Resolves YES if the U3O8 spot price, as reported by UxC or TradeTech on August 29, 2026, is strictly greater than $90 per pound. This threshold is near the expected structural floor price reflecting tightening uranium supply due to Kazatomprom's large long-term deal with India, which could remove about 2% of global supply from the spot market and push prices above current levels around $81.70/lb. Only the official spot price on that exact date counts; forward or futures prices do not resolve this market.

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

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