TORONTO, June 15, 2022 /CNW/ – Global Atomic Corporation ("Global Atomic" or the "Company") is pleased to advise that it has received a Letter of Intent for the procurement of uranium from a major North American utility. The award follows a comprehensive due diligence process conducted by the utility, and reflects the confidence the fuel buyers have in the Dasa operation.
HIGHLIGHTS The award defines the supply of 2.1 million pounds U 3 O 8 over a six-year period commencing in 2025, representing approximately 7 percent of Dasa’s production over the period.
Pricing is designed with two components to provide a blend of predictability and market exposure. The market component is linked to the uranium spot price index, subject to a floor and ceiling. The floor price ensures that the all-in sustaining costs of the Dasa operation are comfortably covered, and the ceiling allows the Company to benefit from […]
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