Denison Mines Corp. is pleased to announce that it has entered into a new long-term contract for the sale of uranium from its production facilities in the United States and Canada.
– By Abby Gessner –
The new agreement provides for the delivery of 1,000,000 pounds of U3O8 over a period of five years beginning in 2011. The price under the contract is a combination of an escalated base price and published market price indicators at the time of delivery, subject to escalated floors and ceilings.
In addition to this new long-term uranium sales contract, Denison has three other long-term sales contracts in place, and ongoing discussions with additional prospective clients. Mr. Peter Farmer states, "Denison will continue to enter into similar long-term uranium sales contracts with nuclear utilities world-wide at prices which will support the continued development of its uranium reserves and resources and the operation of its uranium production facilities."