Mercuria Signs $30 Million Uranium Prepay Deal for 3 Million Pounds From Malawi Mine
Updated
Updated · Bloomberg · Jun 29
Mercuria Signs $30 Million Uranium Prepay Deal for 3 Million Pounds From Malawi Mine
1 articles · Updated · Bloomberg · Jun 29
Summary
$30 million is the size of Mercuria Energy Group’s first prepayment agreement with a uranium miner, tied to output from Lotus Resources’ Kayelekera mine in Malawi.
The non-binding term sheet would let Mercuria market 3 million pounds of uranium over 30 months if the deal is finalized.
Lotus Resources, an Australian miner, disclosed the agreement last week as it advances plans around the Kayelekera operation.
The deal marks Mercuria’s entry into uranium mine financing, extending the trading house’s role beyond marketing into upstream supply support.