Thread by @BambroughKevin

Some major #uranium projects/territories that banned or don’t allow Uranium mining

Jabiluka (Northern Territory, Australia)
Jahodná, (Slovakia)
Virginia (USA)
Kvanefjeld (Greenland)
Kivalliq (Canada)
Salamanca (Spain)
Westmoreland (Australia)
Navajo territory (USA)

If the Clearwater River Dene Nation prevent mining in their territory $NXE, $FCU, $STND mines projects as well as many other possibly sizeable exploration projects will be added to this list and the #uranium price will most certainly go parabolic

The importance of $NXE mine alone can’t be over stated. 28.8 mln lbs per year in the first 1-5 years 21.7mm lbs per year life of mine.

15% of current consumption 190mm lbs current annual

22%+ of current primary uranium production

Number one most new important mine expected

Utilities / Fuel Buyers are likely going to be forced to panic buy and drive the price of uranium up very high now. They must understand the massive risk they are collectively taking by not taking the price of uranium over $100/lb quickly.

The cloud of uncertainty over the mining projects in this large and extremely important territory will cause capital flow to be slowed if not halted to these projects. The nuclear industry must pay much more for #uranium so new mines are financed.

It’s very difficult to say how long this will take to be resolved but my gut says it is won’t be fast and it will at very least be costly. Multi billions in capex and shareholder value at stake here. The Clearwater River Dene Nation will likely want to move slowly

And extract maximum environmental protection and financial assurances/compensation. The First Nation people in Canada clearly want there voices heard, the history and horrors of the residential schools system has been front page news this past summer.

Canada indigenous people are simply sick and tired of being ignored and marginalized. I would think that anywhere they can get leverage to try to influence big corporations and government to help achieve there longer term goals they will use it.

Just over a decade ago, the largest and the third most populous reserve in Canada, the Kainai Nation (or Káínawa, or Blood Tribe) made me a Honorary Chief.

I have a deep understanding, respect and appreciation for the Indigenous people of Canada. Those calling this just a cash grab are both misguided and also incredibly disrespectful. The tribal council and it’s community leaders will be reading those sorts comments…

And you should know it will only strengthen there resolve to move slowly, carefully and with your attitudes in their minds. They will read the comments of disgruntled shareholders and likely want to educate you and teach you some respect.

Some have commented on Twitter that they would like to see me consult for a major uranium producer on negotiating for there long term uranium contracting. Well, best consider what someone like me would extract from Nexgen, Fission etc. You get one shot at these sorts of things.

If I was them I’d like to wait things out and see how much market cap is lost. Then ask for a significant piece of that lost market cap in cash/shares/royalty and permanent board seat representation.