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Tag: Atomic Minerals Corp.

Red Cloud | redcloudfs.com

Uranium Market Update – Uranium Spikes 12% on Bloomberg Article About Russian Disruptions

This price increase is following a news article from Bloomberg yesterday speculating that the US might sanction Russian uranium supplier, which had previously been excluded from the Russian oil and gas import ban. UxC suggests that the article triggered a huge jump on Wednesday afternoon following its daily 2:30pm price cut-off. It appears that the response is mainly from traders bidding up the price.

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Red Cloud | redcloudfs.com

Uranium Market Update – SPUT Buying Spikes U3O8 Prices Upon Security of Supply Concerns

Uranium prices are up sharply on apparent Sprott Physical Uranium Trust (SPUT) buying as security of supply concerns emerge in light of economic sanctions levied against Russia in response to the Ukraine invasion. Funding of additional physical U3O8 purchases by SPUT may help propel prices above US$50/lb and perhaps close to incentive prices needed by project developers. We anticipate uranium equities to react very positively.

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