Lee

Uranium Bull

[Lee @leeredrock]

@BidBird10 Looking did not turn into buying and now regretting :(

[Lee @leeredrock]

@BidBird10 I am looking at $TECK on this pullback.

[Lee @leeredrock]

@ExnerPirot @RichardDias_CFA I was thinking this morning while listening to @ttmygh that maybe Canada is the contrarian play here, hated everywhere except by Shell apparently.

[John Quakes @quakes99]

Ding-ding!🛎️ In celebration of #EarthDay2026🌎🥂Sprott Physical #Uranium Trust issued 1.11M shares today to raise $23.3M🏧💵😃 stacked no #U3O8⚛️⛏️🚫 as its NAV rose to $7.17B!⬆️💰 #SPUT now has a colossal $149.8M cash🐳🏦😲 closing at a tiny +0.04% PREMIUM to NAV💎🤠🐂 #Nuclear🌊🏄 https://t.co/vxt45f40pR

[John Quakes @quakes99]

@patmvcr Looks like today will be #SPUT's largest cash raising day🔊 of its 5 straight days this week issuing new #SPUT shares!🔥🏧💵💰🤠🐂 #Uranium

[John Quakes @quakes99]

Ding-ding!🛎️ Today Sprott Physical #Uranium Trust issued 785,708 shares to raise $16.2M🏧💵😃 but stacked no #U3O8⚛️⛏️🛒🚫 as its NAV rose +$80M to bust thru $7.0B!🎆⬆️💰 #SPUT now has a humongous $138M in cash🏦😊 closing at a small -0.67% Discount to NAV🤏🤠🐂 #Nuclear 🌊🏄 https://t.co/vxt45f40pR

[Steve Saretsky @SteveSaretsky]

As the world clamors for oil and gas from a democratic ally, never forget the words of former energy minister @JonathanWNV less than two years ago.

[Javier Blas @JavierBlas]

VIDEO EXPLAINER: The most important map of the Third Gulf War — the oilfields, the Strait of Hormuz, and the bypass pipelines.

Plus a look at how, two weeks into the war, Iran is still exporting lots of its oil, and most of it, via the strait.

@opinion

[Lee @leeredrock]

@BidBird10 and his $EQR call... my word.

[Lee @leeredrock]

@skysurfer75 @sprott @quakes99 John, any conspiracy theories on the large volume of $U.UN going into the final minutes of the close?

[Lee @leeredrock]

@uraniuminsider Any confirmation of the $3billion deal with Canada? Seems that would be a large chunk of our production as well. Does India need both Canadian and Kazakh supply?

[John Quakes @quakes99]

Ka-ching!🪙 Sprott Physical #Uranium Trust issued 1.3M shares today raising a big $27.9M🏧💵😃 and stacked 200,000 lbs #U3O8⚛️⛏️🛒 as its NAV rose $96M to $7.19B!⬆️💰 #SPUT still holds a gigantic cash bundle of $183M🏦😊 closing at a -0.80% Discount to NAV🤨🤠🐂 #Nuclear🌊🏄https://t.co/vxt45f40pR

[John Quakes @quakes99]

Ka-ching!🪙 Sprott Physical #Uranium Trust issued 2.3M shares today raising a huge $48.4M🏧💵😃 and stacked 200,000 lbs #U3O8⚛️⛏️🛒 as its NAV rose $113M to $6.99B.⬆️💰 #SPUT still holds a giant cash bundle of $166.5M🏦😊 closing at a +0.28% PREMIUM to NAV💎🤠🐂 #Nuclear🌊🏄https://t.co/vxt45f40pR

[John Quakes @quakes99]

Ka-ching!🪙 Sprott Physical #Uranium Trust issued 1.08M shares today raising $22.2M🏧💵😃 but did not stack any #U3O8⚛️⛏️🛒🚫 as its NAV rose $58M to $6.88B.⬆️💰 #SPUT now holds a chunky $136.6M cash🏦😊 closing at a small -0.61% Discount to NAV🤏🤠🐂 #Nuclear🌊🏄https://t.co/vxt45f40pR

[Lee @leeredrock]

@BidBird10 @UnoMasReactor Are we calling Kazakhstan allied? Canada supposedly just signed a large portion of Cameco's uranium production to India.

[Lee @leeredrock]

@quakes99 So many questions. How does a government "sign a deal" if the private companies are the ones signing contracts? I would think it would be better for the government to support mine construction and not be trying to grab headlines.

[Lee @leeredrock]

@ErikSTownsend ‘s warning about the gap around $4600 seems to be more and more prescient… Just didn’t expect it to take 4 days.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

Friday's 25% silver crash wasn't about Warsh or dollar strength. It was margin induced liquidation at record prices while physical fundamentals tightened.

The smoking gun: SHFE premiums exploded to 25% above US prices during the selloff, proving physical holders are hoarding while overleveraged paper longs got blown out.

CME raised margins to 11% on January 28 (after shifting to percentage based on January 13), forcing specs who went long at $25k margin to suddenly post $66k at $120 silver.

Meanwhile China's January 1 export controls are crimping supply and India absorbed 25% of global production in 2025 with inelastic demand.

Moving onto JPM's February delivery data showing them issuing 633 contracts at Friday's $78.29 settlement, suggesting large banks covered shorts by buying from forced sellers at the bottom while physical markets refuse to participate at any price.

If JPM covered a large short book during the forced liquidation by buying from overleveraged specs at $78-90, they exited near the lows while physical holders in China and India refused to sell at any price, setting up a dangerous rebound dynamic with far less short interest to cap the next move.

Just my thoughts. This all speculation until we see the open in Asia.

[MP Materials @MPMaterials]

Today’s Reuters report is inaccurate, misleading, and inconsistent with the facts. It follows a pattern of speculative and misleading reporting that has repeatedly mischaracterized government policy and caused unnecessary confusion in the marketplace.

MP Materials has a binding, long‑term agreement with the U.S. Department of War that remains fully in force, including the Price Protection Agreement executed last year. There has been no change whatsoever to our contract or to the government’s obligations under it.

Any implication that the U.S. government has retreated from its commitments to MP Materials is simply false.

We remain fully aligned with our federal partners and fully committed to delivering on our mission: restoring a secure, resilient rare earth supply chain in the United States. Our operational progress, commercial trajectory, and long-term visibility remain strong and unchanged.

$MP

[Lee @leeredrock]

@quakes99 @sprott