Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here
SEEEN plc CEO, Adrian Hargrave, discusses operational & trading highlights & outlook for 2025
SEEEN plc CEO, Adrian Hargrave, discusses operational & trading highlights & outlook for 2025View Video
Majestic Corporation: An Introduction to Urban Mining and Critical Mineral Recycling
Majestic Corporation: An Introduction to Urban Mining and Critical Mineral RecyclingView Video

Latest Share Chat

Pin to quick picksYellow Cake Share News (YCA)

Share Price Information for Yellow Cake (YCA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 457.00
Bid: 455.00
Ask: 456.20
Change: 1.00 (0.22%)
Spread: 1.20 (0.264%)
Open: 455.80
High: 461.80
Low: 453.40
Prev. Close: 456.00
YCA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Yellow Cake confident despite fall in uranium prices

Mon, 21st Oct 2024 15:40

(Sharecast News) - Yellow Cake, a specialist company holding physical uranium for long-term investment, reported a 4.4% decrease in the value of its uranium holdings during the September quarter on Monday.

The AIM-traded firm said the decline mirrored a drop in the uranium spot price, which fell from $85.50 per pound at the end of June, to $81.75 per pound by the close of the quarter on 30 September.

However, since the quarter ended, the spot price had seen a recovery to $83.25 per pound.

The company said its uranium holdings, valued at $1.77bn at the end of September, were down from $1.85bn in June.

Correspondingly, Yellow Cake's estimated net asset value per share decreased by 10.1%, from 686p to 617p, driven by the declining uranium price and sterling appreciation.

Market activity in the uranium sector was seeing increased engagement from financial entities and utilities, as Kazakhstan's production continued to face challenges.

Further downgrades in Kazatomprom's production guidance for 2025 could increase spot market demand in the near term.

However, Yellow Cake said utility contracting, particularly in the US, remained subdued as companies seek waivers related to new Russian nuclear fuel ban legislation.

Yellow Cake said its uranium holdings are securely stored at facilities in Canada and France, with an estimated net asset value of 646p per share as of 18 October.

"Though the uranium spot price remains subdued from its January highs, we remain very optimistic about the medium term sector fundamentals," said chief executive officer Andre Liebenberg.

"Demand for uranium is growing driven by improving awareness of the need for nuclear power as part of the future energy mix, while nuclear power is also seen as critical to supporting the artificial intelligence boom and the development of hyperscale data centres.

"Microsoft, for example, recently signed an agreement with Constellation Energy to purchase energy from the Three Mile Island Unit 1 nuclear plant in Pennsylvania."

Liebenberg added that Amazon announced three new agreements to support the development of nuclear energy projects, including the construction of several new small modular reactors.

"We are also seeing a fundamental global shortage of uranium while in the US governmental actions including the total ban on Russian nuclear fuel imports, subject to potential waivers through 2027, and Chinese uranium products being added to the increased import tariff list potentially impacting availability.

"These factors have exacerbated the already tight global uranium supply shortage, with primary mine supply of 140 million pounds some way behind fast-growing global annual demand of over 180 million pounds to fuel the world's nuclear reactors.

"We believe this presents an excellent opportunity for investors to increase their exposure to the commodity."

At 1318 BST, shares in Yellow Cake were up 1.51% at 606p.

Reporting by Josh White for Sharecast.com.

More News
28 Jan 2025 14:30

Yellow Cake has nuclear confidence despite price volatility

(Alliance News) - Yellow Cake PLC on Tuesday said the value of its uranium reserves fell during the third-quarter, but remained optimistic about the future of nuclear power.

Read more
28 Jan 2025 12:23

Yellow Cake confident despite fall in uranium value

(Sharecast News) - Specialist uranium investor Yellow Cake reported a decline in the value of its holdings during the quarter ended 31 December on Tuesday, reflecting a drop in the uranium spot price.

Read more
10 Dec 2024 13:49

Yellow Cake net asset value declines amid nuclear fuel uncertainty

(Alliance News) - Yellow Cake PLC on Tuesday reported lower net asset value in the six months that ended September 30, the first half of its financial hear, amid lower uranium prices.

