Talbot is pleased with Wednesday’s announcement for other reasons as well. “Two additional uranium sales contracts further de-risk the soon-to-be-operating Lance ISR project,” Talbot notes. “They increase revenue certainty, provide a stamp of approval from another two utilities, and demonstrate that utilities may be entering into term contracts again, which should be positive for the industry as a whole. Significant uncovered production remains available, either for contracts or for sale into the spot market, providing leverage to rising U3O8 prices.”
