https://www.engineeringnews.co.za
Exploration|Mining|Projects
Exploration|Mining|Projects
exploration|mining|projects

Madison reports initial sales of first uranium-backed NFT

28th October 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Upstream mining and exploration company Madison Metals and fintech company Lux Partners have announced the first capital inflow from the first tranche of the Lux Uranium token.

Madison will receive $5.12-million in proceeds.

Madison has committed an initial 7.65-million pounds of triuranium octoxide from its uranium projects in Namibia to back the first-ever uranium-backed nonfungible tokens (NFTs).

Lux NFTs are minted exclusively on its network.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.236 0.291s - 158pq - 2rq
Subscribe Now