Read more
10 Dec 2024 11:05

Yellow Cake NAV slips as uranium values decline

(Sharecast News) - Uranium investor Yellow Cake reported a rise in uranium holdings but a decrease in net asset value due to lower spot prices in its interim results on Tuesday.

Read more
21 Oct 2024 10:17

IN BRIEF: Yellow Cake says Kazakh supply, AI demand to support uranium

Yellow Cake PLC - Jersey-based uranium investor - Value of uranium holdings declines by 4.4% to USD1.77 billion as of September 30 from USD1.85 billion on June 30. This is due to an equivalent slide in the uranium spot price to USD81.75 per pound from USD85.50. Since the start of October, the price has recovered partially to USD83.25 a pound, Yellow Cake says. The uranium price will be supported in the near-term by supply issues in Kazakhstan. These have prompted producer Kazatomprom to signal that a further downgrade in production guidance for 2025 may occur, Yellow Cake says.

Read more
30 Jul 2024 13:30

Yellow Cake NAV per share narrows as uranium prices slip

(Sharecast News) - Uranium investor Yellow Cake said in an update on Tuesday that during the June quarter, the spot price of uranium saw a slight decline of 1.8%, from $87.00 per pound on 31 March to $85.50 on 28 June.

Read more
19 Jul 2024 13:18

Yellow Cake reports strong year as uranium prices rise

(Sharecast News) - Yellow Cake reported a significant rise in its full-year financial performance on Friday, driven by a substantial increase in uranium prices.

Read more
19 Jul 2024 12:00

IN BRIEF: Yellow Cake uranium assets hit USD2 billion amid price spike

Yellow Cake PLC - investor in uranium founded by Bacchus Capital Advisers - Net asset value on March 31, the end of the company's financial year, is USD1.88 billion in total, or GBP6.88 per share, up 82% and 63%, respectively, from USD1.04 billion and GBP4.23 a year before. Yellow Cake holds 21.7 million pounds of U3O8 - a compound of uranium known as yellowcake - as of Wednesday, up from 20.2 million on March 31. Yellow Cake bought that uranium at an average cost of USD34.64 per pound, while the spot price was USD87 on March 31, up 72% from USD50.65 a year before. The price hit USD107 per pound in February, pushing the value of Yellow Cake's holdings briefly above USD2 billion.

Read more
4 Jun 2024 13:21

IN BRIEF: Yellow Cake takes delivery of U308 from Kazatomprom

Yellow Cake PLC - Jersey-based uranium investor - Says on Monday it took delivery of around 1.5 million pounds of U3O8 from Kazatomprom at the Orano storage facility in France. U308 is a compound of uranium. Explains the delivery is pursuant to the previously announced exercise of its 2023 uranium purchase option under its framework agreement with Kazatomprom. In October 2023, Yellow Cake exercised its right to purchase 1.5 million lb of U3O8 from Kazatomprom at the then prevailing price of USD65.50 per lb for a total consideration of USD100.0 million. Kazatomprom delivered the U3O8 in accordance with the agreed schedule. Yellow Cake currently holds 21.7 million lb of U3O8 in storage in Canada and France.

Read more
29 Apr 2024 12:13

Yellow Cake net asset value down as uranium price slips but optimistic

(Alliance News) - Yellow Cake PLC on Monday said that the uranium market presents continued opportunities despite a fall in net asset value due to a recent decline in the price of the silvery metal.

Read more
16 Apr 2024 13:13

Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk

(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.

Read more
24 Jan 2024 11:23

Yellow Cake value tops $2bn after strong fourth quarter

(Sharecast News) - Uranium investor Yellow Cake reported a robust performance for the December quarter on Wednesday, as its value reached and surpassed the $2bn level.

Read more
24 Jan 2024 11:10

Yellowcake notes rising uranium prices as it awaits Kazakh delivery

(Alliance News) - Yellow Cake PLC on Wednesday predicted U308 prices to remain high due to ongoing shortages, as the company said shareholders would benefit into for the foreseeable future.

Read more
22 Jan 2024 15:43

Supply risks fuel uranium's flight to more than 16-year peak

LONDON, Jan 22 (Reuters) - Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is likely to mean the restart of mothballed capacity.

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.