Reuters, March 4:
- Nuclear power project under consideration involves Westinghouse
- Second batch of deals could be announced when Japan PM visits U.S. this month
- Copper smelting, refining facility project is also being considered
Japan and the United States are working to include a nuclear power project in the second round of deals under Japan's $550-billion investment package, two people with knowledge of the matter told Reuters on Wednesday.The nuclear power project, which the sources say will involve Westinghouse, is designed to strengthen both countries' energy supply chains as war in the Middle East renews concerns about energy security.Several deals have been under discussion, to be potentially announced when Japanese Prime Minister Sanae Takaichi meets U.S. President Donald Trump in Washington on March 19, said the sources, who declined to be identified as the matter was private.Tokyo is scrambling to build up deals under the investment commitments it made as part of a U.S. tariff agreement. It has already announced three projects valued at $36 billion, including a natural gas power plant in Ohio.A project to construct a copper smelting and refining facility is also being considered, the sources said.Aiming to deepen the talks, Japan's Trade Minister Ryosei Akazawa plans to visit the U.S. from Thursday to meet U.S. Commerce Secretary Howard Lutnick, two separate sources close to the matter said on Wednesday.Westinghouse was one of about 20 companies mentioned in a joint fact sheet the two governments issued in October as having expressed interest in projects to be financed by Tokyo....
September 2022 - "Investors are Buying a Ton of Call Options in Uranium Stock Cameco Corp" (CCJ)
If I recall correctly, a ton of calls is £2000 worth - two thousands pounds worth, whereas a tonne of calls...
October 2022 - Uranium Miner Cameco and Brookfield Renewable Partners To Buy Nuke Maker Westinghouse (CCJ; BEP)
September 2024 - Barron's Cover: "Get Ready for the New Nuclear Age. It Could Help Solve America’s Electricity Problems"
June 2025 - "UBS Upgrades Uranium Prices On "Repowering The US" Theme Gaining Steam"
July 2025 - ICYMI: "In Small Nuclear Reactors, There’s One Clear Leader Today" (GEV)
....As noted introducing June 27's "Trump plans executive orders to power AI growth in race with China" (PWR; GEV; CCJ):
I think we're positioned correctly with the Quanta, GE Vernova, Cameco etc.
But until sales, earnings, and cash flow catch up to the news, valuations are getting stretched.
But at least we have sales, earnings, and cash flow should the overall market tumble.
Money coming in the front door is comforting and a cushion against impulsivity, regret and all the other things that get in the way of big gains.
And as mentioned exiting May 23's ""Trump plots ‘Manhattan Project 2’ in nuclear power push" (CCJ; GEV)":
The "set it and forget it" stocks are in the headline, Cameco among the miners and GE Vernova among the nuke reactor manufacturers.
However, as is so often the case the speculative lottery tickets are seeing a lot of enthusiasm for their shares. The problem with them as investments are 1) a lack of stuff like sales/earnings/cash flow and 2) our conviction that we will see at least one and possibly three bear markets before they have products.
And in bear markets it is the companies lacking in sales/earnings/cash flow that get hit hardest; as investors begin to question whether they may have made a big mistake.
Addendum: I should have mentioned that with Cameco you also get 49% of nuke plant company Westinghouse. Brookfield owns the 51%.
And in June 16's "Why U.S. Uranium Production Surged 12-Fold In 2024" a reminder that Kazakhstan's Kazatomprom is and will probably remain the world's largest producer.
And many, many more.
And again, I think we're positioned correctly with the Quanta, GE Vernova, Cameco etc.
