CGN MINING (01164) rose nearly 4% again, with a gain of 3.45% at the time of writing, trading at HK$3.3 and a turnover of HK$22.18 million. According to Goldman Sachs' latest research report, the spot uranium price is expected to rise to around $91 per pound by the end of 2026, compared to the current $76, implying at least a 20% upside. While different mechanisms drive the spot and long-term contract markets, the bank believes both markets face upside price risks in 2026, with long-term contract prices already rising from $80 to $86 per pound since August. Goldman Sachs' model indicates a cumulative uranium supply gap of about 13% between 2025 and 2035, which is projected to widen further to 32% from 2025 to 2045. SDIC Securities International recently released a report stating that a new transaction framework will drive simultaneous growth in CGN MINING's future revenue and profits. In early June, the company announced a revised pricing framework for related-party transactions with CGN Group for 2026–2028. The new sales pricing shifts from 40% base price + 60% spot price over the past three years to 30% base price + 70% spot price, while the base price was significantly raised from $61.78, $63.94, and $66.17 per pound to $94.22, $98.08, and $102.10 per pound, respectively. The company's future sales revenue and profits are expected to see substantial growth.