Another major extension for a couple #nuclear reactors. Instead of 5yrs, 8yrs for these two it will be yrs each. So, was 13yrs x 500k lbs, now 56years x 500k lbs of #uranium ~21.5 mln lbs of added demand. Just like that… world-nuclear-news.org/Articles/Fortu…
Restarts, extensions and new builds will just keep coming. With these Finnish reactors having been planned to shut down in a relatively short time they will likely have little to no surplus fuel beyond the expected life. Given the 2 yr fabrication cycle and obvious concerns…
About availability of conversion, enrichment and fabrication capacity due to Russian sanctions and Geo risk, aggressive #uranium contracting will need to occur quickly to make sure supplies are available and in the fuel cycle asap
It’s these extensions and restarts that will really ramp up demand fast. Blow the doors off the supply demand models that are so wrong it’s comical. #uranium price is set for and epic fast run to $200/lb and could see unimaginable heights given Russian sanctions and energy costs
There is really no price that won’t be paid to keep these reactors operating. $200, $500, $1000. Even $2000/lb would yield much cheaper operating costs thanks current electricity prices in Europe
We could easily see prices 2x-3x in just a couple of weeks as USA is poised to ban Russian #uranium and related services.
Hold on tight. It’s gonna get wild
Hold on tight. It’s gonna get wild
Just for perspective… just these two Finnish reactors life extensions would consume half of paladins mine production for all of its peak years 
When you start adding up all the restarts, extensions and new builds… it’s mind blowing. Few do the math. It’s crazy how bullish the numbers are. All known mining projects that even have a small chance of being permitted are needed two to three times over. It’s wildly bullish.
Best commodity story all time, ever, by far
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