Morning Trading January 10, page-199

The Global X Uranium ETF rallied 4.0% overnight after the US Department of Energy announced the next steps to build domestic uranium supply for advanced nuclear reactors.The DoE issued request for proposals for uranium enrichment services to help establish a reliable domestic supply of fuels called high-assay low-enriched uranium
(HALEU)HALEU is uranium fuel that is enriched up to 20% compared to traditional uranium fuel used in today's reactors of about 5%Biden's Inflation Reduction Act will provide up to US$500 million for HALEUenrichment contractors DoE's Nuclear Energy plans to award one or more contracts to produce HALEU from domestic uranium enrichment capabilities
The HALEU enrichment contract has a maximum duration of 10 years and the government assures each contractor will have a minimum order value of US$2 million to be fulfilled over the term of the contract.

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