can you provide more detail on which areas within the review process are still under scrutiny, and when you expect to start construction if the EIS is approved? A: Lee Currier, CEO, stated that there are no issues currently presented, and the Canadian Nuclear Safety Commission (CNSC) is nearing the conclusion of the review process. Once the commission hearing date is set and the Federal Minister signs off, construction can commence. Q: Have you experienced a slowdown in discussions with utilities regarding future offtakes? A: Lee Currier, CEO, mentioned that NexGen has not experienced a slowdown. They are actively engaged in negotiations with multiple utilities globally. Q: How many of the 49 outstanding questions from the CNSC are still unresolved? A: Lee Currier, CEO, indicated that the CNSC has not notified them of any outstanding issues, and the process is nearing conclusion. The company is confident that the remaining aspects will be resolved soon. Q: Does the increased interest from utilities give you more visibility on signing an offtake contract this year? A: Travis McPherson, Chief Commercial Officer, confirmed that negotiations are advanced and it is reasonable to expect the execution and announcement of contracts before the end of the year. Q: What is the strategic advantage of partnering with WMC Energy for uranium marketing? A: Lee Currier, CEO, explained that WMC Energy's extensive experience and relationships with major utilities globally align with NexGen's marketing approach, enhancing their position in the market.
Ryhyde832
Posted - 3 days ago
$NXE
Dream_Chaser17
Posted - 4 days ago
Nuclear Power as a Sustainable Solution for Bitcoin Mining $NXE $NXE.TSX https://10xalerts.com/nuclear-power-as-a-sustainable-solution-for-bitcoin-mining/
Widening_Gyre
Posted - 5 days ago
$DNN $NXE $URNM all pumping today after a morning lull. Huge morning for $SRUUF so far as well.
Ryhyde832
Posted - 5 days ago
$NXE
Tokenist
Posted - 5 days ago
🔥 $NXE, $BWXT, $VST on the watchlist as AI's power needs could spark a nuclear energy renaissance! #StockTwits 💡 $NXE preps for big uranium demand, exploring Canada's Rook I Project. Potential global leader with rising uranium prices. 🏗️ $BWXT serves crucial roles in US/UK navies & commercial nuclear sectors. As nuclear's TSMC, it's up 64% YTD, aiming higher with raised FY24 revenue targets. 🌱 $VST bolsters its nuclear fleet, becoming the US's 2nd largest. Strong dividend growth & strategic energy price hedging promise steady returns. 🚀 Dive into the nuclear future as AI power demands soar!
DonCorleone77
Posted - 5 days ago
$NXE From PR Newswire: "NexGen Announces Best Hole to Date (RK-24-222) and High-Grade Expansion at Patterson Corridor East Concluding a Successful 2024 Drilling Program" Key Points: -- NexGen's 2024 exploration campaign delivered a new discovery on Rook I at Patterson Corridor East ("PCE") 3.5km east of Arrow. -- Subsequent drilling has materially expanded the mineralized zone to 600 m strike length and 600 m vertical extent with 19 of 30 holes intersecting mineralization including 10 holes with multiple intervals >10,000 cps. -- Today's announcement highlights the best hole to date at PCE (RK-24-222) returns 17.0 m wide vein with multiple high intensity (>61,000 cps) occurrences. -- In 2024, PCE is the largest drill program in the Athabasca Basin by any Company at 34,000 meters (m). Link to article: https://finance.yahoo.com/news/nexgen-announces-best-hole-date-113000048.html
TeresaTrades
Posted - 5 days ago
Largest PUT OI decreases $SATS $NXE $MPW $PFE $DM
whiskee
Posted - 5 days ago
$NXE
Ryhyde832
Posted - 6 days ago
$NXE good bounce back
Money4me2day
Posted - 6 days ago
$AMC $GME $BORR $NXE $DOGE.X. 💯💯💯 $50 Bucks Under TRUMP 1st Term Buy Cheap I Say We All Get Richer
TeresaTrades
Posted - 6 days ago
Largest PUT OI increases $BLMN $MPW $ZI $AEO $NXE
Ryhyde832
Posted - 1 week ago
$NXE
Qadri007
Posted - 1 week ago
$NXE earnings are good, but why drop?
Ray68
Posted - 1 week ago
$NXE
MicsMugz
Posted - 1 week ago
$NXE $AGNC $SMCI $HUN $PFE Big Whales are Buying!
DonCorleone77
Posted - 1 week ago
$NXE $OPRA $GFL $MGNI $DAWN Ironically, today both GFL and DAWN are both trying to break of the bases I referenced in my post below. GFL chart is attached.
TeresaTrades
Posted - 1 week ago
Largest PUT OI decreases $HUN $NXE $AGNC $SMCI $PFE
DonCorleone77
Posted - 1 week ago
$SRUUF $NXE $CCJ $URNM $URNJ This is from yesterday's 'RBC Uranium Watch': Uranium equities down on weaker spot and slower nuclear sentiment -- Our view: Uranium equities traded off this week on a retreat in uranium spot prices, a pullback in nuclear sentiment, and risk off sentiment ahead of the US election. While spot uranium prices softened, spot conversion prices were up again on extremely tight supply, rising to $85/kgU while term conversion prices assessed by TradeTech also increased +$4/kgU to $50/kgU. Kazatomprom reported Q3 operational results producing 5,894tU (+2% q/q, +16% y/y) and reiterated production guidance. US nuclear sentiment saw a temporary pause as the US Federal Energy Regulatory Commission rejected the Amazon/Talen nuclear power agreement (earlier this year Amazon paid $650M for a 960MW datacenter powered by the Susquehanna nuclear power plant in PA while Meta's plans to build a nuclear-powered datacenter were interrupted due to the discovery of rare bees at the planned site (FT). On a positive note, Westinghouse signed an agreement to build two AP1000 reactors at the Kozloduy nuclear power plant in Bulgaria. Lastly in Germany, the opposition Union alliance of the CDU/CSU parties released a new energy plan that calls for restarting shuttered reactors and building new small modular reactors to meet energy demand.
StockQuen
Posted - 1 week ago
$NXE $OPRA $GFL $MGNI $DAWN
