Member Info for andmillsy

Https://x.com/i/status/2028543378233721005

Https://www.yellowcakeanalytics.com/

As was disclosed in the latest Competent Person's Report (CPR), published in August last year, Kazatomprom's 2026 nominal production levels (on a 100% basis) were revised from 32,777 tU (85.21 Mlbs) to 29,697 tU (77.21 Mlbs), representing about 3,000 tonnes (~8 Mlbs) or roughly a 10% decrease.

Kazatomprom's production volumes for 2026 are expected within the 27,500 - 29,000 tU (71.49 - 75.39 Mlbs) range on a 100% basis. Attributable to the Company, 2026 production volumes are expected at 14,500 - 15,500 tU (37.70 - 40.30 Mlbs). The 2026 production guidance remains subject to sulphuric acid availability.

In case of interest... Doesn't seem to work well on mobile device

https://numerco.com/dashboard/

Any ideas what to make of this one earlier today?

08:46:10 537.50 3,019,868 Buy* 16m

Previously purchases including non KAP have been RNS'd. Sorry for poor formatting but you'll get the idea...

| Date | Quantity | Seller / Source | Price / Cost | Notes |

| ---------------- | -------------------- | ----------------------------------------------------------- | --------------- | -------------------------------------------------------------------------------------------------------------- |

| **Nov 2021** | ~2.0 million lb U₃O₈ | **Curzon Uranium Ltd** (sourced via CGN Global Uranium Ltd) | US$46.32/lb | This was the “Curzon Purchase” agreed in October 2021 for delivery before end Nov 2021. ([Yellow Cake Plc][1]) |

| **May 2021** | 343,053 lb U₃O₈ | Spot market (unspecified seller) | US$29.15/lb | Delivered May 2021 to Cameco’s Port Hope/Blind River facility. ([Yellow Cake Plc][2]) |

| **Jul-Aug 2021** | ~550,000 lb U₃O₈ | Spot market | Avg US$32.35/lb | Acquired via placings, delivered in July & August 2021. ([Annual Reports

That is crazy ! Perhaps they were trying to help out the shorters ...

Hmmm - Numerco now following this lower only down 25c at mid from 8100/8250 to 8100/8200

It seemed to accurately predict the "month end smash" before Numerco reflected it so I have traded out a little this time.

Any views on what is going on with this new uranium spot price tracker - dropped below $80 today - seems very odd

https://price.uranium.io/en

Further reductions shown today.

The price tracker proved a useful leading indicator, ahead of numerco, in reflecting the month end drop

Shorts covering or URA rebalance buying?

There has been some spculation on the board in the past on how the price was determined this is more transparent than I can recall seeing before

- to fund the purchase of approximately 1.33 million pounds ("lbs") of physical uranium ("U3O8"), fully utilising the Company's purchase option for calendar year 2025 under the Company's agreement with JSC National Atomic Company Kazatomprom ("Kazatomprom") (the "Kazatomprom Framework Agreement") at a price of US$75.08/lb (which is the average of the weekly TradeTech and UxC spot prices as reported on 12 September 2025 and 15 September 2025, respectively);

Hi Snooz

Will you be so kind as to update the tracker again after the raise has gone through ?

Many thanks

Would be great to see big jump on Monday. Shorts closing and ETF balancing may provide acceleration.

May be a chance with the usual smoke and mirrors to execute KAP option. If they do it could get very interesting...

Https://www.garant.ru/news/1867284/

and here is what Grok reckons

Russia's extension of counter-sanctions, banning enriched uranium exports to "unfriendly" nations like the US and EU until 2027, could tighten global supply (Russia holds ~44% of enrichment capacity). This may drive uranium spot prices up in the next 6 months, potentially to $90-100/lb from current ~$77, echoing 2024 jumps after similar restrictions. Alternatives from Canada/Australia could mitigate, but short-term volatility is expected.

Yes that is possible. Insane volume today

Worth a read imho

https://fnarena.com/index.php/2025/09/09/uranium-week-tripling-nuclear-capacity-by-2050/

Snippet from ft

Uranium shortfall threatens nuclear energy renaissance, industry warned - https://www.ft.com/content/0d6cb34e-4fda-4182-a319-11bae1917141

"Global uranium requirements for reactors are set to rise by a third to 86,000 tonnes by 2030, and to 150,000 tonnes by 2040, according to a report from the World Nuclear Association on Friday.

But output from today’s mines is expected to halve between 2030 and 2040 as existing deposits are exhausted, leaving a “significant gap” that threatens the nuclear power revival."

Hopefully that is the immediate supply shock needed to ignite the U contracting and price.