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Uranium Energy Corp UEC

Uranium Energy Corp. is a uranium mining company. It advances its In-Situ Recovery (ISR) mining uranium projects in the United States and conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects. Additionally, it has diversified uranium holdings, including uranium portfolios of North American warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. The Texas Hub and Spoke Project includes Hobson Central Processing Plant (CPP), Burke Hollow, Goliad, Palangana, and Salvo. The Wyoming Asset Hub and Spoke In-Situ Recovery Project includes Christensen Ranch and Irigaray (Willow Creek), Moore Ranch, Ludeman, Allemand-Ross, and others. It also owns Sweetwater Plant, Red Desert Uranium Project and Green Mountain Uranium Project.


NYSEAM:UEC - Post by User

Post by GSTbay1060on Sep 21, 2024 9:31am
97 Views
Post# 36234523

This weekend

This weekend Many folks will be pondering the future of the Uranium market. We continue to have a flood of good news, example, Three Mile Island restart.. Now I view myself as an optimistic person. But NEVER did I think that TMI would ever restart!!!! NEVER!!! In having this come online by 2028 where will they source the fuel?? Can they share with other reactors??? Do they need an initial core load of three times yearly consumption to get started??  They are a big player and I am quite sure that they have already started looking for suppliers.. So why hasn't the commodity price moved???? The cycle of buy starts mid October when fuel buyers are allocated their money.. I wonder if they are getting ready for a change.. In the past they have been in control due to the over supply. Now with a structural deficit, growing demand and geopolitical tensions one would think they are seeing that their path to a secure supply of fuel is more tenuous today than ever. So when the fuel buyers , or sprott  or other institutions come into the market this will get much more interesting. Till then I remain optimistic. Oh I forgot about the shorters, do you think they feel good this weekend waiting for the markets to open Monday???
glta
dyodd


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