"The Company has agreed through mutual consent to terminate three of its sales contracts with global power utility companies for the delivery of dried yellowcake. These sales contracts represent 1,950,000 lbs over 8 years. These terminations follow delays in the completion of the Central Processing Plant, as well as a comprehensive review of operations, including wellfield development. As a result, the Company has concluded that terminating these agreements is necessary to support the reset of its production strategy. No take or pay obligations or liabilities have been carried forward. "
The Squeeze is now on each of those three US power utilities to replace those 1,950,000 lbs over 8 years
PDN Price at posting:
$7.56 Sentiment: Buy Disclosure: Held
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