New Dawn for Nuclear Energy, page-2

Just think about this!


Uranium Marketing Annual Report - - EIA
www.eia.gov › uranium › marketing
May 26, 2020 — Also at the end of 2019, unfilled uranium market requirements for 2020 through 2029 totaled 207 million pounds U3O8e (Table 11). These contracted deliveries and unfilled market requirements combined represent the maximum anticipated market requirements of 388 million pounds U3O8e over the next 10 years for COOs.
Owners and operators of U.S. civilian nuclear power reactors (civilian owner/operators, or COOs)

U308 - an impure mixture of uranium oxides obtained during the processing of uranium ore. yellowcake. chemical compound, compound - (chemistry) a substance formed by chemical union of two or more elements or ingredients in definite proportion by weight.

The Paducah 'Tier 1' Uranium Production Project - Silex
www.silex.com.au › The-Paducah-Opportunity
The Paducah commercial project opportunity is an ideal path to market for the ... is the 2016 Sales Agreement between GLE and the US Department of Energy ... an annual output of around 5.2 million pounds of uranium oxide.

388 million pounds required over 10 years, 5.2 million pounds coming from Paducah each year when the plant is built? So maybe Paducah could supply around 13 million pounds of that in that timeframe? where is the rest coming from? if they don’t take Uranium or enriched Uranium from Russia any longer?
There are not enough mines in the US big enough to supply that, even if they wanted to, it would take years to build up US mines big enough even if they could, there will be a huge gap, and even some of the stuff from US mines will be headed for their planned US stockpile which means it isn’t really available for some time.
I believe a lot of this material will still come from O/S still, places like Australia and Canada, I reckon Cameco saw this as an opportunity, because they will get a good deal more U235 from their U308 at Paducah than any competitor will, and they will also save on conversion and de-conversion and if they build another enrichment plant? to take it beyond natural grade to a higher level, then the savings will continue, they will save on conversion and de-conversion again and they will have a far cheaper plant build and one that is a hell of a lot more efficient in what it does compared to the competition.