Yellow Cake PLC - investor in uranium founded by Bacchus Capital Advisers - Takes delivery of 1.4 million pounds of triuranium octoxide from JSC National Atomic Co Kazatomprom at the Cameco storage facility in Canada. Says this follows its previously announced exercise of its 2022 uranium purchase option under an agreement with Kazatomprom to purchase 1.4 million pounds of triuranium octoxide at a price of $48.90 per pound. This is worth an aggregate $66.0 million. Says Kazatomprom delivered the triuranium octoxide in accordance with the agreed schedule. Yellow Cake now holds 20.2 million pounds of triuranium octoxide in storage in Canada and France.
On Thursday last week, Yellow Cake pulled in $125 million, or £103 million, from a placement of 18.7 million new shares with existing and new institutional investors at a price of £5.50 per share. It said the cash would be used to buy 1.5 million pounds of physical uranium under Yellow Cake’s agreement with Kazatomprom.
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