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The company said that the new sales agreement calls for the annual delivery of 300,000 pounds of uranium concentrates over a five-year period beginning in 2024, adding that sales prices are anticipated to be profitable on a company-wide, all-in cost basis and are escalated annually from the initial pricing in 2024.
Importantly, Ur-Energy said it continues in its ongoing discussions with other nuclear fuel companies with the objective of layering in sufficient additional term offtake contracts to incentivize a ramp-up of production at Lost Creek.
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