Uranium companies announce strategic purchase plans : Uranium & Fuel - World Nuclear News (world-nuclear-news.org)
"Despite our focus on low cost in-situ recovery mining with its low capital requirements, we see a unique opportunity to purchase drummed uranium at prevailing spot prices which are below most global industry mining costs," he said. "Hence, we are establishing a physical uranium inventory initiative and have entered into initial agreements totalling USD10.9 million to purchase 400,000 pounds of US warehoused uranium at our account with the ConverDyn facility in Metropolis, Illinois."
Uranium companies announce strategic purchase plans : Uranium &...
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