probably nothing - though it is amusing that it was more or less...

probably nothing - though it is amusing that it was more or less Putin setting up uranium stock rebound last week.


The pressure cooker is now on for EPM, the seller on 0.6 cent has been ravaged few times - will be curious if they have more shares to dump.


We have further REE restrictions from China on 1st October.
https://www.reuters.com/markets/commodities/china-issues-rare-earth-regulations-further-protect-domestic-supply-2024-06-29/

We have Putin on the cusp of banning raw materials from Russia - include Uranium
"Russia is a major producer of cobalt, chrome, copper, gold, lead, manganese, nickel, platinum, tungsten, vanadium, and zinc"

The URNM has their weightings worked out close of trade today - which will determine buying / selling pressure. EPM is not in the madness - but could see potential price spikes in U308 as result of SPUT getting some buying power - though the problem right now is the market is nothing to sell.
This was an opinion piece from the review WNA conference:
Basically $80 = floor price, and $135 ceiling price are the intentions of utilities.
https://pracap.com/u-need-to-focus-on-term/?utm_medium=email&_hsenc=p2ANqtz-9Xj0Zu3O52o-E2JGExF3Lq7PEfbXBQxeUA9w4oH_PW9_vvOi6bUuzJVMRQ8YAZ0gLhL0aMHjPIaH6dZAoM8QN4S3BpyA&_hsmi=324739430&utm_content=324739430&utm_source=hs_email

I am hopeful for a U308 term price spike from Aug --> Sept; this should set things in motion.

EU CRMA has the next few weeks to request for more documents from EPM. I'll be looking forward to the quarterly update to see how that is actually tracking.

"Most of the projects, which range from lithium to rare earths, are focused on the extraction of raw materials (77), with the remainder on further processing (58) and recycling (30) as well as the substitution of certain materials (5). The documents are now being examined and evaluated. It was not disclosed which companies – 49 are not from the EU – have applied for the current round."

We may have the only Quartz project submission, given as the EU has stated most are battery metals and REE.