DonCorleone77 Posted - 14 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.

Winning_calls Posted - 2 days ago

$SRUUF 😘😘

Michaelheaven Posted - 2 days ago

$SRUUF do what you want it is your money...but....."RUSSIA HAS IMPOSED TEMPORARY RESTRICTIONS ON THE EXPORT OF ENRICHED URANIUM TO THE US."

Winning_calls Posted - 4 days ago

$SRUUF 🤞👆

Lord_of_Uranium Posted - 4 days ago

$SRUUF 7,500 shares. Let’s go!

Winning_calls Posted - 4 days ago

$SRUUF pick me up @ $18.45😘

Widening_Gyre Posted - 5 days ago

$DNN $NXE $URNM all pumping today after a morning lull. Huge morning for $SRUUF so far as well.

MattAI Posted - 5 days ago

$SRUUF I started this position back in 2020 and then randomly decided to add to it this morning after seeing it was down like 30% from the peak and I’m already up 5%+ 🚀

trent1229 Posted - 5 days ago

$SRUUF REVERSAL!

Michaelheaven Posted - 5 days ago

$SRUUF bought into the fund...safest way to play uranium

sm1111 Posted - 1 week ago

$SRUUF Starting a position here

DonCorleone77 Posted - 1 week ago

$CCJ $GEV $SRUUF $URNM $URNJ Personally, I found it interesting that, on GE Vernova's 3Q24 earnings call in October, management started with the following quote: “We are in the early innings of an investment super cycle in the expansion and decarbonization of the electric power system, driven by increasing demand for power, increased focus on energy security and rising grid investments." IMHO, among other things, this speak well for the potential future growth in nuclear power.

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.

DonCorleone77 Posted - 2 weeks ago

$SRUUF $NXE $URNM $URNJ $CCJ Interesting...... https://x.com/Atomicrod/status/1851259605935849676

thisghy Posted - 10/29/24

$SRUUF wtf happened to the bull run?

AskLou Posted - 10/28/24

@DonCorleone77 $SRUUF custodian is $RY

DonCorleone77 Posted - 10/27/24

$SRUUF $NXE $CCJ $URNM $CEG Attached is page 1 of an RBC 'Uranium Watch' report on the uranium sector from 10/22/24 entitled: "Uranium equities rally on strong nuclear sentiment" RBC's view from the report was the following, which I believe is a pretty insightful: "Our view: Uranium equities were up sharply over the past week on improving sentiment from the underlying nuclear complex. Investors were upbeat on nuclear following news that Amazon signed several agreements to support funding and development of the X-energy Xe-100 SMR, and an agreement with US utility Dominion to explore SMR deployment in Virginia. Separately, Google and Kairos Power announced a partnership to develop and deploy the Kairos Power Fluoride Salt-cooled High-temperature reactor. While these projects, including the Microsoft/Constellation partnership to re-start Three Mile Island 1 are relatively modest compared to the global nuclear/uranium market and longer dated, we think they add to increasing momentum behind growth in nuclear energy and potential for new nuclear builds in the US which we would view as positive long term drivers for the sector. However, near-term spot market activity remains relatively muted, with most activity tied to financial buying, which we believe is partly due to solid inventory and contract coverage for utilities in the nearto- medium term."

TraderIsaac Posted - 10/23/24

$SRUUF If uranium is theme in 2025, hard to believe this doesn't start to move up. Need $RDDT traders to find it. https://share.trendspider.com/chart/SRUUF/77743mnaojs

Napalm1 Posted - 10/22/24

The longer producers/intermediaries/utilities wait to finance lot of well advanced uranium projects, the more their operational inventories AS A GROUP ⬇️, the more explosive the coming fight for lbs from primary supply will be That’s why I’m big buyer of U.UN and YCA Pure math I’m not talking about an event many years from now All major producers & couple smaller ones are all selling more uranium to clients than they produce. The uranium they don’t have, reduces their operational inventory day by day, until they are forced to tell clients: “Go look for lbs elsewhere” Who is going to greatly benefit from this at sales & cash flow level? #uranium companies gradually increasing production with lbs not contracted yet: DNN (180k lb in2025), PEN (prod start in December2024), LOT (prod start in Q3 2025), UEC, EU, GLO (prod start early 2026) $URNJ $SRUUF $UROY $UUUU $MGA.TSX

