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(Sharecast News) - Specialist uranium company Yellow Cake updated the market on the offer from Kazatomprom on Thursday, which it initially announced on 12 June.
The AIM-traded firm said it had now signed an agreement with Kazatomprom to purchase a further two million pounds of triuranium octoxide at a price of $32.23 per pound, for a total consideration of $64.5m.
It expected delivery to take place between October and December.
"Once this transaction has completed, the company's total holdings will increase to 15.86 million pounds of triuranium octoxide," the board said in its statement.
At 1016 BST, shares in Yellow Cake were up 0.93% at 256.35p.
9 Jul 2018 11:12
Yellow Cake Receives 8.1 Million Pounds Of Uranium From Kazatomprom
LONDON (Alliance News) - Yellow Cake PLC said Monday it received 8.1 million pounds of long term physical uranium (U3O8) from uranium producer Kazatomprom.The uranium investor is storing at
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