1/10) Prior to last week's #Uranium sector retreat😱 #Nuclear fuel consultants UxC & TradeTech forecasted deep multi-year U supply deficits with 200M lbs demand vs 135M lbs mined #U3O8 supply + 25M lbs of Secondary Supply that will be dropping due to pivot from #Russia⚠️ A🧵4U👇2
2) World #Nuclear Association was reporting 439 operable reactors (392 GW) + 56 more under construction (62GW)⚛️🏗️ with 26 expected to come online this year & next.⚡️🌞 96 more in advanced planning/ordered + 325 proposed🧾 for projected +2.6%/yr growth rate↗️🏗️🤠🐂 #Uranium🧵👇3
3) On Monday #Pakistan announced that a new 1100MW 'Hualong One' #Nuclear reactor built with #China had begun commercial operation⚛️⚡️ which will consume circa 0.5Million lbs of #U3O8#Uranium per year delivering #CarbonFree#electricity for the next 60+ years.🌞🇵🇰⛏️🤠🐂 🧵👇4
4) On Tuesday, Biden admin launched a $6 Billion Civil #Nuclear Credit program aimed at preventing premature closures of economically at-risk US reactors.💰⚛️🚑 #Michigan's Governor is applying to prevent May closure of Palisades NPP=> more unexpected US #Uranium demand.⛏️🤠🇺🇸👇5
5) On Wednesday, #China announced approvals to build 6 new #Nuclear reactors this year that are expected to add around 7.5 Gigawatts of new #CarbonFree#electricity⚡️ that will consume about 3.5 Million lbs of #U3O8#Uranium per year for 60+ years (>200M lbs total)🌞⚛️⛏️🤠🐂🧵👇6
6) On Wednesday #SouthKorea's new president-elect reaffirmed plan to reverse planned phaseout of the nation's 24 #Nuclear reactors↪️⚛️🇰🇷 announcing policy change to allow 18 reactors to be life-extended, adding about 8.3M lbs per year of future unanticipated #Uranium demand.⛏️👇7
7) On Thursday, #India announced that approvals had been given to begin construction of 2 more 700MW indigenous #Nuclear reactors that will deliver 1.4GW of #CarbonFree clean #electricity⚡️ consuming about 0.5 Million lbs of #U3O8#Uranium per year for 40+ years.🇮🇳⚛️🏗️⬆️🤠🐂🧵👇8
8) On Thursday, #Poland received a first bid from #SouthKorea to build 8 new #Nuclear reactors of a combined capacity of 8.4 Gigawatts of #CarbonFree#electricity to support planned #coal exit🌞⚡️ consuming over 4 Million lbs per year of #Uranium#U3O8 for 60+ years⚛️🏗️⬆️⛏️🐂👇9
9)Last week Spot #Uranium was sucked down in a North American U #stocks & commodity meltdown🌪️ that shaved $8/lb off Ux #Uranium Futures Front Month contracts in an early "month-end smash"🔨 & panic selling😱 dropping to $56.60/lb⤵️🎆😲 🧵👇10
10)Take-away for the week:🥡 major growth in #Nuclear fuel demand⚛️⬆️ collides with drop in #Uranium price⛏️⬇️💥🔀 now >$20/lb below incentive U price to restart idle mines & build new ones, which further delays U supply response🐌 putting even more pressure on U supply/price🗜️🚀
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📝Dear fellow #Uranium & #Nuclear #energy enthusiasts,🤠
Six weeks ago I explained to U that I will be taking a sabbatical from TwiXtter to focus on pressing family issues👨👩👧👧 and personal needs.👴 However, after a very strong show of your support,🥰 I agreed to a compromise of tweeting out on weekends and chiming in when there was major sector news to cover.⚡️🔔😲 I wasn't expecting that to set off a non-stop stream of huge news items with major implications for Uranium #mining #stocks investors!📰🎆🤠🐂 Who opened the floodgates?🌊 Was that U?🫵😆 I've been putting my sabbatical on hold while trying to keep up!🏃♂️ It's been an amazing journey these past 6 weeks!🧑🚀🚀
😔However, at the moment I'm dealing with a serious health situation for a family member who is in the midst of a protracted period of treatment & recovery that will likely continue into next year.🩻🩺🧑⚕️🏥 I've been juggling my time to try to cover the many competing demands for my attention.🤹♂️ It's been impossible to step away from the incredible tsunami of bullish Nuclear & Uranium action of late😩 but I do need to cut way back on my TwiXtter time🐦💻✂️ and I will be absent altogether from time to time.🧳
To prepare U for my reduced TwiXtter news coverage and unavoidable absences, I gifted U a list of folks U should follow 🎁👾 and websites that U might want to visit for your research.📚🧐 Here they are again.🗒️👇 Turn on Notifications if U want to be notified by TwiXtter when your favourite follows are posting.🔔☑️😀
📝 These are some of the X accounts that I have turned on Notifications for that U might want to follow too.🔔👇 (Please don't take offense if you're not currently on my notification list.🙏)
1)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
2) #Uranium is very different from fuels like #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
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
1) U may feel gut-punched🥊 or prayers answered😇 by a #Uranium #mining #stocks pullback📉🎭 but every day now we see surging #Nuclear demand⏫⚛️🏗️ while a new US ban on Russian U🇷🇺🚢⛔️🇺🇸 adds even more need for Western #U3O8 in a deep supply deficit.🗜️⏬⛏️ Here's a thread 4U🧵👇
2)#Uranium is a commodity like no other🧬 with unique terminology such as #U3O8, Conversion, #UF6 & enrichment SWU😖 in a #Nuclear fuel cycle♻️⚛️⛏️ where price signals are now indicating huge incoming bull market waves🌊 that perhaps I can help U prepare to ride !🏄💰🤠🐂🧵👇../3
3) #Uranium is very different from fuels like #coal & #gas that are burned "as is" in #electricity power plants.🏭⚡️ #Nuclear fuel needs to be specially processed and packaged into fuel rods that are then loaded into reactors to generate #CarbonFree electricity.🌞⚛️⚡️🧵👇../4
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
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
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
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
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
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.🗒️.../4
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.🤠🐂👇
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⚛️🤠🐂
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 🇦🇺 🤠🐂