Madison Metals and Lux create first uranium backed NFT

Madison Metals and Lux create first uranium backed NFT Madison Metals has signed of a historic and first-of-its-kind uranium forward sales agreement with Lux Partners.

Lux operates Lux Network, the first decentralized blockchain integrated with and operated by a network of regulated bank and money transmitter partners.

The five-year exclusive supply agreement provides for the delivery of up to 20 million pounds of U3O8 from Madison’s uranium projects in Namibia following the commencement of commercial production. The fulfillment of the U3O8 delivery would back the first-ever uranium-backed non-fungible tokens.

RELATED: DCPL and Lycopodium secure EPCM phase of Dasa project GoviEx closer to becoming a significant uranium producer “Having the ability to potentially monetize our uranium resources at a premium using innovative technology provided by industry leaders is a testament to our forward-thinking strategy to deliver shareholder value,” said Duane Parnham, Executive Chairman and CEO of Madison Metals.“We believe there are many benefits to forward selling a portion […]

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