James Far

You are missing the point of what happens when capital comes into the Uranium sector. Normal valuation metrics don't apply. It can go to seemingly extreme valuation levels driven partly by the fact that there are so few quality companies in the sector, with the required market cap. Even fewer producing. And only one with a functioning conventional mill 😜

@SpeculatorPL1 Sure. Uranium going up would help, but if you doubled the price of uranium, $UUUU would still be pretty fully valued at its highs. Its being bought as REE/future magnent makers as much as uranium right now. Im not sure price is enough.

In this massive commodity rotation event, are you making room for Uranium and Rare Earths? ☢️ For me, $UUUU is an absolutely top-tier pick right now. The paper market just flushed $UUUU right into my long-awaited accumulation zone (the green box). We are at maximum compression between the 0.786 and 0.88 Fib levels. While retail panics over red candles, they are completely ignoring the macro reality: • Doubling Production: Hitting 2M+ lbs of uranium this year. • Massive Margins: Mining costs are ~$30/lb while spot is in the mid-$80s. Cash machine. • US Monopoly: The only operating conventional mill in the US, aggressively breaking China's grip on Rare Earths. • Loaded with Cash: Sitting on ~$800M+ in liquidity. Zero need to dilute. The chart shows fear. The fundamentals show a U.S. critical minerals powerhouse. Smart money accumulates in the green box. Are you buying the structural dip? #UUUU #Uranium #RareEarths #Macro #Nuclear #CriticalMinerals

@ABongo888 Conventional miners gonna get a bump. Got UUUU?

Will we see #URANIUM #u308 spike as a consequence of 90% of the world's sulphuric acid production unable to get to producers? Those #U lbs have just got a lot harder to come by ! $KAZ is potentially in big trouble. Will alkaline ISR producers get a bump up? $EU $Eu.v 🤔👀??

@felixprehn "Cameco went from $7 to $53." Pretty significant typo .... add a 1 in front of $53 and you are there.

34 countries just signed a pledge to triple global nuclear capacity by 2050. There are only 8 uranium miners on earth that can actually supply it. Nuclear produces 10% of the world's electricity right now. That's going to 30%. The US, UK, France, Japan, Canada, South Korea, UAE, and 26 other nations signed the Declaration to Triple Nuclear Energy at COP28. Signed international commitment with deployment timelines already laid out. To triple capacity, the world needs 740 new reactors. Each reactor requires roughly 500 tonnes of uranium over its lifetime. That's 370,000 tonnes of new demand being committed right now. Current global uranium production: 58,000 tonnes per year. Current demand from EXISTING reactors: 65,000 tonnes per year. The market is ALREADY in a 7,000-tonne annual deficit BEFORE a single new reactor comes online. Where does the extra uranium come from? It doesn't. Kazakhstan produces 45% of global uranium. One country. They just cut production forecasts by 17% citing acid supply shortages. Canada produces 14%. Their largest mine (McArthur River) was shut for 5 years due to low prices and is still ramping up. Two countries make 59% of supply, and both are producing LESS than last year. For 15 years (2005-2020), uranium prices were so low that nobody built new mines. Exploration spending collapsed 85%. Average uranium mine takes 10-15 years from discovery to production. Even if every mining company started a new project tomorrow, first new supply wouldn't arrive until 2035-2040. Demand is tripling. Supply is declining. Timeline to fix it: 10-15 years. 34 governments just legally committed to buying a commodity that doesn't exist in sufficient quantities. Uranium spot went from $20/lb in 2020 to $95/lb today. 375% increase. Kazatomprom stock went from $11 to $80. Cameco went from $7 to $53. This is still early. The 740 new reactors haven't started procurement yet. When they do, they'll be competing for a resource already in deficit. It's like watching 34 countries announce they're all building new houses in a town with one lumber yard that's already backordered. What to buy. Cameco (CCJ). Largest Western producer, tier-1 assets in Canada, long-term utility contracts. Kazatomprom (KAP). World's largest producer, lowest-cost operations. NexGen Energy (NXE) owns the highest-grade undeveloped uranium deposit on earth (Rook I in Saskatchewan). Sprott Physical Uranium Trust (SRUUF) holds actual uranium metal, directly tracks spot price. Basket approach: Global X Uranium ETF (URA) holds 48 uranium companies across the full supply chain. i track reactor construction timelines, utility procurement contracts, and uranium inventory levels through tradevision. 34 countries committed to tripling nuclear. 8 miners exist at scale. the supply-demand math here is the simplest asymmetric setup in commodities right now. (the world just committed to tripling nuclear energy. the last new uranium mine took 14 years to build. somebody in that room can't do math. or they can, and they're already buying uranium before you figure it out.)

