Uranium Update Addressing the bear thesis

Uranium Update open.substack.com/pub/saadkhan...

Great summary of where we are in #Uranium. Would have liked to hear author's @saadkhan88 view on drummed inventory, conversion (UF6) and enrichment capacity/bottleneck and $SPUT. Worth a read.

Recently posted by Janet Sheriff below

Uranium Week: Let's Wait & See What Happens - FNArena.com Uranium markets have not been insulated from the swathe of uncertainty emanating from the White House, impacting both activity and pricing

fnarena.com/index.php/20...

4, The TradeTech Mid-Term U3O8 price stood at US$71/lb as of February 28, down from US$76/lb at January 31. The Long-Term price indicator came in at US$80/lb, down from US$82/lb at January-end.

The TradeTech cost price indicator for active producers remained unchanged over February at US$58.60/lb.

3. The term market has remained steady, but overall, utilities have equally pulled back, with fifteen transactions conducted, over 80% of the transactions involving just one delivery over the period from 2026 to 2028.

2. Buyers are on strike in what is described as a general “wait and see” mode, with volumes in the spot market coming in at 3.4mlbs for February as the average purchase volume declined to 50klbs.

1.According to industry consultants TradeTech, the #uranium #U3O8 spot price closed at US$64.50/lb at month-end, representing a decline of -US$6.75/lb over the month and a fall of -32.1% from this time last year.

Grant Isaac also said in a recent podcast that in the latest contracts (?) they made sure that the clause covering taxes/tariffs stated they are to be assumed by the customer ... When did that start? I do not know.