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Uranium Energy Corp. (UEC: NYSE American) is an independent U.S. uranium mining company. UEC controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The Company has a potential production profile of 4 million pounds of U.S.-origin U3O8 per year with room to expand. Chairman is former U.S. Energy Secretary, Spencer Abraham.

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Uranium Energy Corp. > Sprott Physical Uranium Trust

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Post by plumena3 on Jan 24, 2024 2:17pm

Sprott Physical Uranium Trust

``the Trust is actively
considering the introduction of a limited redemption feature on a not less than
annual basis, the implementation of limits on future treasury issuances of new trust
units and other measures with the objective of having the trust units trade more
consistently with its net asset value.``

https://sprott.com/media/6660/sput-press-release-2023-09-05.pdf

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Comment by GSTbay1060 on Jan 24, 2024 3:19pm

If you do the research you will see that they have abandoned the redemption idea for now. However in the future they may revisit it. glta dyodd

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Comment by MightyMorf on Jan 24, 2024 3:41pm

Yes but that doesn't fit Pickpocket's narrative. Doom & Gloom is all s/he see. LOL!

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Comment by ReactorOP on Jan 24, 2024 6:13pm

I could see why SPUT may want the ability to sell their Uranium inventory. If the lid blows off the spot price to some unsustainably high value say 400 dollars a pound. I’m sure they would want to dispose of some or all of it if they are legally able to.

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