Madison Metals Reports Initial Sales of First Uranium-backed NFT

The initial sales have exceeded all Lux projections as the non-fungible tokens (NFTs) continue to offer an exceptional value proposition, price discovery and transparency for exposure to uranium at a marginal discount to the current U 3 O 8 spot price as quoted at USD$52.60 using October 24, 2022 prices published by UxC and TradeTech . Additional guidance will be provided over the next two weeks as follow-on sales orders, market listings and partnerships are made public.

The five-year exclusive supply agreement initially provides 7.65 million pounds of U 3 O 8 that Madison has contributed to the Lux partnership from Madison’s uranium projects in Namibia to back the first-ever uranium-backed NFTs. Lux NFTs minted exclusively on their network bring liquidity and universal access to the uranium market and usher in a new era for both the tokenization of physical assets and distribution.

Learn more about Madison’s evolution via the newly […]

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