Fission Uranium Corp T.FCU

from the EFR site

[plimbo23]

"While we are pleased with the long-term prospects available to established U.S. uranium producers like Energy Fuels, the shorter-term picture for the U.S. uranium industry still remains uncertain. Even though Commerce has negotiated lower quotas starting in the mid-2020's, the agreement allows for the 'grandfathering' of existing contracts between U.S. nuclear utilities and Russian state-owned enterprises, which will actually result in Russian uranium imports into the U.S. increasing during the next three years, before decreasing in the mid 2020's.

[Dreaminthedream]

Plimbo. Your post supports my solid thesis that there is no shortage in Uranium and no bull market in sight. Mid 2020's is a long ways off for most of us. No wonder the spot price is dragging and the futures market is sick right out to 2025. A recent post on Twitter pointed out that the US Utilities currently have healthy uranium inventories. FCU will be long out of cash by the time any

[Greenday]

@ Dreamer - Thesis?  LOL.  Bank of America Merrill Lynch reported week that demand is set to increase in 2021 as contract coverage ends for numerous utilities and contract coverage represents 50% of their fuel cycle.  So without supply contracts from producers, where will their uranium shipments come from?  Your thesis is different than Bank of America's.

[Dreaminthedream]

It appears that no one really knows where the nuclear power plants have been getting their uranium supplies from for the last few years. That is one of the reasons uranium has been such a difficult commodity to follow and understand. Even the famous Rick Rule admitted the market is very opaque. So where will the power plants get uranium in the future? Probably from the same place they have been

[MegaMAxTZ]

Dreamer, your simply wrong.  Now in for 6 years myself so yes this is a difficult one to be patient. But suggesting that it is likely to be at least another 6 years (2026) before things improve ?? You suggesting that 1.1 Billion LBS are above ground right now ? And nobody as in nobody in 2005 predicted the U spot spike in 2007. Going to see a spike in this one - nobody knows for sure but it