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Justin Huhn – Macro Drivers Of The Nuclear Fuel Cycle And Uranium Miners M&A

Shad Marquitz
November 23, 2021

Justin Huhn, Founder and Publisher of the Uranium Insider, joins us to discuss the macro drivers in the nuclear fuel cycle and the uranium mining stocks.  We focus on big news on the amended base shelf prospectus in the Sprott Physical Uranium Trust, which raises their financing limit by another $2 Billion to a total of 3.5 Billion.  This will mean a larger capacity for the S.P.U.T. to purchase even more physical Uranium from the spot market, from carry traders, and from hedge funds in the future, along with other physical funds like Yellowcake, and the newly announced Kazakhstan physical vehicle.

 

Next we discuss the uranium sector flywheel concept with regards to the North Shore Global Uranium Mining ETF (URNM), which also has a large weighting to the Sprott Physical Uranium Trust, which has some funds going to purchase more physical uranium, lifting sentiment and pricing, that then funnels more buying into URNM.   We wrap up discussing the recent correction in the uranium miners, but also the encouraging signs from 3 recent M&A transactions: (DYL.AX) Deep Yellow taking over (VMY.AX) Vimy Resources, (EU.V) enCore Energy taking over (AZZ.V) Azarga Uranium, and (UEC) Uranium Energy Corp acquiring the US-based assets from Uranium One.

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Discussion
6 Comments
    Nov 23, 2021 23:57 PM

    John Quakes @quakes99 3:27 PM · Nov 22, 2021 · Twitter
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    “Yee-Haw! @Sprott has just file an amended Base Shelf Prospectus for its Physical #Uranium Trust raising financing limit from US$1.3B to US$3.5 Billion in Trust Units. Having issued ~$1B worth of units via its ATM so far #SPUT now has $2.5B more for U3O8 stacking.”
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    https://twitter.com/quakes99/status/1462925822625411074

    Reply
    Nov 23, 2021 23:01 PM

    You Say You Want A Revolution… Spot, #SPUT & The Turning of a Cycle
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    Segra Capital Management, LLC
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    “The single question we are asked more than any other: “how much material is there in the spot market?” This question has been prevalent since we founded Segra Resource Partners in 2018 but has become THE topic of most of our discussions with market participants, limited partners and sell side analysts since Sprott Asset Management’s takeover of Uranium Participation Corp this summer to form the Sprott Physical Uranium Trust (or “#SPUT”, Bloomberg ticker: U-U.CN).”

    “Unfortunately, our answer to the question begins with “well, that depends” and proceeds to dive into a long and detailed discussion of how the physical market for uranium actually functions which differs drastically from the picture many “experts” have been painting recently on social media. The purpose of this Blog post will be to explain our take on spot market dynamics and how they have been impacted by #SPUT. We’ll explain where the pounds are likely coming from, the knock-on impacts to mining companies, how the trust is likely to impact this commodity cycle and outline a few things to watch going forward…”
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    https://www.segracapital.com/commentary/you-say-you-want-a-revolution

    Reply
    Nov 23, 2021 23:03 PM

    Uranium Market Minute – Episode 41: Sprott Calling Their Shot
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    Justin Huhn – Uranium Insider – Nov 23, 2021 #VIDEO
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    https://youtu.be/rzwucC2KBUY

    Reply
    Nov 23, 2021 23:30 PM

    Regarding DYL proposal to VMY which was refused, it was instructive to read the comments made by each company about the deal, on their respective websites. Essentially VMY thinks they are worth more than the offer while DYL feels their management are more experienced at bringing big projects into production…that VMY management wouldn’t have a clue how to do that.

    Reply
    Nov 24, 2021 24:21 PM

    The Uranium Sector – It’s about to get crazy!
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    I Love Prosperity w/ Jake Ducey – Nov 22, 2021
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    “In this video, Justin breaks down everything that is happening. He believes it’s about to get crazy, once everybody realizes how incredibly depleted this supply/demand of Uranium truly is.”
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    https://youtu.be/RyEJ4gq9T1A

    Reply

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