Cigar Lake mine in Saskatchewan was flooded in October 2006 before opening, causing uranium prices to spike 700% (7x) in six months, establishing uranium as a commodity with parabolic supply response.

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Speaker

Nick Lawson

Evidence Quote

in October of 2006, uh, Cigar Lake...was flooded and the price of uranium went up seven times in six months.

Source

Nick Lawson & Ben Finegold: The Uranium Squeeze & How To Play ItWealthion
Created: 8/11/2026, 6:31:16 AM

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