CGN Mining renews key agreements for uranium sales and services

CGN Mining Co (HKEX:1164) has entered into new sales and financial services framework agreements, ensuring continued transactions with key stakeholders. The agreements, aimed at securing a stable income stream and optimizing financial operations, include a sales framework agreement with CGNPC-URC for natural uranium sales between January 1, 2026, and December 31, 2028, setting annual sales caps ranging from HKD3,943,613,653.68 to HKD4,561,098,810.61. The pricing mechanism will be based on international price indicators and includes both forecasted and spot prices.