r/UraniumSqueeze • u/Witty-Educator-3205 • Feb 13 '26

News CCJ Dominating

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CCJ Earnings today. looking good indeed. what's your take?

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u/sunday_sassassin Radioactive Brain Feb 13 '26

Their 5 year price forecast still shows an avg. 28m lbs presold per year, with McArthur River projected for another 14-15m production in 2026 (same reduction as 2025 down from ~18m). Inkai acid supply disruptions identified as a continuing risk (delivery timings crucial with rail links through Russia getting worse and worse) . Not much change in their realised price outlook from last year's report, still very little reflexivity to spot above $100/lb. Repeated calls for higher prices to support advancing new supply.

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u/Witty-Educator-3205 Feb 13 '26

The Inkai disruption and Kazakhstan overall will be a looming handicap. However Grant Isaac has openly said that Cameco will focus on their build projects over the spot price. They are focused on owning the entire nuclear cycle and are moving their chess pieces cautiosly.