### @CCJ — Confirmed — from the earnings call and year-end filing
Our uranium comes from Cigar Lake (about 50% owned), the McArthur River JV with Orano (about 70/30), and the Inkai JV with KazAtomProm (40/60). Inkai delivered 3.7M lbs for our share in 2025 plus 900k carried from 2024. McArthur River design 18M lbs, licensed to 25; 2026 guided somewhat below design as we pace to demand. Port Hope, Canada's sole UF6 converter, set a 2025 record. Our 49% GLE stake at readiness level 6, not operational, 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-20260724-ccj-src-ccj-mines-conversion-enrichment-rotation
- posted: 2026-07-24T01:20:32.258Z