Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce the signing on May 30, 2023 of a multi-year uranium forward sales agreement with an international banking organization (“IBO”). The ten-year supply agreement provides for the commitment and delivery of the first 20 million pounds of U 3 O 8 from Madison’s in the ground resources. The IBO will facilitate market trades at a price to be determined at the time of transaction and within the context of the market. The sales floor for transactions will be set at USD$45 per pound of U 3 O 8 . 50% of the proceeds will be credited to Madison and the Company will provide quarterly updates on sales figures.

“Maintaining the belief in monetizing our uranium resources using innovative strategies, I am confident that this new sales agreement appropriately […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet