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John Quakes Profile picture
@quakes99
Oct 1, 2020 • 6 tweets • 8 min read • Read on X
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#Uranium Market Update in a nutshell🥜 #U3O8 continues to be a best performing commodity of 2020, up 25% YTD, up 69% from its bottom in November 2016.🐂📈 #Nuclear power growth remains robust ⚛️🏗️↗️ Demand at 182M lbs/yr & rising, Supply deficit ~60M lbs, -317M lbs by 2026⛏️⏬🗜️
#Uranium has strong #bullish outlook 🐂🔮 #Nuclear utility contracting has been below normal for past 8 yrs. Re-stocking cycle overdue with growing uncovered demand & delayed Long-term contracting since 2012.⌛️
With such strong #Uranium supply/demand fundamentals, why is #U3O8 market rebalance taking so long? 🤔 Trade Issues, Russian Suspension Agreement, #COVID19 have sidelined #nuclear utilities BUT trade issues nearing resolution, utilities getting back to work, #China going all-in🏗️
Secondary Supplies have been holding back #Uranium price response.🌧️ But inventory drawdown has accelerated, #Japan restarts coming, Kazatomprom has abandoned Spot #U3O8 market sales, Carry trades harder to execute.🐂 #Nuclear getting #CarbonFree #GreenEnergy & #SMR boost.🌞⚛️↗️
With #Uranium mines shutting down in #Niger & #Australia next year, while #Nuclear fuel demand rises ↕️ there is a growing "Market Appetite" for new #U3O8 mines to fill supply gap.⛏️ But, U price too low to stimulate new production... needs to double to bring new mines online💲⏫
Current #Uranium Market can be described as a Spring Coiling Ever Tighter🗜️ - Whether it 'Pops' not a question of 'If' but 'When?' ⌛️⤴️ #Nuclear demand robust & growing, falling production accelerating market rebalancing, re-stocking cycle delayed & looming, new mines needed.🐂🚀

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More from @quakes99

John Quakes Profile picture
Feb 12
If U are a newbie👶 unfamiliar with #Uranium, a commodity unlike any other with its own unique concepts & terminology such as #U3O8, Conversion, #UF6 & enrichment SWU😖 then this Tutorial thread👨‍🏫 on the #Nuclear fuel cycle♻️⚛️⛏️ may help U to ride the bull wave!🌊🏄🤠🐂🧵👇../2 Image
2) #Uranium is a very different fuel unlike #coal & #gas that are burned "as is" in #electricity power plants.🏭⚡️ #Nuclear fuel needs to be specially processed and then packaged into fuel rods that are then loaded into reactors to generate #CarbonFree electricity.🌞⚛️⚡️👇../3 Image
3)Mined #Uranium⛏️is processed into drums of Yellow Cake #U3O8🛢️that in the West are shipped🚢🚛 to plants in Canada, US & France for "Conversion" into a gas form called #UF6 which is then shipped in cylinders🚛 to plants in US & Europe for "Enrichment" into #Nuclear fuel⚛️👇../4 Image
Read 14 tweets
John Quakes Profile picture
Jan 25
1) With #Uranium Explorers mobilizing for winter drilling in #Canada's #AthabascaBasin⛏️ it's time⏳ for a thread on how to interpret drill data🗒️ coming soon in news releases.📰 Misunderstanding data can lead to missed opportunities.💰😟 Maybe I can help U get ready!👨‍🏫🧵👇.../2 Image
2) #Uranium explorers drill rock core samples looking for signs of #U3O8 bearing ore.🧐 Rarely do they hit high-grade on first few attempts.😟 Geologists first look for visual signs in the core samples. Here's a description from pre-discovery 2013 drilling at $NXE's Arrow👇.../3

