I would say the big move in US U stocks is due to the "surprise hike in extraction taxes in Kazakhstan, the world's largest uranium producing country. The new Mineral Extraction Tax (MET) will increase tax rates to 9% from 6% in 2025. From 2026, a new two-tier MET will be rolled out based on production out and uranium prices. This provides less incentive for local producers, like Kazatomprom to increase production." and not really sleepy Joe signing the ADVANCE Act
PEN Price at posting:
10.8¢ Sentiment: None Disclosure: Held
