Post by
lithomon on Oct 05, 2023 11:49pm
GLO Locks-in U3O8 Agreement with Looming Supply Crunch
Seasoned veteran Steve Roman rolling right along with Uranium development, construction and locking-in supply arrangements with global Tier 1 utilities.
See key takeaway highlights from recent offtake contract as utilities are scrambling to lock-in U3O8 supply amidst a rising price and supply crunch environment.
Get GLO into U3O8 production then strategically add a Lithium energy division to the mix (e.g., acquire one-stop shopping high grade multiple Lithium mines in Red Lake Ontario mining region (Frontier Lithium), Ready-to-go, just needs the seasoned operator(s) to guide the infrastructure construction, high quality exploration completed & future year resource expansion wide open.
THIRD AGREEMENT TO SUPPLY URANIUM TO NORTH AMERICAN NUCLEAR UTILITIES
The total offtake now contracted is approximately 30 per cent of Dasa's initial five-year scheduled production.
The pricing formula applied in this agreement captures firming fundamentals.
Revenue potential of this award at current prices, valued at approximately $250-million (U.S.) in nominal terms, reflects the company's continued strategy of establishing sales contracts in support of Tier 1 global utilities.
Global Atomic is pleased to provide a fuel solution for defined North American utility demand, at a time of increasing supply uncertainty.
Tremendous support of the Dasa project recently demonstrated at the 2023 WNA Conference in London, which is resulting in more offtake discussions currently under way.