Resolves YES if the U3O8 spot price reported by UxC or TradeTech on September 29, 2026, is strictly greater than $50 per pound. This threshold is near the expected price level given Kazatomprom's long-term contract with India, which is likely to reduce spot market supply and push prices above the current $41-$45/lb range. The market uses authoritative spot price data from industry benchmarks UxC or TradeTech. The contract impact and uranium's structural floor near $90-$100/lb shadow price imply significant upside potential, making $50/lb a balanced threshold reflecting moderate price appreciation. Only the official spot price on the settlement date counts; intraday spikes or futures prices do not resolve the market.

The long-term contract implies reduced supply on the spot market, potentially driving up uranium prices.

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