The agreement’s pricing structure contains floor prices to provide Uranerz with downside protection and ceiling prices which protect the buyer from unlimited upside price risk.
This is the second contract signed by Uranerz for the sale of uranium to a US utility; the company has announced its first such contract in July 2009.
Uranerz continues to pursue additional uranium off-take sales opportunities to develop a portfolio that reflects a balance between market-related and fixed price contracts thus providing appropriate security to market price fluctuations, production cost fluctuations and pricing diversification.
