Australian state of New South Wales considers lifting uranium ban

• •This is pretty big news for the materials sector, especially with the global push for cleaner energy.
• •My initial reaction is cautiously optimistic.
• •While I don't expect an immediate boom, the fact that the bill passed NSW’s Upper House is a significant step.

Just read this article about NSW potentially lifting its uranium ban (https://www.mining.com/australian-state-of-new-south-wales-conwsiders-lifting-uranium-ban/). This is pretty big news for the materials sector, especially with the global push for cleaner energy. For years, I've had a small position in a few global uranium miners, more as a long-term speculative play for my kids' education fund, banking on exactly this type of policy shift eventually happening somewhere.

My initial reaction is cautiously optimistic. While I don't expect an immediate boom, the fact that the bill passed NSW’s Upper House is a significant step. It shows a growing recognition of nuclear energy's role, and by extension, uranium's necessity, in addressing climate change and energy security. Australia has massive uranium reserves, so unlocking even a portion of that could be a game-changer for the supply side. I've personally been following the energy transition for my own retirement planning, and reliable baseload power like nuclear will absolutely be part of the mix, despite public perception challenges.

What do you all think about this? Does anyone here have direct exposure to Australian resource companies? Are you factoring this kind of regulatory change into your investment decisions at all, or is it still too early to tell if it'll get through all the hoops? Would love to hear some other perspectives on this, especially from those closer to the Aussie market.