What Direction Does Uranium Energy Corp. (AMEX: UEC) Analysts Think The Company Will Take?

The trading price of Uranium Energy Corp. (AMEX:UEC) closed lower on Tuesday, May 10, closing at $3.38, -2.87% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $3.25 and $3.66. In examining the 52-week price action we see that the stock hit a 52-week high of $6.60 and a 52-week low of $1.89. Over the past month, the stock has lost -38.55% in value.

Uranium Energy Corp., whose market valuation is $986.66 million at the time of this writing, is expected to release its quarterly earnings report Dec 14, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2022 and -$0.03 for 2023. It means analysts are expecting annual earnings […]

ALX Resources Corp. Completes Inaugural Drilling Program at Electra Nickel Project, Ontario

ALX Resources Corp. Completes Inaugural Drilling Program at Electra Nickel Project, Ontario

Vancouver, British Columbia–(Newsfile Corp. – May 11, 2022) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the inaugural drilling program at its Electra Nickel Project located 35 kilometres northwest of Thunder Bay, Ontario, Canada. The Company has the right to earn a 100% interest in Electra according to the terms of an option agreement signed in December 2020 (see ALX news release dated

2022 Exploration Program

The 2022 exploration program began in mid-March 2022 with the opening of winter trails and mobilization of a diamond drill to the drill sites. The network of established forestry roads within Electra provided good access to the target areas and six of the eight planned holes were completed for a total of 1,155 metres drilled. Two targets remain undrilled because of warming weather conditions that exposed creeks and other wetlands, […]

Cameco Increases Ownership Stake in Cigar Lake Mine

SASKATOON, Saskatchewan–( BUSINESS WIRE )– Cameco (TSX: CCO; NYSE: CCJ) and Orano Canada Inc. (Orano) have reached agreement with Idemitsu Canada Resources Ltd. (Idemitsu) to acquire Idemitsu’s 7.875% participating interest in the Cigar Lake Joint Venture. Upon closing, Cameco’s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan will increase by 4.522 percentage points to 54.547%, while Orano’s share will rise by 3.353 percentage points to 40.453%. TEPCO Resources Inc. retains the remaining 5% interest in the property.

“As the world’s largest high-grade uranium mine, Cigar Lake is quite simply one of the best and most prolific uranium producing assets on the planet,” said Cameco president and CEO Tim Gitzel. “Cameco is very pleased to increase our ownership stake in this outstanding tier-one operation. As the operator of Cigar Lake since 2002, it’s an asset we know incredibly well. It’s a proven, permitted and fully licenced mine in […]

Cameco Announces Election of Directors

Cameco Announces Election of Directors

Cameco has announced the election of nine board members at its annual meeting held on May 10, 2022. Shareholders elected board members Leontine Atkins, Ian Bruce, Daniel Camus, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson and Don Kayne. Voting Results for Cameco Directors Profile Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our …

Cameco (TSX: CCO; NYSE: CCJ) has announced the election of nine board members at its annual meeting held on May 10, 2022.

Shareholders elected board members Leontine Atkins, Ian Bruce, Daniel Camus, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson and Don Kayne.

Voting Results for Cameco Directors Nominee Votes For % Votes For Withheld % Votes Withheld Leontine Atkins 34,045,964 97.26% 958,868 2.74% Ian Bruce 33,809,315 96.58% 1,195,517 3.42% Daniel Camus 32,814,657 93.74% 2,190,175 6.26% Donald Deranger 33,389,776 95.39% 1,615,056 […]

Cameco: Because The Diagnosis Is Commodity-Price-Induced Global Stagflation

Cameco: Because The Diagnosis Is Commodity-Price-Induced Global Stagflation

RHJ/iStock via Getty Images Investment thesis: The global economic landscape looks increasingly like it permanently shifted from a decades-long trend of slowing inflation and healthy economic expansion to a stagflationary environment. The challenge for investors going forward will be to produce returns on investments that will be high enough to beat inflation. It is not something that is easy to do, with inflation running high, while the global economy is showing signs of deceleration. Cameco (NYSE: CCJ ) is one of the increasingly rare companies that have what it takes to provide returns that will beat inflation within the current environment. It produces a product that will see exploding demand going forward, while global supplies are somewhat limited. As for the price of uranium, it can rise dramatically, without producing a great deal of demand destruction, given that uranium fuel makes up a very small portion of the overall […]

Proactive news headlines including Alligator Energy, Aurumin Ltd, BlackEarth Minerals and Creso Pharma

