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- ⛏ Uranium Market Tightens
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and enjoy Thanksgiving Day.
Here are the highlights:
😎 Uranium Market Tightens
🤒 Porphyry Hit
🤣 Meme Of The Day
😎 Uranium Market Tightens
The uranium procurement market is showing signs of pressure, which is a surprise to absolutely no one who has read this humble newsletter for the last number of months.
The price of yellowcake, a key component in nuclear power generation, has surged by over 60% this year due to the growing interest in nuclear energy as a reliable and independent energy source.
Highlights of the thesis:
Global yellowcake supply: 145 million lb.
Annual demand: 180 million lb.
Projected demand by 2040: 300 million lb.
Rumour has it that an overly confident RFP put out by a prominent Korean utility company has gone no bid, which confirms only one thing: it’s a seller’s market.
The delta between the price of both long-term and spot prices versus junior equities is massive.
Opportunity?
🤒 Porphyry Hit
Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) reports successful results from its 2023 diamond drill campaign at the RDP copper-gold project in British Columbia, through a JV with Antofagasta PLC (ANTO: LSE).
Highlights:
19.0 m of 0.45% CuEq
18.5 m of 0.43% CuEq
The stock sold off to magical, weird, unknown reasons.
📰 In Other News:
🤣 Meme Of The Day
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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