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Uranium Energy Corp UEC

Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade 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 projects, including Henday Lake, Carswell, and Milliken.


NYSEAM:UEC - Post by User

Post by mangoeon Nov 17, 2024 3:52pm
104 Views
Post# 36317276

Late on Friday afternoon the news that Russia has made ❗

Late on Friday afternoon the news that Russia has made ❗


Nick Lawson
@lawse -




Late on Friday afternoon the news that Russia has made good on their previous threat from September to introduce an export ban on $uranium to the US saw the spot price move $3 higher.

It provided the largest positive daily move in the spot price since January when Kazatomprom announced a downwards revision of its 2024 guidance.

In 2006 when Cameco’s Cigar Lake flooded the uranium price rallied 7x in 6 months as utilities rushed to buy uranium head-to-head with the apex predators - hedge funds.

The chart enclosed shows you where upstream oxide prices will go as frontend EUP has rallied close to 400% since Russia’s invasion.
Ben and I are now believe the Cigar Lake moment is here again.
 
 

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