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 aligns […]
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