- Madison Metals (GREN) has received the first capital inflow from the first tranche mint launch of the Lux Uranium token
- Net proceeds from the first tranche totalled US$5.12 million
- The five-year exclusive supply agreement initially provides 7.65 million pounds of U 3 O 8 that Madison has contributed to the Lux partnership
- Madison Metals is an upstream mining and exploration company
- Madison Metals Inc. (GREN) is up 1.72 per cent on the day, trading at C$0.59 per share at 10 am ET
Madison Metals (GREN) has received the first capital inflow from the first tranche mint launch of the Lux Uranium token.
Net proceeds from the first tranche totalled US$5.12 million.
The initial sales have exceeded all Lux projections as the non-fungible tokens (NFTs) continue to offer an exceptional value proposition for exposure to uranium at a marginal discount to the current U 3 O 8 spot price of US$52.60.
The five-year exclusive supply agreement initially provides 7.65 million pounds of U 3 O 8 that Madison has contributed to the Lux partnership from Madison’s uranium projects in Namibia to back the first-ever uranium-backed NFTs. Lux NFTs minted exclusively on their network bring liquidity and universal access to the uranium market and usher in a new era for both the tokenization of physical assets and distribution.
Madison Metals is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada.
Madison Metals Inc. (GREN) is up 1.72 per cent on the day, trading at C$0.59 per share at 10 am ET.
