Yellow Cake plc (GB:YCA) has released an update.
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Yellow Cake plc, a company specialized in holding physical uranium, reported an increase in uranium holdings from 20.16 million to 21.68 million pounds during the quarter ending June 2024, despite a slight dip in the spot price of uranium. The company’s net asset value per share saw a marginal decrease, owing to the lower uranium price, which was partly offset by the value gained from a strategic purchase of uranium from Kazatomprom. Amidst global market shifts, including a US ban on Russian uranium imports, Yellow Cake’s CEO expressed confidence in the company’s potential for shareholder value growth, citing strong nuclear energy demand and supply constraints.
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