PEN - NFWG - U3O8 - Breakout!, page-702

PEN should be a front runner for any NFWG buying contracts because of its current contracts out to 2030,.. IM hoping for a NFWG 300,000 pounds ten year contract at $55-$65lb.

Peninsula has up to 6.2 million lbs of U3O8 remaining under contract for delivery to major utilities located in the United States and Europe through to 2030 at a weighted average delivery price of US$51-53/lb U3O8. Within the quantity of 6.2 million lbs U3O8, 4.3 million lbs U3O8 are committed quantities for delivery through to 2030. Up to 1.9 million lbs U3O8 are deliveries that are optional, at the election of the respective customers, to be delivered between 2021 and 2026. These contracts provide a substantial revenue stream to the Company whilst allowing it to preserve significant quantities of planned U3O8 production for contracting during future periods. A decision to exercise optional deliveries for approximately 450,000 lbs U3O8 needs to be made by the relevant customer on or before 31 March 2020.

And,.. The Company continues to engage with its existing and potential new customer base regarding possible new long-term uranium concentrate sale and purchase agreements targeting pricing mechanisms that would support increased production scenarios under the planned transition to low pH ISR mining at the Lance Projects.