Napalm1 Posted - 10/21/24

DNN & Orano restart small uranium production of McClean Lake North in2025 I expect Orano to buy the 22.5% stake (180k lb) of DNN in 800k lb annual uranium production at spotprice Utilities & producers fighting each other over lbs from primary prod of others Majors will ask lbs from Peninsula Energy, Lotus Resources, Encore Energy, Denison Mines(180k lb/y), Uranium Energy Corp. And starting 2026 Global Atomic too will also be asked by majors to sell them uranium Note: Those additional uranium productions in 2025-2026 will not solve the annual ~40 million supply gap and growing. But will be big wins for those smaller uranium producers $URNJ $SRUUF $UROY $UUUU $MGA.TSX

DonCorleone77 Posted - 10/21/24

$SRUUF $URNM $NXE $CCJ $UEC From Bloomberg: "Taiwan Signals Openness to Nuclear Power Amid Surging AI Demand" -- AI boom, tensions with China motivate rethink of nuclear power -- Safe nuclear power is key, Taiwan’s premier says in interview Taiwan is “very open” to using new nuclear technology to meet surging demand from chipmakers devouring electricity in the AI boom, according to Premier Cho Jung-tai — one of the strongest signs yet that the government is rethinking its opposition to reactors. “As long as there is a consensus within Taiwan on nuclear safety and a good direction and guarantees for handling nuclear waste, with this strong consensus, we can have a public discussion,” Cho said in an interview with Bloomberg News. “We hope that Taiwan can also catch up with global trends and new nuclear technologies,” Cho said on Thursday, while also reiterating his view that “Taiwan will have no issues with power supply for industries before 2030.” Cho’s comments underscore what appears to be a shift by a government that has opposed using nuclear for safety reasons. Public support for using reactors in Taiwan plunged in 2011 when neighboring Japan was struck by an earthquake that wrecked the Fukushima plant, leading to a crisis Tokyo is still sorting out. The opposition to nuclear power is getting harder to maintain given the incessant demand that the artificial intelligence boom is placing on chipmakers like Taiwan Semiconductor Manufacturing Co. Taiwan has raised electricity prices twice this year, with the latest being a 12.5% increase for industrial users that began earlier this month. Still, TSMC Chief Executive Officer C. C. Wei said during a post-earnings call Thursday that the company has been assured by the government it will have enough electricity, water and land to support expansion. Taiwan isn’t alone in taking a closer look at nuclear to boost power supply. Microsoft Corp. is helping revive the shuttered Three Mile Island nuclear plant in Pennsylvania by agreeing to buy all the output. Meanwhile, Alphabet Inc.’s Google and Amazon are both investing in next-generation nuclear technology. The Philippines and South Korea have also agreed to conduct a feasibility study on possibly rehabbing the Southeast Asian nation’s mothballed nuclear plant. Taiwan’s rethink also comes as China’s military has staged drills that appear to simulate a blockade of the self-ruled island that’s home to 23 million people. Though there are no signs of imminent conflict, the risk of Taiwan being cut off from important energy supplies is one that officials such as Cho must consider. Underscoring the interest in someday embracing nuclear power, the 65-year-old Cho said he’d ask the state-backed power provider to make sure that personnel from the archipelago’s decommissioned reactors stay in their jobs. Taiwan is set to close its last nuclear reactor in the spring. “This is because we need to prepare for future nuclear technology developments and to respond to any potential legal changes in Taiwan,” Cho said. -- TSMC -- In addition to boosting power demand, surging global investment in AI has also put Taiwan’s chipmakers, especially TSMC, in the spotlight because they make the vast majority of the world’s most-advanced semiconductors. The US, Japan and other governments have in turn sought to lure TSMC to build chip plants on their soil. The government of Taiwanese President Lai Ching-te, of which Cho is a member, has been fine with TSMC’s overseas expansion. In Thursday’s interview, Cho linked that expansion to Taiwan’s efforts to build stronger ties with like-minded democracies to counter China, which claims the island as its territory and has pledged to eventually bring it under Beijing’s control, by force if necessary. That said, Cho also hopes firms like Nvidia Corp., Infineon Technologies AG and Advanced Micro Devices Inc. will open R&D facilities in Taiwan. “Taiwan’s economic resiliency comes from the partnership we have with friendly countries,” he said. “We have a strong vertically integrated supply chain. This is why we believe Taiwan can play an important role in the democratic supply chain.” -- Defense -- Of course, Taiwan’s efforts to bolster its security go beyond semiconductors. The government announced plans in August to lift defense spending to a record in 2025 – the eighth straight year of increases. The total figure would account for 2.45% of estimated GDP next year, in line with recent years and greater than the 2% target for NATO countries. That hasn’t satisfied everyone. Former US President Donald Trump recently made comments to a columnist for the Washington Post that suggested Taiwan should boost spending on its armed forces to 10% of GDP. Cho, a former chairman of the ruling Democratic Progressive Party, said in response, “While we cannot allocate 10% of GDP to defense in one go, we have increased the budget compared to the past.” “We also hope that through Taiwan’s efforts, the world will recognize Taiwan’s determination and provide greater support,” he added. In the interview, Cho also reiterated the government’s desire to expand defense ties with the US and other nations, which are looking to reduce their supply-chain links to China. One example he mentioned was that Taiwan recently hosted a number of executives from overseas drone makers. If successful, the strategy would create more incentive for those governments to come to Taiwan’s aid in an emergency. “Because Taiwan understands its role in the democratic supply chain and the world’s reliance on Taiwan, I often say that the more Taiwan is needed, the more important it becomes,” Cho said. “We are continuously moving forward on this path.”

