This market resolves YES if the uranium spot price averaged over the last 15 months (excluding the last 3 months) exceeds $100 per pound U3O8 by 2028-03-31.
Measurement methodology:
Calculate average uranium spot price during the 15-month period ending 3 months before the settlement date
For 2028-03-31 settlement: measure average price from 2027-10-02 to 2028-12-31
Use daily spot price data from authoritative uranium market sources
"Spot price" means uranium oxide (U3O8) spot price, not long-term contract prices
YES if:
Verified average spot price in the measurement window is ≥$100/lb
Multiple sources confirm pricing through the period
NO if:
Average spot price remains below $100/lb
Only peak/spot prices (not average) would exceed threshold
Resolution sources (priority order):
UxC (The Ux Consulting Company) weekly spot price indicators
TradeTech Nuclear Fuel Weekly Spot Price Indicator
Numerco nuclear fuel price reports
Cameco uranium market data disclosures
Major commodity data providers (S&P Global, Bloomberg)