The 25% tariff on Canadian uranium to the USA has some interesting side affects. One side effect not mentioned by this outcome is that our Paducah tails project has a 25% greater sales price for income from US customers thus significantly increasing the value of our 51% ownership of GLE). It is also likely to hit imports of Enriched Uranium Product (EUP) from European sources (i.e Urenco in Eunice, NM has become more valuable) but Centrus (who imports all its EUP from either Russia (subject to waiver till end of 2027) or Europe) will now be hit by tariffs for all is EUP supplies. Interesting issue over US produced U3O8 that goes for conversion at Cameco in Port Hope (Canada) but then comes back to the US for enrichment at Paducah. Good thing that the Honeywell Converdyn conversion facility is only 18 miles away from the GLE enrichment site in Paducah (on the other side of the Mississippi river in Ohio from Paducah)
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$6.20 Sentiment: None Disclosure: Held
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