CGN Mining Company Limited has announced a new Sales and Purchase Agreement for Natural Uranium with China Uranium Development, a controlling shareholder directly interested in approximately 56.43% of the company's issued shares. This agreement is classified as a connected transaction and is contingent upon the approval of Independent Shareholders. Should the conditions precedent not be fulfilled by December 31, 2025, the agreement will be terminated. The purchase price is set with reference to the forecasted spot price of US$75.78/lb as projected in the 2025 market report by UxC. Additionally, the company has entered into new framework agreements for financial services with CGN Finance and CGNPC Huasheng, ensuring that loans and facilities will remain on favorable commercial terms without asset security, thus exempting them from certain regulatory requirements.
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