Paladin Energy Secures Two Uranium Off-Take Agreements

Paladin Energy Ltd. (TSX:PDN,ASX:PDN) announced it has secured two mid-term off-take agreements for uranium production originating at its mines in Namibia and Malawi.

As quoted in the press release:

These agreements are for the purchase of a total of 6.3Mlb U₃O₈ to be delivered from late 2012 to end 2015 at approximately 2Mlb pa. Pricing will be determined predominately by the market price at the time of delivery (without floor or ceiling limitations) while a minority portion of the delivery prices will be in accordance with a series of specified fixed prices which exceed current spot uranium prices.

Click here to read the Paladin Energy Ltd. (TSX:PDN) press release.