If spot does not rise no one new is getting out of bed !
when spot hit $106 early this year not one uranium developer started construction on a full scale mine there all waiting to raise large amounts have there caps increase and lenders wanting bigger caps and higher spot price for geo political jurisdictions
only a handful of restarts globally which have mines and produced in the past moved so with a globaL reactor growth expansion and now AI in the mix and more spot has no choice if you want to incentivise new supply
the longer it stays flat the bigger the spike when it moves and might go higher than most predict !,,
LOT Price at posting:
27.0¢ Sentiment: None Disclosure: Held
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