Jeff Klenda (CEO, @Ur_Energy) recently explained why US utilities are still not contracting for future #uranium supply.

He says utilities have colluded with the Russians (Tenex) and Kazaks with contracts to secure massive inventories for ...

@cameco @KAP #nuclear #u308

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their needs into the middle of the decade.

And Klenda explains that if the DOC allows these contracts to be grandfathered in the new RSA, it will be very negative for our space for the next 5 years.

Jeff obviously has a lot at stake with the RSA, but his opinion ...

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of how the utilities have gamed the RSA process is very credible, I think. The RSA outcome will be critical.



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