Stocktwits had a story that a congressional visit to UUUU’s White Mesa Mill raised speculation of a government deal. If they don’t get one, that might signal a pause in this upward move. They still have to build the rare earth train into a commercial scale train predicted to be done by the Q4 2026, so there could be a pause between now and then unless the government gives them money or takes a piece of the company. Soooo, you can hold the stock hoping for an assist from the govt or take profits. At the very least, it makes sense to consider selling some of your position to get your investment back giving you free shares, right? But, G7 members and the European Union are considering price floors to promote rare earth production, as well as levy taxes on some Chinese exports to incentivise rare earth investment.
There are too many positive developments happening in uranium and rare earths PLUS the possibility of the govt owning part of the company. When Uncle Sam took a stake in MP, the share price doubled and has not backed off since then. 15,000 shares @ $34 would be swell. Not selling any of the UUUU position….yet.