Partners with Global Uranium Group Traxys
Brisbane, May 10, 2021 AEST (ABN Newswire) – Alligator Energy (ASX:AGE) is very pleased to announce that it has formed a strategic relationship with Traxys North America LLC (Traxys), the U.S. arm of the global commodities trading group Traxys. Under an Agency Agreement signed today, Traxys will provide uranium marketing services for future uranium production, long term offtake contracting, project development financing and assist in uranium project acquisition opportunities.
Traxys is a long-standing metals, minerals and alloys merchant, with a turnover exceeding US$ 6 billion annually. Their uranium marketing and trading group covers the Americas, Europe, Australia and Asia and transacts up to 15 million lbs U3O8 annually, along with managing contract supply books in conversion, UF6, futures and options.
During the term of the Agreement Traxys will act as Alligator’s exclusive agent for the marketing of produced uranium. Alligator expects this Agreement will provide substantial value to Shareholders through:
– Support to accelerate Alligator’s development of the Samphire Uranium Project and contract sales book;
– Leveraging Traxys’ market intelligence, financing strength and customer relationships with nuclear utility uranium buyers to maximise future product pricing and project revenues;
– Working with Alligator on continued evaluation of external uranium resource opportunities to develop a future supply pipeline;