This could make the UF6 Silex is contracted to produce from the...

This could make the UF6 Silex is contracted to produce from the DOE's spent fuel worth considerably more...

From John Quakes on twitter:

Something's definitely brewing in the #Nuclear fuel market!⚛️⛏️ This past week, US brokers '#Uranium Markets' have reported Spot price jumps across the fuel cycle:⬆️#U3O8 Up +$6 to a new 15-year high of $79/lb⬆️#UF6 Up +$20 to a new 15-year high of $252⬆️Conversion Up +$5.25 to a record high of $46⬆️Enrichment SWU Up +$10.50 to $150.50SWU is just $10 shy of its all-time high in 2009Clearly some catalyst has lit a fire under Nuclear fuel buyers this past week but what is it?The answer seems to be in 'breaking news' released last night from Energy Intelligence️ saying that the only operating #U3O8 to #UF6 Conversion plant in the US is completely sold out through 2028! "ConverDyn has no unsold material to offer until January 2029."⚠️Link: energyintel.com/0000018b-d95… Essentially, all US Conversion capacity has been sold into term contracts for the next 5 years! The plant in Metropolis, Illinois, has been restarting this year and after numerous delays is now expected to reach its current capacity of 7,000tU as UF6 by next month, but still 8,000tU below its licensed 15,000tU/yr capacity. Discussions about raising that capacity are heating up!At the same time, there is renewed legislative activity in Washington towards an eventual US ban on imports of enriched uranium from Russia, and fears that Russia could step in and block all uranium exports to the US first.This appears to have set off a chain reaction across the Nuclear fuel cycle where "there is nothing in the way of prices going up".⬆️ How does this impact the Spot price of mined U3O8 sitting at $79/lb? As you may recall, Nuclear utilities first sign contracts for enrichment and conversion BEFORE they set up delivery contracts for the required drums of U3O8 to feed the conversion plant. U3O8 is the last domino in the chain to fall.Now that conversion contracts are in place, Nuclear fuel buyers are scurrying to get the drums of yellowcake bought and delivered to ConverDyn. If they don't have signed contracts already then they are trying to buy sufficient quantities in the Spot market now, which helps explain why we've seen a sudden price surge this past week as supply fears have reached a tipping point.⚖️All this bodes well for investors in uranium #stocks, as we are now very likely to see the Spot price keep steadily rising↗️ as fuel buyers continue buying up all available Spot material, likely at the same time that existing funds (#SPUT $YCA #UAMC) and new financial players are in the market vying for physical lbs to sequester.The long awaited price wave that's been crashing through the Nuclear fuel cycle, since Russia invaded Ukraine, now appears to have finally arrived for mined U3O8. IMHO, all the ingredients are falling into place now to make this Uranium bull market one for the history books as it plays out over the next few years. I may be wrong.. we'll have to wait and see.