UEC signs unhedged long-term sales contracts with two prominent US utilities

NYSE American-listed Uranium Energy Corporation (UEC)’s US Uranium subsidiary has entered into definitive long-term sales agreements with two prominent US nuclear utilities. UEC explains that the supply contracts cover a total of 1.1-million pounds of uranium octoxide (U3O8) to be delivered over six years. Each delivery will be priced at prevailing spot market prices, keeping the company fully unhedged to future uranium prices.