@quakes99 @numerco Good stuff indeed 👍

More Spot #Uranium market transparency indeed!💲🛢️☢️🛒😊 A few years ago there wasn't even a public website providing the Spot price!🌑 Now @Numerco gives U the Best Bid & Offer size & price across all 3 #Nuclear fuel brokers, further broken down for each of the 3 secure storage sites - ConverDyn, USA; Cameco, Canada; Orano, France - and the size & price for active orders placed by Numerco's own clients!🧾🛒 📊Not only that, Numerco are now providing actual transaction data so U can see how many lbs were traded at what price and when. U folks have been asking for that for years!😃 🎩🐇🪄Pretty amazing and just one more sign underscoring the fact that we are now in a strong U bull market📈 where market participants are demanding better access to real-time Spot trading data as this market heats up.🌡️💲↕️🛢️👀🤠🐂

@SmithWeekly @Energy_Fuels Can you ask him to stop signing new contracts with utilities....until the floors are $200 bucks minimum.... Much appreciated

Mr. Mark Chalmers of United States & Australia uranium and rare earth producer @Energy_Fuels $UUUU will be on our podcast program to update on development project progress, operations at White Mesa Utah, next plans, market, and more. Questions for Mark? Email us.

@quakes99 It's getting spicy....

Boom!💥 #Canada's #Uranium exports pivot to #India 🇮🇳⚛️🛢️🇨🇦🚢 as Cameco sign Long-Term agreement to supply ~22 Million lbs #U3O8 over 9 years on market-related price terms (ie. Spot at time of delivery) valued at ~$2.6B based on February US$86.95/lb Spot price🤠🐂🌊🏄 businesswire.com/news/home/2026…

@BidBird10 At what point do Western utilities start panicking? They have been unforgivavably complacent

”Deliveries under the contract are expected to begin in 2027 and run through 2035 in alignment with Cameco’s long-term contracting strategy. The volumes under this contract were included in the total long-term contracting volumes and in the expected five-year realized uranium price sensitivity analysis, disclosed in the 2025 annual Management’s Discussion and Analysis in February 2026.”

Cameco’s $CCJ India deal is now official. 22 million pounds go to East, instead of West. The agreement will see Cameco supply nearly 22 million pounds of uranium ore concentrate to India over a nine-year period on market-related price terms, with a total contract value estimated at approximately $2.6 billion.

@Frank_Giustra @AndreasSteno You are a wise man Frank. If you ever in London I would love to buy you a beer.... As appreciation for many a sensible post over the years

@AndreasSteno The fat lady hasn’t sang on Iran , as of yet . It may happen but don’t put up that “ Mission Accomplished “ banner up quite yet

Almost every single Russian-backed regime has been overthrown in a year Russia is getting lectured right, left and centre currently

@FreiburgCoffeeC Did AI write this?

@jmuelle99 @capnek123 Exactly. I think if they smart they will source from both and if they do sign a huge deal with Cameco, along the kazatamprom lines then this finally might be the panic trigger for western utilities.

@capnek123 @JamesFar9 He was asking about the deal between India and Cameco that was discussed weeks ago. I am also wondering if India is working with both or were negotiating with both and decided to go with Kaz.

