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- Alligator Energy (AGE) has partnered with global uranium group Traxys to advance projects and market opportunities
- The company signed an agency agreement with the U.S. arm of Traxys
- Under the agreement, Traxys will act as Alligator’s exclusive agent for the marketing of produced uranium
- Notably, the agreement will cover product marketing and offtake, finance and logistics support, development finance and future opportunities evaluation
- Alligator Energy has opened 25 per cent up, trading at 2 cents per share
Alligator Energy (AGE) has partnered with global uranium group Traxys to advance projects and market opportunities.
The company signed an agency agreement with the U.S. arm of Traxys.
Under the agreement, Traxys will act as Alligator’s exclusive agent for the marketing of produced uranium.
Notably, the agreement will cover product marketing and offtake, finance and logistics support, development finance and future opportunities evaluation.
Traxys is a long-standing metals, minerals and alloys merchant that has an annual turnover exceeding US$6 billion (around A$7.6 billion). It has marketing and trading groups that cover the Americas, Europe, Australia and Asia and handles up to 15 million pounds of Triuranium octoxide annually.
“This exciting strategic partnership with Traxys will provide expanded
opportunities for Alligator in the project development, uranium offtake and targeted acquisition arenas,” CEO Greg Hall said.
“With planning for the upcoming Samphire Project drilling program well underway, and agreements in place with ANSTO for updated metallurgical testing, the Traxys agreement adds exceptional experience towards our goal of becoming a future uranium producer,” he added.
Traxys will be remunerated largely through a success-based compensation model, with payment for the establishment of long-term uranium offtake contracts with nuclear utilities.
“Traxys is pleased to be entering a strategic relationship with Alligator Energy as it transitions from an exploration stage company to a developer and producer focused on the critical supply of uranium,” said Kevin Smith, Traxys’ Managing Director for Uranium.
“As the world increasingly recognizes the importance of nuclear power as one of the potential solutions to global climate change, we believe the Traxys Alligator combination will be well-positioned to capitalize on this opportunity,” he added.
Alligator Energy has opened 25 per cent up, trading at 2 cents per share at 10:11 am AEST.
