The WNFM formed a working group to investigate approaches to improving the transparency of published market price information for spot uranium transactions. This group decided that a standard contract needed to be developed as a first step in meeting industry objectives. After considerable effort and review, the group developed a standard spot uranium sales contract that has been determined to be an acceptable template by a wide cross section of industry participants.
This contract template provides helpful information that may benefit any new uranium producers that are interested in gearing up to become a producer and ultimately selling their output. The contract is a living document and suggested changes will continue to be addressed as received. The contract template is enclosed and will remain on the WNFM web site to be available to any uranium market participant interested in using it.
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