Uranium Energy Corp. (UEC) announced that its subsidiary has entered into definitive long-term sales agreements with two U.S. nuclear utilities. The contracts are for the supply of 1.1 million pounds of uranium concentrates (U3O8) over a six-year period. A key feature is that all deliveries will be priced at prevailing spot market rates, aligning with the company's unhedged sales strategy.
Key Details
- Total Quantity & Duration: Agreements cover a total of 1.1 million pounds of U3O8 to be delivered over six years.
- Pricing Terms: The contracts are fully unhedged, with deliveries priced at prevailing spot market prices, containing no price floors, ceilings, discounts, or fixed pricing.
- Delivery Schedule: Deliveries are scheduled to begin in 2027 under one contract (100,000 lbs/year through 2032) and in 2028 under the second contract (100,000 lbs/year through 2032).