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Per Jander

Per Jander

Director of Nuclear Fuel and Investor Services at WMC Energy and technical advisor to Sprott Physical Uranium Trust, a frequent uranium-market podcast guest.

Sep 12, 2026

5:31
Do you expect a big run-up as we go into year-end in terms of contracting?
5:37
I actually don't know if it could be because some of it is yeah again some it's reported some of you could drag out that they don't actually report the numbers until the ink is dried on the contract and these contracts because they are significant size they may you know take six months for them to be signed so even discussions now they might not be reported until Q1 or even Q2 so Of course, it is an indicator of what's going on, but I would say the term market actually feels like it's been pretty active this year.
6:06
That's why that 37 number feels a little bit misleading.
6:10
Now, some of the deals can be fairly small, so that's why that total number is not that big, but it feels like at any given time, four or five active tenders and we know that there's at least a handful of them that will be launched right around now or in the coming month or two.
6:25
So it should be an active term market in the fall and we'll see if the price keep marching up.
6:34
I think one of the problems the price supporters have that if you're a supplier, you're pushing for as much index related as you can.
6:41
So there is no base price in there.
10:04
Any interesting comments or insights out of these conversations?
1:32
Let's unpack that today and, and really talk about where we are in, in the state of uranium in general.
1:37
Yeah, sure.
1:38
I mean, there is a, there is a lot to unpack there.
1:40
It's, it really is the best environment for nuclear you've...
1:44
I've ever seen in my 25 years in the industry.
1:46
Demand just keeps coming out of the woodworks, whether it's big existing reactors or announced new ones, or life extensions of restarted old ones, or finishing construction, uh, ones that have been under construction and then, uh, and then mothballed, or smaller reactors.
2:03
And, uh, it's, it really is demand coming out of everywhere.

19 MINS LATER

21:01
That's right

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