TradeTech’s PCI Shows Uranium Production Cost Increases Due to Inflation

TradeTech’s monthly Production Cost Indicator™ (PCI) value, which captures the company’s proprietary judgment of the life-of-mine full cost (LoM C3™) necessary to incentive and support new primary uranium production, increased 6.6 percent (US$3.50) in September to $56.20 per pound U3O8, marking 16 months without decline and the highest value since the Indicator’s inception in April 2020.

“TradeTech’s perception of risk specific to each uranium project, including considerations of how risk translates to—and impacts—mining and production economics is particularly relevant to the company’s assessment of uranium production costs,” said TradeTech President Treva Klingbiel. TradeTech’s monthly Production Cost Indicator™ (PCI) value, which captures the company’s proprietary judgment of the life-of-mine full cost (LoM C3 ™) necessary to incentive and support new primary uranium production, increased 6.6 percent (US$3.50) in September to $56.20 per pound U3O8, marking 16 months without decline and the highest value since the Indicator’s inception in April 2020.

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