2025 offtake contratcs, page-2

2025 is fine not a big problem even if buying them on spot market. They last paid $7.50/lbs premium over contracted price to fulfill 200k lbs on market when the U spot was around $67s.

So say if the remaining 267k lbs not terminated and still to be fulfilled later this year at the same contracted price of $60/lbs , then failing to deliver that will only cost them $5m if U spot got up to $80/lbs.

You don't care how long it takes to get U off the ground , but you will definitely care if they came up with a shocker 500k lbs pa production guidance whilst unable to breakeven and making operational losses throughout the coming years , then keep asking for more money to ramp up production and dilute the fk out of you.