IN BRIEF: Yellow Cake takes 2.0 million pound uranium delivery

Fri, 20th May 2022 12:06

Yellow Cake PLC - Jersey-based investor in uranium - Takes a 2.0 million pound delivery of uranium at its Cameco storage facility in Canada. This comes as part of the company's buyback option with Kazatomprom. The company acquired the uranium at a price of USD43.25 per pound. Yellow Cake now holds 17.9 million pounds of uranium in storage in Canada and France. Yellow Cake estimates a net asset value per share of GBP3.96 at May 19.

Current stock price: 383.40 pence, up 5.2% in London

12-month change: up 46%

By Heather Rydings; heatherrydings@alliancenews.com

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