- Despite reporting a Q1 loss, we are already realizing benefits of our cost reduction plans with around 30% decreases in average cost of production, admin costs and exploration costs.
- Transition to a positive market will be signaled by combination of Japanese restarts, further supply reductions, continued Chinese reactor build and return of long-term contracting in meaningful quantities.
- Will continue to manage our supply with the goal of remaining competitive and positioning the company to capitalize with our low-cost supply when the market rebounds.
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