Uranium & A Key Upcoming Catalyst

In the past I would have normally posted a Twitter thread to see what comes back, especially as the subject I plan to discuss is coming up a lot over on X, but some UraniumTwit permabulls got pretty vicious when I challenged their sentiment and positioning last December, and was one of a plethora of reasons I moved over to Substack early this year. Besides, this is why you guys subscribe — for the long form detailed thesis and narrative development.

John Quakes had a few tweets here, here, and here I want to discuss. I appreciate John Quakes’ focus, passion, and contributions to educating people on uranium, but I think here he is wrong in his assessment of conversion and has it backwards.

It is clear to me that a lack of new conversion capacity has been the key issue holding back U3O8 contracting activity and the uranium price this year. Let’s dig in on this…