The Kazatomprom-India #uranium deal is a game-changer for the global market: the world's top producer has locked in a massive long-term supply contract with India's Department of Atomic Energy, valued at over $3 billion (exceeding 50% of Kazatomprom's asset book value and requiring shareholder approval in April). While exact volumes remain confidential, analyst estimates peg it at roughly 34–38 million pounds of U₃O₈ over the contract life—effectively pulling that supply off the open/spot market as India secures fuel for its ambitious nuclear expansion toward 100 GW by 2047. Paired with Cameco's similar multi-billion deal, this tightens availability further in an already constrained market. Strategic buyers are moving fast—supply scarcity is real, and prices could feel the squeeze

On a more positive note, UEC blazes a trail for Energy Fuels and shows what's possible in market cap to the doubters. I agree EF is by far the superior compnay. They are a real company really producing and developing projects. UEC are potentially a great company but apart from good marketing and hoovering up assets what have they actually achieved? When they finally stop dancing and the tide goes out, judged on production levels they will likely be found swimming naked

UEC is still ridiculously overvalued. Should be nothing more than $3B company. I want to see UUUU to overtake them in market capitalization in 2026.

Justice. USA’s largest uranium producer vs USA’s largest pretender.

@uraniuminsider @Mike_Macerollo Logical to me that the Indians would not put all their eggs in one supply basket. If it were me I would split my supply between them. I'm speculating but it makes good business, no single point of failure risk, to source from Cameco also.

@Mike_Macerollo That deal apparently still on the table to my understanding

New developments from Kazakhstan today may influence the broader uranium landscape. Kazatomprom, the world’s leading producer, has reached a massive supply agreement with India’s Department of Atomic Energy. The scale of this deal is valued at over 50% of the company’s total book value, requiring an extraordinary shareholder vote to proceed. The implications for the "West": - The East is Locking it Down: Between China’s aggressive stockpiling and India’s multi-billion dollar contracts, the "East" is securing physical supply for decades. - A Bifurcated Market: Western utilities are increasingly facing a "supply wall," with secondary inventories declining and an increasingly large % of future supply being secured by eastern sovereigns. - Supply Fragility: With the bulk of the increase in production expected in Kazakhstan coming from a large Russian JV, and with very large supply commitments to eastern utilities/sovereigns by Kazatomprom (attributable), remaining forward supply availability out of Kazakhstan is dwindling. The message for utility buyers in North America and Europe? The days of "waiting it out" are over. Any utility still unwilling to prioritize security of supply will at the very least be left paying much, much higher prices. If they wait too long, there is growing risk of a literal lack of supply available at any price.

@Anthony84089043 The biggest producer in USA also signed two new contracts recently (UUUU) which snuck under the radar. Smaller numbers but means they less likely to sign any more and develop their bigger mines without significantly higher prices.

Interesting times ahead for #uranium companies with so many contracts being signed which will further lock up future uranium supply. Kazatomprom & India Cameco and India Bannerman and CNNC is all bullish news for the industry. Who will be next? #asx names that I follow $AGE $BMN $BOE $DYL $LOT $PDN $PEN $SLX $AGE recent announcement of the commissioning of the Samphire Pilot Plant on time and on budget. Have to think that will deserve a rerate soon? Where will we go from here? Hopefully upwards!

@mrworldwide3056 @SportNewsUser @Alexsei88 I didnt say an easy 10 bagger. I happy to stay invested for years and I think under the right circumstances it can come. If they execute they will go to 20B easy. Under optimum market, yes a 10 bagger is possible. Either way they never going bust. Largo might go bust. Facts

@JamesFar9 @SportNewsUser @Alexsei88 Yeap sure UUUU easy 10 bagger from 5b marketcap 😄

1.) If the vanadium bull market were to start now, here’s my own list of stocks that I’m following and which I expect to have the greatest upside potential: Market caps in USD: $LGO 140m Producer $AVL 65m Developer $FAR 52m Developer #Vanadium

@ErezShapira Unfortunately UUUU just signed two new contracts with utilities. As a shareholder I wish they had waited for the coming higher prices. But it also means they probably won't commit now to any more contracts until we get significantly higher prices.

