IN BRIEF: Yellow Cake takes 950,000 pound delivery of uranium

Fri, 01st Jul 2022 13:41

Yellow Cake PLC - Jersey-based investor in uranium - Takes a 950,000 pound delivery of triuranium octoxide, a compound of uranium. Delivery was from uranium supplier Kazatomprom at the Cameco storage facility in Canada. Company buys at a price of USD47.58 per pound, giving a total consideration of USD45.2 million. Company now holds 18.8 million pounds of triuranium octoxide in Canada and France.

Yellow Cake's estimated net asset value at June 30 was GBP4.33 per share.

Current stock price: 330.00 pence, up 1.5% in London on Friday

12-month change: up 22%

By Heather Rydings; heatherrydings@alliancenews.com

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