Hong Kong stocks concept chasing rise | Uranium price resumes upward trend Institution optimistic about new round of main rising wave in the second half of the year (with concept stocks)

The U.S. nuclear policy has taken a significant turn, with an executive order requiring the U.S. Department of Energy to develop a plan within 120 days to expand U.S. uranium conversion and enrichment capabilities, and to develop a comprehensive strategy within 240 days to advance advanced fuel cycle technologies. Japan has been gradually restarting nuclear reactors that were suspended in 2011, with 10 units currently undergoing regulatory review for restarts, and some nuclear power plants expected to restart in the second half of the year. On June 16, the price of uranium reached $76/pound, an increase of 8.6% from the previous trading day. Recent increases in uranium prices are attributed to multiple factors: 1. Difficulties in restarting uranium mines, small producers are struggling to fill the supply gap. Australian uranium mining company Peninsula Energy had to cancel sales agreements with nuclear power plant owners due to delays in its Lance ISR project, affecting future supply of 1.95 million pounds (about 750 tons) of uranium over the next 8 years. The company's CEO revealed that Peninsula is not the only mining company facing production difficulties. 2. SPUT restarts purchases. Sprott announced a revised agreement with Canaccord Genuity, with Canaccord purchasing 11.6 million units of trust at $17.25 per unit, raising approximately $200 million for uranium purchases. At the current price, this can purchase 1,012 tons of uranium. Sprott currently holds around 25,500 tons of uranium. SPUT receives over $100 million in financing, causing a jump in spot uranium prices by $5.75/pound. According to foreign reports, on June 16, the physical uranium investment fund SPUT (Sprott Physical Uranium Trust) reached an agreement with Canaccord Genuity Corp, where Canaccord Genuity Corp will purchase 5,800,000 trust units at $17.25 per unit, raising over $100 million in total income. The net proceeds will be used by SPUT to purchase physical uranium in the form of enriched uranium and uranium hexafluoride, as well as related expenses and costs. Following this news, the latest spot price from Numerco rose from $70 to $75.75, significantly benefiting listed companies in the uranium mining industry. 3. China Uranium Industry updated its prospectus filing on June 13, boosting sector sentiment. Looking ahead to the second half of the year, the uranium industry continues to be catalyzed and may start a new round of upward trends. Uranium-related Hong Kong stocks: CGN MINING (01164), CNNC INT'L (02302)