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8.1¢ global uranium and enrichment ltd

Ann: Lake Johnston Lithium Project Update, page-8

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stag11

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08/11/23

15:46

Post #: 70789012
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Originally posted by stag11: ↑

STOCK......HEAD....... says

The US remains heavily reliant on Russian enriched uranium with utilities buying around a third of their requirements from Russia. Rosatom is also supplying 31% of enriched uranium and 21% of converted product to Europe.

There are also noises coming out of the White House that their longer-term objective is to ban the import of enriched uranium products from Russia.

With the US Nuclear Fuel Security Act of 2023 enacted earlier this year as well as National Defense Authorization Act which is authorised to purchase US$3.5bn over 10 years for nuclear fuel security, I can see another uranium boom, not dissimilar to the current lithium boom, just around the corner…

With over 90% of European utilities sourcing uranium from Kazakhstan (27%), Niger (25%), Canada (22%), and Russia (17%) I anticipate there will be a concerted effort to explore and develop uranium mines in stable jurisdictions which leaves Canada, Australia, and Namibia as the preferred destinations.

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USA not mentioned in the last paragraph as USA may not be looking to export and may purchase all production from within it's borders.

OKR Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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Last 8.1¢		Change -0.006(6.90%)		Mkt cap ! $21.52M

Open	High	Low	Value	Volume
8.4¢	8.4¢	8.0¢	$35.91K	439.2K

Buyers (Bids)

No.	Vol.	Price($)
6	166577	8.0¢

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Price($)	Vol.	No.
8.3¢	24811	1

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No.	Vol.	Price($)
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4	306350	0.079
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2	95000	0.075

Price($)	Vol.	No.
0.083	24811	1
0.084	63823	2
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