### @CCJ — Confirmed — from the earnings call and year-end filing
230 million pounds committed — distributed, no concentration disclosed. Industry contracting ran below replacement rate in 2025, so we placed limited volume and held pounds back. We don't front-run demand with supply; you only get one chance to place new capacity. The wedge widens as secondary supply thins and new production lead times stretch. U.S. Russian import ban takes full effect 2028. This is our market view, hedged as such. We don't guide past a final investment decision or past the year.
- tier: Confirmed (✓)
- source: CCJ / Discipline and the 230-million-pound book
- receipt: https://ticker.thevixguy.com/p/p-day-20260805-ccj-src-ccj-discipline-contract-book-rotation
- posted: 2026-08-05T12:16:36.265Z