Sydney, May 10, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Alligator Energy Ltd (ASX:AGE) has delivered high-grade intersections from sonic core drilling at Blackbush Deposit within the Samphire Uranium Project in South Australia. Click here

Aurumin Ltd (ASX:AUN) has completed an orientation drill program targeting lithium-bearing pegmatites and has received all ultrafine soil sampling results from the Mt Palmer Lithium Project in Western Australia. Click here

BlackEarth Minerals NL (ASX:BEM) has fielded more “outstanding” results from a 1,670-metre diamond drill program at the high-grade Razafy Northwest target, which forms part of the Maniry Graphite Project in Southern Madagascar. Click here

Creso Pharma Ltd (ASX:CPH, OTCQB:COPHF)’s psychedelics subsidiary Halucenex Life Sciences Inc has been awarded a permit by Health Canada to import one kilogram of psilocybe cubensis to refine extraction and […]

Sprott Inc. (SII) Q1 2022 Earnings Call Transcript

Sprott Inc. (SII) Q1 2022 Earnings Call Transcript

SII earnings call for the period ending March 31, 2022.

Image source: The Motley Fool. Sprott Inc. ( SII 1.03%) Q1 2022 Earnings Call May 06, 2022, 10:00 a.m. ET Contents:

Prepared Remarks

Questions and Answers Call Participants Prepared Remarks: Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.’s 2022 first quarter results conference call. [Operator instructions] As a reminder, this conference is being recorded today, May 6, 2022. On behalf of the speakers that follow, listeners are cautioned that today’s presentation and the responses to questions may contain forward-looking statements within the meaning of the safe harbor provision of the Canadian provincial securities law.Forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are implied in making forward-looking statements, and actual results may differ materially from those expressed or implied […]

Uranium Royalty Corp. (NASDAQ: UROY)โ€™s Stock Hinders -14.76%, But It May Be A Worthy Investment

The trading price of Uranium Royalty Corp. (NASDAQ:UROY) closed lower on Monday, May 09, closing at $2.83, -14.76% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $2.8101 and $3.12. In examining the 52-week price action we see that the stock hit a 52-week high of $5.95 and a 52-week low of $2.25. Over the past month, the stock has lost -34.94% in value.

Uranium Royalty Corp., whose market valuation is $260.80 million at the time of this writing, is expected to release its quarterly earnings report Jul 26, 2022 – Aug 02, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Uranium Royalty Corp. No upward and no downward comments were posted in the last 7 […]

Ivor Exploration Confirms Voting Results of its Annual General and Special Meeting, New Director and Name Change

Ivor Exploration Confirms Voting Results of its Annual General and Special Meeting, New Director and Name Change

British Columbia – Ivor Exploration Inc. (CSE: IVOR) (the ‘Company’ or ‘Ivor’) is pleased to announce the voting results of its annual general and special meeting (the ‘Meeting’) held on May 6, 2022.

All matters were approved by 100% of the shareholders who voted at the Meeting.

At the Meeting, Vivien Chuang, who is the current CFO of the Company, was elected a member of the board of directors of the Company. Ms. Chuang is a Chartered Accountant (British Columbia, Canada) with more than fifteen years of experience in the resource and mining sector. Her experience includes serving as Chief Financial Officer of Azincourt Energy Corp., a uranium developer in the world-class Athabasca Basin uranium district of Canada, and Precipitate Gold Corp. Ms. Chuang also served as Chief Financial Officer of Northern Empire Resources Corp., a Nevada-focused mining company that was acquired by Coeur Mining in 2018, K2 Gold Corporation (formerly […]

ANALYSIS: Can once-thriving uranium industry come back to life in Nebraska?

Image courtesy of Pixabay Reviving uranium mining has long been in the works, but production plans have been held up by funding hurdles and problems with federal regulations. Now, as a result of Russia’s brutal invasion of Ukraine, that may change.

Nearly 50% of the uranium used at U.S. nuclear power plants, in nuclear medicine and for distant space missions is imported from Russia and two of its closest allies, Kazakhstan and Uzbekistan, both former Soviet states. Yet despite Russia’s atrocities in Ukraine, the United States continues to pay Russia $100 million a month for uranium. This is absurd.

Congress is considering legislation to ban imports of Russian uranium, but the Biden administration — which has imposed sanctions against Russian sales of oil and natural gas — wants the uranium shipments to continue.

