Sep. 4 at 10:22 AM
Lotus Resources message to utilities:
“No, you will not get remaining uranium easily. We now want market linked pricing, referenced to but not sold into, spotmarket. We want a higher price. We just did 65.3M AUD raise (42.6M USD) to allow us to stockpile uranium instead of selling it to you”
Future LOT stockpile of ~500,000lb at ~85 USD/lb (42.5M USD)
A drop in the ocean (global uranium supply deficit), but it means:
- NO uranium lbs from LOT will be available in spotmarket
- this is a sellers market (= sellers have the negotiation power). (Let utilities beg)
Higher uranium prices ahead
$URA $CCJ $UEC $NXE $GLATF