Resolves YES if the U3O8 spot price reported by UxC or TradeTech on September 29, 2026, is strictly above $60 per pound. This market captures the impact of Kazatomprom's long-term contract with India, which is expected to reduce spot market supply and potentially drive prices higher. The current spot price is approximately $81.70/lb, but given market volatility and contracting cycles, $60/lb is chosen as a threshold near the expected price level to reflect realistic uncertainty. Only the official spot price on that 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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