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3) Visual inspection of core samples is just 1 of many steps taken to see if #uranium is found. Presence of radioactivity is best indicator☢️ so all cores are scanned with an instrument called a Hand-held Scintillometer to produce "Scint" CPS tables for each core interval.🗒️.../4Image
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Read 11 tweets
John Quakes Profile picture
Jan 16
If you've heard about #Uranium soaring past $100 to 16-year highs💯🎇🦻🐦 amidst a global #Nuclear #energy resurgence⤴️⚛️bringing unprecedented U demand⛏️🛒 and wonder how U can invest💵🤔 in U #mining #stocks famous for spectacular gains🎆💰😃 here's a🧵on ways U can play.🤠🐂👇 Image
If you're just beginning to invest in #Uranium #mining #stocks👶 then a great starter🥣 is #investing in a 100% Pure-Play Uranium ETF: $URNM 🇺🇸🇬🇧🇦🇺 or Horizons Global Uranium Index ETF $HURA 🇨🇦 giving U broad #U3O8 sector exposure⛏️😃 while U do your research📚🧐👇#Nuclear⚛️🤠🐂
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The world's largest and most liquid #Uranium ETF with $2.8 Billion AUM💰 is offered by Global X but is weighted at only 70% U #stocks⚠️ with the other 30% for #Nuclear component makers⚛️🏭 & generic miners⛏️at ticker $URA 🇺🇸 also offered as $URNU 🇬🇧 and $ATOM 🇦🇺 🤠🐂 Image
Read 11 tweets
John Quakes Profile picture
Nov 19, 2023
If you've heard about #Uranium breaking out to new 15-year highs🎇🦻🐦 amidst a global #Nuclear #energy resurgence⤴️⚛️ bringing unprecedented U demand⛏️🛒 and wonder how U can invest💵🤔 in U #mining #stocks famous for spectacular gains🎆💰😃 here's a🧵on the ways U can play.🤠👇 Image
If you're just beginning to invest in #Uranium #mining #stocks👶 then a great starter🥣 is #investing in a 100% Pure-Play Uranium ETF: $URNM 🇺🇸🇬🇧🇦🇺 or Horizons Global Uranium Index ETF $HURA 🇨🇦 giving U broad #U3O8 sector exposure⛏️😃 while U do your research📚🧐👇#Nuclear⚛️🤠🐂
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The world's largest and most liquid #Uranium ETF with $2.4 Billion AUM💰 is offered by Global X but is weighted at only 70% U #stocks⚠️ with the other 30% for #Nuclear component makers⚛️🏭 & generic miners⛏️at ticker $URA 🇺🇸 also offered as $URNU 🇬🇧 and $ATOM 🇦🇺 🤠🐂 Image
Read 12 tweets
John Quakes Profile picture
Aug 27, 2023
If you've heard about a global #Nuclear #energy resurgence⤴️⚛️👂🐦 driving demand for #Uranium that's in a deep supply deficit⤵️⛏️ and wonder how U can invest💵🤔 in this tiny #mining #stocks sector famous for spectacular gains🎆💰😃 here's a🧵 on the various ways U can play.🤠👇 Image
To build your own #Uranium #mining #stocks portfolio📂 of #U3O8 equities traded in #Canada, #USA, #Australia & #UK🛒 U could choose from the holdings of 100% pure-play '@Sprott Uranium Miners ETF' $URNM 🇺🇸🇦🇺🇬🇧🛒⚛️⛏️🤠🐂 #Nuclear #investing #NetZero #ESG🏄‍♂️ sprottetfs.com/urnm-sprott-ur…

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Lowest risk #Uranium #investing option🦺 is a Fund that stacks raw #Nuclear fuel #U3O8🏦⚛️ providing direct 1-to-1 exposure to U3O8 Spot price.📈👯 In North America that's @Sprott Physical Uranium Trust (TSX: $U.UN $U.U OTC: $SRUUF)🇺🇸🇨🇦 & in #UK Yellow Cake plc (AIM: $YCA)🇬🇧🛒⛏️
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Read 12 tweets
John Quakes Profile picture
Jul 16, 2023
Quantifying #Uranium demand:🧵🛒⚛️⛏️🧮 I see investors using a wide range of figures when it comes to calculating estimates for U demand.↕️ What are the sources of Uranium demand today & in future, apart from what's consumed each year by #Nuclear reactors?🤔 Let's explore!🧑‍🏫../2 Image
2) First let's make sure we understand the terms used to express #Uranium quantities.🤬 #Nuclear fuel requirements are usually quoted as 'metric tonnes of U' => 'MT U' or 'tU' ⚖️ but miners fill drums of yellow cake🛢️ which is #U3O8 that's not pure U so we must convert.🧮../3 Image
3) TradeTech provides a handy conversion table to convert #Uranium quantities between tU & lbs #U3O8.📊 One tU is contained in 2599.79 lbs of #U3O8, so if a reactor consumes 200 tU per year it needs approx 200x2600 = 520,000 lbs drummed #U3O8 to supply that.🛢️⚛️⛏️ Got it?😀 ../4 Image
Read 12 tweets

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