The International Uranium Fuel Seminar started today in Charlotte, NC. It's the largest uranium conference in the US. Many Great presentations and conversations that I will be writing about. The mood is better this year with higher prices, but the big problems of hiring and lack of US Govt leadership still hang like dark clouds. A major topic is rumors of Rosatom not finding enough supply since depleted UF6 has stopped flowing there from Europe, and limited Kazatomprom production. Europe used to dump depleted UF6 back in Russia which supplied secondary material for re-enrichment, but no more. #uranium
I'm on a bus with @uraniuminsider Justin Huhn and Jason Polanski @polan13. We just toured the Westinghouse plant in Columbia, SC and saw a lot of fuel rods. You know I asked where their UF6 is coming from! Great hosts and great conversations! #uranium

Listening again to the recent Full Committee Hearing to Examine the Nuclear Fuel Cycle, I've realized it's more bullish than I thought. Senator Barrasso (00:52:00) asks the DoE what's REALLY causing the delay in their ...

#Uranium #Silex $SLX.AX $CCJ

energy.senate.gov/hearings/2023/… "inter-agency review process", to release the First Draft of their Solicitation for Fuel Acquisition Proposals for the HALEU Availability Program. He is suspicious of anti-nuclear politics at the OMB. But, I think the delay is actually at the NNSA (within the DoE).
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A major market catalyst for #uranium will be new conversion plant capacity coming online this year, since it will enable the transition to overfeeding by UF6 enrichment plants, which will create up to 20% higher U308 demand. That's needed just to keep ...

https://twitter.com/ClayDMontgomery/status/1584741232542040064?s=20

the existing commercial #nuclear fleet running, without continuing to import fuel from Russia.

ConverDyn's restart of the only US conversion plant is delayed to April, but it is secured by a 5-year, sole-source contract from the DoE/NNSA, as part of ...

exchangemonitor.com/nnsa-to-make-c…

1) A diagram to illustrate the huge transition occurring in the #uranium industry.

The lemonade business (fuel enrichment) used to be so bad that they were squeezing every lemon extra long and hard (underfeeding) to get every possible drop (of U235)... 2) But now, no one wants to use Russia's juicers (centrifuges) anymore and we don't have enough (SWU/enrichment capacity) in the West. So, to maintain the same production rate of lemonade (LEU), the lemons will be squeezed faster (overfeeding)...

#Silex just announced testing is complete and they will ship the First Full-Scale Laser System Module to the US by years end. They are building more of these lasers and Cameco's independent engineering assessment gives it a thumbs up! #uranium $SLX.AX ...

clients3.weblink.com.au/pdf/SLX/025614… These lasers were custom designed for the frequency and pulse rates required to pop fluorine atoms off of UF6 molecules of the U235 isotope. Process is 2-20X more efficient than gas centrifuges, so it's ideal for harvesting acres of depleted tails at ...

https://twitter.com/ClayDMontgomery/status/1459216439219560457?s=20&t=ZlIJrTGwK6ueiOjn3w8FIQ

I'm bullish on #uranium for the long-term. But, there is a significant bearish case for the next 2-3 years that needs some attention. It's a bit complex, but here it is. The short version is that the import ban on Russia is not happening. How do I know this? ... Prior to June, the DoE never spoke publicly about the risk of Russian nuclear fuel imports stopping, even though they supply at least 40% of US commercial EUP needs and this dependency has existed for 30 years. The DoE still claims it's 20%, but it's at least 39% according to ...

Dr. Kathryn Huff (@katyhuff), the DoE's Assistant Secretary for Nuclear Energy was just added (tentatively) to speak at the @NEI Nuclear Fuel Forum in DC on July 19. Seems like a good venue to make a big announcement on the DoE's new #nuclear fuel ...

nei.org/conferences/nu… plan, which Dr. Huff has been leading for several months now.

I'm flabbergasted that this plan has received so little attention from most #energy analysts and Congress, considering months of hints from the DoE and leaks via Bloomberg about the size ($4.3 Billion) of the plan ...