Yellow Cake plc (GB:YCA) has released an update.
Yellow Cake plc, a company specializing in the long-term holding of physical uranium, has recently taken delivery of 1,526,717 pounds of U3O8 from Kazatomprom, which is now stored in France along with their existing uranium holdings. This acquisition, costing USD 100 million at a price of USD 65.50 per pound, is part of a strategic move underlined by their Framework Agreement with the world’s leading uranium producer. The company’s total uranium holdings now amount to 21.68 million pounds, securely stored in Canada and France, positioning it to potentially benefit from rising uranium prices.
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