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Mercuria Signs First Uranium Financing Deal With Malawi Miner

Mercuria Signs First Uranium Financing Deal With Malawi Miner
Bloomberg Markets Monday 29 June 2026, 11:15 UTC By William Clowes, Archie Hunter 1 min read
Key Points

Mercuria Signs First Uranium Financing Deal With Malawi Miner Trading house Mercuria Energy Group Ltd. signed its first prepayment agreement with a uranium miner, striking a deal with the owner of an operation in Malawi. Australia’s Lotus Resources Ltd. said last week it has signed a non-binding term sheet with the commodity trader for production from the its Kayelekera mine. If finalized, Mercuria will pay up to $30 million and be able to market 3 million pounds of uranium over 30 months.

Mercuria Signs First Uranium Financing Deal With Malawi Miner Trading house Mercuria Energy Group Ltd. signed its first prepayment agreement with a uranium miner, striking a deal with the owner of an operation in Malawi. Australia’s Lotus Resources Ltd. said last week it has signed a non-binding term sheet with the commodity trader for production from the its Kayelekera mine. If finalized, Mercuria will pay up to $30 million and be able to market 3 million pounds of uranium over 30 months.
Mercuria Signs First Uranium Financing Deal (ORG) Malawi (LOCATION) Miner Mercuria (PERSON) Malawi Miner Trading (ORG) Mercuria Energy Group Ltd. (ORG) Australia (LOCATION) Lotus Resources Ltd. (ORG) Kayelekera (ORG) Mercuria (ORG)
Originally published by Bloomberg Markets Read original →

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