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exploration|mining|projects

Madison reports initial sales of first uranium-backed NFT

28th October 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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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

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