Uranium developer Global Atomic has contracted nearly 1.5-million pounds a year of uranium oxide (U3O8) over the Dasa mine’s initial five years of operation, the Toronto-listed company reported on Monday, announcing a letter of intent (LoI) for its third agreement to supply a North American nuclear utility. The company will supply up to 3.5-million pounds of U3O8 within a multi-year delivery window, beginning in 2026, representing about 14% of Dasa’s yearly adjusted Phase 1 production over the period.
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