With shares of CCJ tumbling earlier today after the company reported soggy Q1 earnings, despite its recent initiating coverage report by an enthusiastic Goldman Sachs which sees the Uranium company at the forefront of the 'Next AI trade' and slapped it with a $55 price target as we reported previously, the uranium trade suddenly found itself in need of a miracle.
To be sure, there are loopholes the legislation, which expires at the end of 2040, permits the Department of Energy to issue waivers authorizing the entire volume of Russian uranium imports allowed under export limits set in an anti-dumping agreement between the Department of Commerce and Russia through 2027.
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