Let’s be clear: Sanctions have been only partly successful in putting pressure on Russia’s economy and slowing its war […]

Uranium Energy Corp. (UEC): Investors are paying attention to this stock

Uranium Energy Corp. (UEC): Investors are paying attention to this stock

At the end of the latest market close, Uranium Energy Corp. (UEC) was valued at $4.13. In that particular session, Stock kicked-off at the price of $4.24 while reaching the peak value of $4.28 and lowest value recorded on the day was $3.99. The stock current value is $3.52.Recently in News on April 20, 2022, Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8. NYSE American Symbol – UEC. You can read further details here

Uranium Energy Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.60 on 04/13/22, with the lowest value was $2.34 for the same time period, recorded on 01/28/22.

Here’s Your FREE Report on the #1 Small-Cap Uranium Stock of ’22.
Small-cap Uranium stocks are booming in 2022! The company we’re about to show you […]

Uranium Energy Corp. (AMEX:UEC) trade information

In the last trading session, 11.58 million shares of the Uranium Energy Corp. (AMEX:UEC) were traded, and its beta was 2.00. Most recently the company’s share price was $4.13, and it changed around -$0.13 or -3.05% from the last close, which brings the market valuation of the company to $1.21B. UEC currently trades at a discount to its 52-week high of $6.60, offering almost -59.81% off that amount. The share price’s 52-week low was $1.89, which indicates that the current value has risen by an impressive 54.24% since then. We note from Uranium Energy Corp.’s average daily trading volume that its 3-month average coming to 14.99 million.

Uranium Energy Corp. stock received a consensus recommendation rating of an Overweight, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 […]

Is It Worth Investing in Uranium Energy Corp. (AMEX :UEC) Right Now?

Is It Worth Investing in Uranium Energy Corp. (AMEX :UEC) Right Now?

Uranium Energy Corp. (AMEX:UEC) went down by -3.05% from its latest closing price compared to the recent 1-year high of $6.60. The company’s stock price has collected -2.82% of loss in the last five trading sessions.

Plus, the 36-month beta value for UEC is at 2.00. Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for Uranium Energy Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

Here’s Your FREE Report on the #1 Small-Cap Uranium Stock of ’22.
Small-cap Uranium stocks are booming in 2022! The company we’re about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one! […]

Energy revolution is coming

Energy revolution is coming

‘There are more than a billion passenger vehicles in the world. It is impossible to make batteries for all of them and to keep them powered,’ the Harvard professor of environmental sciences and head of the Air, Climate and Energy Center says. The war in Ukraine is having a significant impact on many parts of the world, including Greece, prompting Kathimerini to seek out one of the pre-eminent authorities who can shed light on what this means in terms of energy.

Dr Petros Koutrakis is a professor of environmental sciences at the University of Harvard and head of the Air, Climate and Energy Center, which accommodates researchers from both Harvard and the Massachusetts Institute of Technology (MIT).

“Einstein said that in the midst of every crisis lies great opportunity. I believe that Russia’s invasion of Ukraine is a turning point that will forever change security, energy and environmental policy,” says the […]

Select Sands (OTCMKTS:SLSDF) and Centrus Energy (NYSE:LEU) Financial Comparison

Select Sands (OTCMKTS:SLSDF) and Centrus Energy (NYSE:LEU) Financial Comparison

→ Bargain in Today’s Market (SHOCKING) (Ad)

Select Sands ( OTCMKTS:SLSDF – Get Rating ) and Centrus Energy ( NYSE:LEU – Get Rating ) are both small-cap basic materials companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, valuation, dividends, risk, profitability and institutional ownership.

Institutional & Insider Ownership

49.0% of Centrus Energy shares are held by institutional investors. 14.0% of Centrus Energy shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term. Whether you’re looking to learn the basics of futures or are a seasoned vet looking to hone your trading skills, our Technical Analysis Guide has everything you need to succeed in today’s futures markets! Risk & Volatility Select Sands has a beta […]

ENCORE ENERGY APPOINTS PETER LUTHIGER AS CHIEF OPERATING OFFICER

ENCORE ENERGY APPOINTS PETER LUTHIGER AS CHIEF OPERATING OFFICER

CORPUS CHRISTI, Texas, May 3, 2022 /PRNewswire/ – enCore Energy Corp. (" enCore " or the " Company ")

ENCUF announced today the appointment of Mr. Peter Luthiger as Chief Operating Officer. Mr. Luthiger will be responsible for the commissioning and operation of the Rosita Uranium Processing Plant in South Texas. The Plant modernization and refurbishment is essential to the Company goal of becoming the next producer of American uranium. Mr. Luthiger will also be integral to the Company’s plant capacity expansion in South Texas, along with expansion of operations in Wyoming, South Dakota, and New Mexico.

