### @CCJ — Confirmed — from the earnings call and year-end filing
Our uranium comes from Cigar Lake (about 50% owned), the McArthur River joint venture with Orano (about 70/30), and the Inkai joint venture with KazAtomProm in Kazakhstan (40/60). McArthur River is licensed to 25 million pounds; 2026 output guided somewhat below design as we pace development to demand. Port Hope, Canada's sole UF6 converter, set a production record in 2025. Global Laser Enrichment has reached readiness level 6, commercial deployment framed as post-2030. This is the supply chain we operate. This is the pacing we choose. This is not a spot-price response.
- tier: Confirmed (✓)
- source: CCJ / Tier-one mines, the only Canadian converter, and an enrichment option
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-ccj-src-ccj-mines-conversion-enrichment-conversation
- posted: 2026-07-15T08:20:09.738Z