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John Quakes Profile picture
@quakes99
Apr 24, 2022 • 10 tweets • 14 min read • Read on X
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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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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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