CEO Paul Goranson stated "We are very excited that Peter Luthiger has joined the enCore Energy team. I have had the good fortune of working with Peter over a span of 25 years as his direct supervisor and as a colleague in the uranium industry. He has earned my complete trust and has […]

Can You Invest in Uranium? 3 Stocks to Consider

Can You Invest in Uranium? 3 Stocks to Consider

Uranium stocks are likely to stay in the limelight as the U.S. looks to decrease reliance on Russian suppliers.

Cameco Corporation ( CCJ ): This uranium producer is keeping some of its mines idle, betting on higher uranium prices in the future.

Global X Uranium ETF ( URA ): This thematic fund provides exposure to global companies involved in uranium exploration and mining.

Uranium Energy ( UEC ): The acquisition of Uranium One offers access to Irigaray, a large uranium processing facility that has become a central hub for satellite uranium mining projects in Wyoming. Powdered and solid uranium in front of a white background. Source: RHJPhtotos / ShutterstockUranium stocks have been flaming hot since Russia invaded Ukraine in late February. Rising fossil fuel costs have prompted several countries, including the U.S., to look at nuclear energy more closely.Recent metrics suggest “At the end of […]

Nuclear Fuels Sales Market Size, Development Data, Growth Analysis & Forecast 2022 to 2028 | ARMZ Uranium Holding Company, Cameco, Energy Resources of Australia, BHP Billiton, Canalaska Uranium, Kaโ€ฆ

Nuclear Fuels Sales Market Size, Development Data, Growth Analysis & Forecast 2022 to 2028 | ARMZ Uranium Holding Company, Cameco, Energy Resources of Australia, BHP Billiton, Canalaska Uranium, Kaโ€ฆ

Global “ Nuclear Fuels Sales Market ” Reports 2022 provide key industry studies for Nuclear Fuels Sales manufacturers with specific statistics, significance, definition, SWOT analysis, expert opinion and the latest developments in the world. The research report also covers market size, price, sales, revenue, market shares, gross margin, growth rate and cost structure. The report aims to provide a further selection of the latest scenario, the economic downturn and the effect of Covid-19 on the industry in general.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://reportsglobe.com/download-sample/?rid=60453

The authors of the report make an encyclopedic assessment of the most important regional markets and their development in recent years. Readers are provided with accurate facts and figures about the Nuclear Fuels Sales market and its important factors such as consumption, production, revenue growth and CAGR. The report also shares the gross […]

Uranium Royalty Corp. (NASDAQ:UROY) trade information

Uranium Royalty Corp. (NASDAQ:UROY) trade information

Uranium Royalty Corp. (NASDAQ:UROY)’s traded shares stood at 0.77 million during the last session. At the close of trading, the stock’s price was $3.32, to imply a decrease of -0.60% or -$0.02 in intraday trading. The UROY share’s 52-week high remains $5.95, putting it -79.22% down since that peak but still an impressive 32.23% since price per share fell to its 52-week low of $2.25. The company has a valuation of $305.96M, with average of 719.90K shares over the past 3 months.

After registering a -0.60% downside in the last session, Uranium Royalty Corp. (UROY) has traded red over the past five days. The stock hit a weekly high of 3.53 this Friday, 05/06/22, dropping -0.60% in its intraday price action. The 5-day price performance for the stock is -1.48%, and -18.63% over 30 days. With these gigs, the year-to-date price performance is -9.04%.

Here’s Your FREE Report on the […]

Sprott: The AUM Growth Continues In 2022

Sprott: The AUM Growth Continues In 2022

akinbostanci/iStock via Getty Images Investment Thesis

The Sprott (NYSE: SII ) stock price has had a relatively turbulent 2022, where it sold off initially, then recovered substantially, to finally decline with most stocks over the last few weeks. Data by YCharts Figure 1 – Source: YCharts

Historically, Sprott has traded mostly with the precious metals industry. More recently, the stock has had a very close correlation with the uranium industry. Part of it makes sense given that the Sprott Physical Uranium Trust ( OTCPK:SRUUF ) and Sprott Uranium Miners ETF ( URNM ) have increased the exposure to the industry. However, the vast majority of Sprott’s AUM is precious metals focused and only 20-25% is in uranium.

