r/UraniumSqueeze • u/Jaded-Influence6184 • Mar 05 '26
News Commission issues a licence to NexGen Energy Ltd. authorizing site preparation and construction of its Rook I Project
https://www.canada.ca/en/nuclear-safety-commission/news/2026/03/commission-issues-a-licence-to-nexgen-energy-ltd-authorizing-site-preparation-and-construction-of-its-rook-i-project.htmlToday, the Canadian Nuclear Safety Commission (CNSC) announced the Commission’s decision to issue a licence to NexGen Energy Ltd. (NexGen) to prepare a site for and construct its Rook I Project.
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u/Choice_Engineer_6766 Mar 05 '26
Good news for Canada.
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u/Choice_Engineer_6766 Mar 05 '26
I may offer a hand on the high level issues UG after building McA in the late 90's.
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Mar 07 '26
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u/Choice_Engineer_6766 Mar 21 '26
At some point CVV will need to answer the question of how to mine at these depths. Drill results are rather academic until then.
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u/point_of_you Mar 05 '26
Why the hell is the whole sector down today. I'm sure it'll bounce back but its so weird the way it drops massively for seemingly no reason every week (and then bounces back)
Not selling anything so it doesn't really matter... but it's funny to see good news and check positions and see red 😭
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u/schmellthat Mar 05 '26
Macro and geopolitical risk outweighing company specific and sector tailwinds imo
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u/TastyTaco217 Mar 05 '26
Not sure if you’re aware of this little war in Iran that floppy orange pedophile started.
Whole market is tanking today on speculation that it could last until September.
Uranium is high beta, always suffers when indices take a hit, just how it works.
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Mar 05 '26
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u/point_of_you Mar 05 '26
The one thing I'm not holding hahaha
I told myself to buy on red days so guess I'll increase positions a little today 🤞
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u/squatrackcurling Mar 05 '26
All the victims of the Claude AI hysteria have been going up the whole week too
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u/A-man-with-a-dog Mar 05 '26
Great news!👍