thisghy Posted - 1 month ago

$SRUUF how the fuck are we always down on days where the entire sector is green on good news???

Napalm1 Posted - 1 month ago

Olympic Dam also producing less than hoped $URNJ $SRUUF $UROY $UUUU $FSY.TSX

Napalm1 Posted - 1 month ago

Holdings like Mega Uranium, Forsys Metals, SkyHarbour,… react more on cash inflows in the uranium sector ETFs than large cap holdings of those ETFs Inflows coming $URNJ $SRUUF $UROY $UUUU $MGA.TSX

Napalm1 Posted - 1 month ago

Market caps: Amazon: 1.949 trillion USD Microsoft: 3.082 trillion USD Google: 2.031 trillion USD Combined market cap of ENTIRE uranium sector:~80 billion USD U.UN (SRUUF): 5.429B USD YCA: 1.269B GBP 1y fuel for 1000 Mwe reactor: 450k-500k lb/y * 200 USD/lb = only ~95 million USD $URNJ $SRUUF $UROY $UUUU $MGA.TSX https://x.com/napalm_1_/status/1845971108513960084?s=12&t=HC3QWmu_44Q8FH4a5HcAmg

4cast Posted - 1 month ago

$SRUUF $URNJ $UROY $UUUU

DonCorleone77 Posted - 1 month ago

$AMZN $TLN $D $LEU $SRUUF Amazon announces three new agreements to support development of nuclear energy In a blog post, Amazon (AMZN) said "we're announcing that we've signed three new agreements to support the development of nuclear energy projects - including enabling the construction of several new Small Modular Reactors - or SMRs. SMRs are an advanced kind of nuclear reactor with a smaller physical footprint, allowing them to be built closer to the grid. They also have faster build times than traditional reactors, allowing them to come online sooner... In Washington, our agreement with Energy Northwest, a consortium of state public utilities, will enable the development of four advanced SMRs. The reactors will be constructed, owned and operated by Energy Northwest, and are expected to generate roughly 320 megawatts (MW) of capacity for the first phase of the project, with the option to increase to 960 MW total-enough to power the equivalent of more than 770,000 U.S. homes. These projects will help meet the forecasted energy needs of the Pacific Northwest beginning in the early 2030s. We're also making an investment in X-energy, a leading developer of next-generation SMR reactors and fuel, and X-energy's advanced nuclear reactor design will be used in the Energy Northwest project. The investment includes manufacturing capacity to develop the SMR equipment to support more than five gigawatts of new nuclear energy projects utilizing X-energy's technology. In Virginia, we've signed an agreement with utility company Dominion Energy to explore the development of an SMR project near Dominion's existing North Anna nuclear power station. This will bring at least 300 megawatts of power to the Virginia region, where Dominion projects that power demands will increase by 85% over the next 15 years. We also previously signed an agreement to co-locate a data center facility next to the Talen Energy's nuclear facility in Pennsylvania, which will directly power our data centers with carbon-free energy, and helps preserve this existing reactor."

Napalm1 Posted - 1 month ago

Forsys Metals is cheap at the moment compared to peers in that same region. I will soon post some details on this uranium developer $URNJ $SRUUF $UROY $UUUU $FSY.TSX

Napalm1 Posted - 1 month ago

When I calculated the Net Asset Value of Mega Uranium MGA, it was based on a share price of 8.90 CAD/sh for Nexgen Energy NXE Today NXE share price is ~9.95 CAD/sh instead of the 8.90 CAD/sh used in September Mega Uranium’s discount to NAV is ~37.5%. That’s is very big discount => MGA will catch up $URNJ $SRUUF $UROY $UUUU $MGA.TSX

nooneknowswhy Posted - 1 month ago

$UUUU $UROY $SRUUF $URNJ