Sprott is a company which has had very impressive AUM and earnings growth over the last few years, but that has also been reflected in the stock price. Figure 2 – Source: Quarterly […]

Skyharbourโ€™s Partner Company Basin Uranium Corp. Announces Completion of Second Drill Hole at Mann Lake Uranium Project, Saskatchewan

Skyharbourโ€™s Partner Company Basin Uranium Corp. Announces Completion of Second Drill Hole at Mann Lake Uranium Project, Saskatchewan

Skyharbour Resources Ltd Vancouver, BC, May 05, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”) is pleased to announce it has completed the second diamond drill hole at the Mann Lake uranium project in Saskatchewan’s prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Highlights : Second diamond drill hole was completed to a depth of 683 metres

Third diamond drill hole currently being collared ahead of drilling to target depth of 700 metres

Anomalous gamma probe and scintillometer readings were recorded at 660 metres depth with visual uranium mineralization (allanite) observed Core logging and sampling remains […]

Can You Invest in Uranium? 3 Stocks to Consider

Can You Invest in Uranium? 3 Stocks to Consider

Uranium stocks are likely to stay in the limelight as the U.S. looks to decrease reliance on Russian suppliers.

Cameco Corporation ( CCJ ): This uranium producer is keeping some of its mines idle, betting on higher uranium prices in the future.

Global X Uranium ETF ( URA ): This thematic fund provides exposure to global companies involved in uranium exploration and mining.

Uranium Energy ( UEC ): The acquisition of Uranium One offers access to Irigaray, a large uranium processing facility that has become a central hub for satellite uranium mining projects in Wyoming. Source: RHJPhtotos / ShutterstockUranium stocks have been flaming hot since Russia invaded Ukraine in late February. Rising fossil fuel costs have prompted several countries, including the U.S., to look at nuclear energy more closely.Recent metrics suggest “At the end of 2021, there were 93 operating reactors with a combined generation capacity of about 95,492 […]

Why Uranium is an interesting investment in 2022?

Why Uranium is an interesting investment in 2022?

Uranium investment has gained a lot of attention in the past few months. Uranium is an important source of fuel for the nuclear energy industry.

With the increasing threat of escalation of Russia-Ukraine war does this make an important investment? &

How can I trade Uranium?

Uranium Price over the last two decades Uranium is an important source of fuel for the nuclear energy industry. Uranium has a high price volatility and tends to move along with the forces of supply & demand and geopolitical pressures. The price of Uranium between 2000-2010 has shown great volatility. Uranium price was at a low of 7$/lb in 2000, from 2003 Uranium started showing an upward trend in prices, with prices booming from 2005 to 2007 and peaking at $138/lb. Then the price of Uranium saw a dramatic fall to 40$/lb in 2010. As it was clear that demand will remain much larger than […]

Skyharbourโ€™s Partner Company Basin Uranium Corp. Announces Completion of Second Drill Hole at Mann Lake Uranium Project, Saskatchewan

Skyharbourโ€™s Partner Company Basin Uranium Corp. Announces Completion of Second Drill Hole at Mann Lake Uranium Project, Saskatchewan

Vancouver, BC, May 05, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”) is pleased to announce it has completed the second diamond drill hole at the Mann Lake uranium project in Saskatchewan’s prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Mann Lake Uranium Project
https://www.skyharbourltd.com/_resour c es/maps/SKY_MannLake_20211129.jpg

Highlights : Second diamond drill hole was completed to a depth of 683 metres
Third diamond drill hole currently being collared ahead of drilling to target depth of 700 metres Anomalous gamma probe and scintillometer readings were recorded at 660 metres depth with visual uranium mineralization (allanite) observed Core […]

ETF launches cap frenetic fund activity in uranium sector

ETF launches cap frenetic fund activity in uranium sector

Nuclear power has been added to the EU’s green taxonomy © Lehtikuva/AFP via Getty Images Latest news on ETFs

Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools

The launch of the first two European-listed uranium exchange traded funds, coming hot on the heels of a $1bn US uranium ETF acquisition, are the latest indicators of what has been a flurry of fund activity in nuclear fuel investment.

But despite the huge speculative interest, especially from investors in an investment trust that is less than a year old, industry observers warn there are no guarantees that last year’s strong performance will be repeated — even with a looming European energy crisis sparked by the Ukraine war.The speculative activity has been led by Sprott Asset Management, which gained notoriety last year after its Sprott Physical Uranium Trust (SPUT), which launched in July, began stockpiling […]