ENGLEWOOD, Colo., Oct. 4, 2022 /PRNewswire-PRWeb/ -- TradeTech's monthly Production Cost Indicator™ (PCI) value, which captures the company's proprietary judgment of the life-of-mine full cost (LoM C3 ™) necessary to incentive and support new primary uranium production, increased 6.6 percent (US$3.50) in September to $56.20 per pound U3O8, marking 16 months without decline and the highest value since the Indicator's inception in April 2020.
- While FAM 1 production costs are typically consistent with good project development, FAM 2 reflects a cost profile associated with greater susceptibility to risk.
- Identification of cost-related risk, such as inflation, means that projects have a greater propensity to produce uranium concentrates toward the upper levels of TradeTech's maximum conceivable production cost assumptions.
- "TradeTech's perception of risk specific to each uranium project, including considerations of how risk translates toand impactsmining and production economics is particularly relevant to the company's assessment of uranium production costs.
- The company's "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data.