I would temper my expectations on price. "Term pricing benchmarks" is a bit vague - most recent long term price indicators are still at ~$53/lb as per Tradetech reports (https://www.fnarena.com/index.php/2022/12/13/uranium-week-the-russia-factor/). Nonetheless, I'm sure it still would've been at an attractive price for management to have put a bid on it.
Ann: PEN Awarded Supply Contract for US Strategic Uranium Reserve, page-12
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