Mentioned:
Uranium Energy is doubling down on their bet on the future price of uranium. But, why?
What’s happening:
- Uranium Energy (NYSE: UEC) has entered into definitive contracts to deliver 1.1M pounds of uranium to two utility companies in the United States
Why it matters:
- The two new contracts represent the largest long term sales commitment that Uranium Energy has entered into
Going deeper:
- Each delivery will be priced at the spot price of uranium at the time of delivery with no floor, ceiling or discount
- Uranium Energy will deliver 100,000 pounds annually under each contract
