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Oct 2 • 5 tweets • 8 min read
1) The #Uranium #mining #stocks #investing thesis in a nutshell🥜🧵 is that after Fukushima the price of #U3O8 sank, new mine projects were cancelled, many mines closed, investment dropped 💰⤵️ as investors thought "#Nuclear #energy is dying"🪦 but they were wrong!✖️😯 .../2👇
2) #Nuclear #energy has grown steadily over past decade so that #Uranium demand today is back where it was before Fukushima.🌞⚛️🏗️↗️ A #Nuclear renaissance has been quietly underway for years📈 & has been kicked into high gear by the #ClimateCrisis & #EnergyCrisis.🏎️🏗️⏫ .../3👇
3) Rising #Nuclear demand🌞⚛️🏗️⤴️ as #Uranium supplies declined⛏️⤵️ has led to a massive mined supply deficit⏬ estimated earlier this year by industry consultants at ~65M lbs #U3O8 in 2022, partially offset by ~20M lbs of 'Secondary Supply' from other non-mined sources.⛏️.../4👇
4) But bringing idled & new large #Uranium mines into production will take far higher #U3O8 prices than the ~$49/lb today, especially as inflation raises the bar to $95+/lb for enough mine production to fix the deficit.💰⬆️⛏️ Meanwhile, operating mines are in decline.↘️🗜️.../5👇
5) Then #Russia invaded #Ukraine🪖 sparking an #EnergyCrisis⚡️😟 in midst of a global #Nuclear resurgence to get to #NetZero.🌞⚛️⤴️ #Uranium supply's been disrupted⛏️⤵️ in a pivot away from Russian U supply🇷🇺⛔️ creating shock-waves.🌊 More detailed🧵here:👇

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More from @quakes99

John Quakes Profile picture
Sep 11
Great news from #Ukraine😌 as all 6 reactors at #Zaporizhzhia #Nuclear plant are in cold shutdown -no fission reactions generating heat, no possibility of runaway chain reactions or other extreme events -making any "radiation release" extremely unlikely thanks to Fukushima ../2🧵
2)Fukushima Daiichi #nuclear reactors were 1960's vintage with no steel-reinforced concrete containment. A loss of backup power led to a hydrogen explosion & radiation release. After Fukushima, ZNPP reactors were upgraded to prevent that from ever happening at #Zaporizhzhia .../3
3)#ZaporizhzhiaNPP's "passive" hydrogen safety systems require no external power so that even if all backup power is lost there can be no hydrogen explosion as happened at Fukushima.🦺 ZNPP's steel-hardened containment domes remove the threat of #nuclear radiation "leaks"🌞 ../4
Read 4 tweets
John Quakes Profile picture
Sep 3
1)On Friday Congress was asked for $1.5 Billion in "emergency" funding for "acquisition and distribution of low-enriched #uranium(LEU) and high-assay LEU(HALEU)"🛒 "to address potential future shortfalls in access to Russian uranium and [#nuclear] fuel services"⚛️⛏️🇷🇺 A 🧵../2👇
2)US #Nuclear utilities send #Russia hundreds of $Millions per year under a "Russian Suspension Agreement" US government extended in 2020 that allows utilities to purchase & import 20% of their enriched #Uranium reactor fuel from Russia (about 10M lbs/yr #U3O8 equivalent)😯../3👇
3)US government wants to stop US #Nuclear industry from funding #Russia's war on #Ukraine but haven't yet banned the import of Russian #uranium because it would halt deliveries of 20% of US reactor fuel already in signed contracts, with alternative sources in short supply. ../4👇
Read 9 tweets
John Quakes Profile picture
Aug 21
1) While market meltdowns🫠 & #Ukraine war FUD😱 may be raining on #Uranium for now⛈️ a huge Shockwave💥 dubbed 'overfeeding'🍼 is already crashing thru the seemingly calm #Nuclear fuel market.🌀⚛️⛏️ I've created a Tutorial👨‍🏫🧵 to help prepare U to ride the coming wave.🌊🏄💰👇2
2) #Uranium is a very different fuel than #coal & #gas that are burned "as is" in #electricity power plants.🏭⚡️ #Nuclear reactor fuel needs to be specially processed & 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 reactor fuel.⚛️👇4
Read 26 tweets
John Quakes Profile picture
Aug 20
In 2017 #Kazakhstan cut its #Uranium production to -20% below max permitted levels for 3 years 2018-2020⚛️⛏️⤵️ extended 3 times since thru 2023.➡️ Yesterday they extended cuts thru 2024 at -10% below max levels↗️ as #U3O8 prices still don't signal a return to full production.🤠🐂
Tho #Kazakhstan says it's intending to begin to raise its #Uranium production 18 months from now in 2024🐌 they warned in their H1/2022 results yesterday that they may not be able to increase production in 2024⚠️ due to "significant challenges" created by global supply chains.🚛
Even if Kazatomprom $KAP & its JV partners can increase production in 2024, it's very unlikely any new supply will go to western utilities.⚠️ #Kazakhstan has a deal with #China to fill a 23,000tU (60 Million lbs #U3O8) #Uranium storage facility by 2026, taking all available lbs🇨🇳
Read 4 tweets
John Quakes Profile picture
Aug 14
1) The #Uranium #mining #stocks #investing thesis in a nutshell🥜🧵 is that after Fukushima the price of #U3O8 sank, new mine projects were cancelled, many mines closed, investment dropped 💰⤵️ as investors thought "#Nuclear #energy is dying"🪦 but they were wrong!✖️😯 .../2👇
2) #Nuclear #energy has actually been growing steadily over past decade so that #Uranium demand today is back where it was before Fukushima.🌞⚛️🏗️↗️ A #Nuclear renaissance has been quietly underway for years but few have noticed🤷 and it's set to grow for years to come!⏫ .../3👇
3) Rising #Nuclear demand🌞⚛️🏗️⤴️ as #Uranium supplies declined⛏️⤵️ has led to a massive mined supply deficit⏬ estimated earlier this year by industry consultants at ~65M lbs #U3O8 in 2022, partially offset by ~20M lbs of 'Secondary Supply' from other non-mined sources.⛏️.../4👇
Read 5 tweets
John Quakes Profile picture
Aug 12
Fellow $UEX holders,
After careful review🧐 it appears to me that UNLESS $UEX shareholders vote AGAINST the proposed takeover by #Uranium Energy $UEC on Monday at 10AM, Denison's Superior Proposal will become null & void and the bidding war will grind to a halt.⚔️⛔️ .../2
2) According to the terms of $UEC's Agreement with $UEX, they have 5 business days from August 9th in which to match Denison's Superior Proposal which, correct me if I'm wrong, is by 5PM Vancouver time on Monday, August 15, 5 hours AFTER the 10AM UEX shareholders meeting. .../3
3) IF that's the case then $UEC may not even present a matching offer to Denison's proposal prior to the $UEX shareholder meeting. If $UEX holders vote >66.6% FOR the $UEC takeover at that meeting "as recommended" then the deal is approved & no further bids will be considered../4
Read 5 tweets

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