By: Nghiinomenwa-vali Erastus
Fifty percent of Langer Heinrich Mine Uranium Mine’s total production has already gained offtake/customers for the life of the mine.
This has cast light on the importance of uranium as countries enhance their uranium enrichment for energy production/generation and other uses globally.
This was revealed by Paladin, the shareholder who owns 75% of the mine in its latest quarterly (4th Quarter 2024).
Paladin continues to develop its offtake contract book and has also revealed that it has added another sales agreement signed during the 4th Quarter OF 2024.
The Company now has 11 offtake contracts with tier-one global customers, “with approximately 50% of the LHM production contracted over its life of mine”.
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