Warren Irwin Eats CrowNXE's announcement today that it will purchase 2.7 million pounds of uranium in the market has Irwin eating crow on X. Before the uranium rally was in gear, Irwin had stated that there was a billion pounds of uranium inventory sitting on the sidelines ready to enter the market at any time. Much of that inventory was to come from NXE.
Seems the truth is that NXE begs to differ with Irwin. The billion pounds of mobile inventory that Irwin spoke of is nowhere to be seen and NXE has chosen to buy uranium from the market now as it does not believe the billion pounds will show up and it needs above ground inventory before it can market Arrow uranium to prospective customers. If NXE thought that the billion pounds would be available when they needed it, they'd have no reason to be buying uranium from the market today.