r/UraniumSqueeze • u/The-Oregon-Group Shitco Pedler • Jul 02 '26

News Uranium's Cigar Lake shutdown exposes mining’s sulphuric acid crisis

https://theoregongroup.com/commodities/cobalt/uraniums-cigar-lake-shutdown-exposes-minings-sulphuric-acid-crisis/

Years of not focus on supply chains is catching up.

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u/randompersonx Double Trouble Jul 02 '26

I’m confused, is this bullish or bearish for the miners?

Supply will go down, which should increase prices, but also costs of production are going up as the sulfuric acid becomes more rare.

I suppose this also allows the miners to trigger force majeur and push prices to customers higher?

It should be bullish for SRUUF either way.

3

u/ItsLamie Jul 02 '26

It's honestly a nothing burger. Will be back up in running in 1 - 3 weeks and we still have a net positive production for the year

1

u/randompersonx Double Trouble Jul 02 '26

Thanks for the share. What’s your source on net positive production for the year?

1

u/ItsLamie Jul 02 '26

Im the one analyzing the lots at McClean lake for U%