🦉THE FALLOUT: What the Kazatomprom-India Megadeal Means for $CCJ, $UEC, and $UUUU So, the world’s largest uranium producer (Kazatomprom) just locked over 50% of its book value into a highly classified black-box supply deal with India. We already know this drains massive supply from the open market, but what does it actually mean for North American uranium equities? If you are a Western utility buyer today, you are officially sweating. If you are holding North American uranium stocks, you are probably glowing. ☢️📈 Here is the direct ripple effect: 🇨🇦 CCJ (Cameco): The Panic-Room Premium Cameco is the other Tier-1 global producer. With Kazatomprom effectively taking a massive chunk of its primary supply off the Western table, Cameco just became the prettiest, most essential girl at the nuclear dance. The Implication: Western utilities who were dragging their feet on securing nuclear fuel are going to run to Cameco in a panic. Cameco employs a highly disciplined, long-term contracting strategy (they already have roughly 230 million pounds locked in). The Result: Cameco now has unprecedented leverage to dictate higher floor prices and stricter terms on new decade-long contracts. Add in their 49% stake in Westinghouse (backed by a massive U.S. government reactor push), and CCJ cements its status as the ultimate "safe haven" blue-chip nuclear play. 🤠 UEC (Uranium Energy Corp): The Unhedged Wildcard If Cameco is the responsible older brother, UEC is the adrenaline junkie riding a rocket. UEC’s entire corporate identity is built on being 100% unhedged. They do not lock their pounds into pre-set, long-term price contracts; they sell at the spot price. The Implication: An opaque, multi-billion dollar deal out of Kazakhstan is going to squeeze the spot market and trigger severe price volatility. Because UEC is fully unhedged and rapidly scaling its In-Situ Recovery (ISR) production in Wyoming (shoutout to their Sweetwater plant), every pound they pull out of the ground just became exponentially more valuable overnight. The Result: Maximum leverage to spot price spikes. If utilities panic-buy in the spot market because they missed out on long-term Kazatomprom contracts, UEC captures 100% of that upside. 🦅 UUUU (Energy Fuels): The Domestic Fortress Energy Fuels operates the White Mesa Mill in Utah—literally the only conventional uranium mill currently operating in the United States. They are already churning out roughly 2 million pounds a year and just crushed their 2025 production guidance. The Implication: The Kazatomprom-India deal is a geopolitical wake-up call. It proves that Eastern and BRICS nations are securing their own massive energy supply chains. This forces the U.S. government and domestic utilities to put a massive premium on homegrown uranium to ensure national security. The Result: UUUU isn't just a uranium miner anymore; they are a critical U.S. strategic asset. While they do sign some long-term contracts, they leave a lot of their production uncommitted to capture upside. Furthermore, their ongoing expansion into rare earth elements (REEs) at White Mesa makes them a dual-threat for Western supply chain independence. The Bottom Line: The Kazatomprom deal effectively bifurcates the global market. As the East locks up Eastern supply, Western capital is going to flood into CCJ, UEC, UUUU and others to secure the future. Keep your Geiger counters close—this sector is about to get highly radioactive. 🐂☢️

@mrworldwide3056 @SportNewsUser @Alexsei88 If you are familiar with the Uranium shortage and coming supply crunch then it's not ridiculous at all. That's not including what they are building with REE. Largo is an extremely risky bet unlike EF, as in EF won't be going bust. Largo might, and quite soon

@JamesFar9 @SportNewsUser @Alexsei88 Sorry to be bummer but this is ridicolous post. You will never get 10 bagger on Energy Fuels from these days prices. Already +20 bagger from cycle lows easy money have been made. Even im not biggest Largo fanboy i would take anytime R/R invest in Largo than UUUU from these prices

@FL17112012 Hopefully this is the moment I have been waiting for a few years now.....

Energy Fuels with Cup and Handle Formation...!? $UUUU $EFR #Uranium

@mineralstocks @javier_arbcast They have no production because the price is in the toilet, and it's u economical to produce. If the price stays low all V only producers will go bust. Then EF probably swoops in and buys the assets for pennies.

@javier_arbcast Almoat no V production

EU sanctioning Evraz (Russian) in late October has created a hole of 7kt of #vanadium to be shifted (EU imports ~11 kt of V₂O₅. ~60% of that has Russian origin.) The likely beneficiary is going to be Largo$ LGO, the only other source in the West beyond Glencore. 🧵1/4

@SportNewsUser @Alexsei88 Yeah, i think it was Peter Lynch that once said he never had a ten bagger he didn't wait on for 3-10 years. That's been my experience too. Im happy to hold EF for a few more years yet. As Munger said, the big money is in the waiting....

@JamesFar9 @Alexsei88 Thanks for ypur opinion! I have had it but not anymore. But it’s price looks like it’s not yet totally flying above the skies