Ann: Presentation - DFS Completed for Lance, page-101

15/8/2022, announcement
Existing Uranium Sales Contracts
The Company has five long-term uranium concentrate sale and purchase agreements. The
agreements are with operators of nuclear power plants located in North America and in Western
Europe.
The contracts have committed deliveries over the remainder of 2022 and until the end of 2030
of 3,450,000 pounds U3O8. Optional deliveries, at the election of the respective customer,
between 2024 and 2026 total 450,000 pounds U3O8. The weighted average delivery price of
these contracts, in nominal terms, is US$52.57/lb U3O8. The delivery price for the options does
not deviate significantly from the delivery price of the committed pounds and therefore the
price model is not sensitive to the election of the customers in this regard.