Lotus inks offtake with North American utility
ASX-listed Lotus Resources has bagged another sales agreement with a leading North American utility for offtake from its Kayelekera mine in Malawi, the company announced on Monday. Lotus said the contract pricing was a fixed US-dollar price based on the published long-term prices of leading nuclear market research and analysis companies, less a non-material discount. A fixed-price yearly escalation percentage applied from the time of first delivery for subsequent delivery years, with the amount in line with Reserve Bank of Australia long term inflation target.
ASX-listed Lotus Resources has bagged another sales agreement with a leading North American utility for offtake from its Kayelekera mine in Malawi, the company announced on Monday.
Lotus said the contract pricing was a fixed US-dollar price based on the published long-term prices of leading nuclear market research and analysis companies, less a non-material discount. A fixed-price yearly escalation percentage applied from the time of first delivery for subsequent delivery years, with the amount in line with Reserve Bank of Australia long term inflation target.
