Alligator Energy signs with Traxys in first step towards becoming a uranium producer

ASX-listed Alligator Energy signs deal with global commodities trader Traxys. Picture: Getty Images share

Uranium and cobalt-nickel explorer, Alligator Energy (ASX:AGE) , has made the first step towards becoming a uranium producer, after announcing a strategic agreement with global commodities trader, Traxys.

The agreement saw Alligator forming an exclusive partnership with Traxys North America LLC, the US arm of the commodities trading group Traxys.

Under the deal, Traxys will provide a full scope of work for Alligator’s uranium project, which includes marketing services on future uranium production, long term off-take contracting, and project development financing.Traxys will also assist Alligator in project acquisition opportunities. Becoming a uranium producer Traxys is a well-known global player in the trading of metals, minerals and alloys, with a turnover exceeding US$6 billion annually.The company’s uranium trading division covers the regions of Americas, Europe, Australia and Asia, and transacts up to 15 million pounds of U308 annually. […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.