(Alliance News) - Yellow Cake PLC on Tuesday said the value of its uranium reserves fell during the third-quarter, but remained optimistic about the future of nuclear power. Read More
(Alliance News) - Yellow Cake PLC on Tuesday reported lower net asset value in the six months that ended September 30, the first half of its financial hear, amid lower uranium prices. Read More
Yellow Cake PLC - Jersey-based uranium investor - Value of uranium holdings declines by 4.4% to USD1.77 billion as of September 30 from USD1.85 billion on June 30. This is due to an equivalent slide in the uranium spot price to USD81.75 per pound from USD85.50. Since the start of October, the price has recovered partially to USD83.25 a pound, Yellow Cake says. The uranium price will be supported in the near-term by supply issues in Kazakhstan. These have prompted producer Kazatomprom to signal that a further downgrade in production guidance for 2025 may occur, Yellow Cake says. Read More
Yellow Cake PLC - investor in uranium founded by Bacchus Capital Advisers - Net asset value on March 31, the end of the company's financial year, is USD1.88 billion in total, or GBP6.88 per share, up 82% and 63%, respectively, from USD1.04 billion and GBP4.23 a year before. Yellow Cake holds 21.7 million pounds of U3O8 - a compound of uranium known as yellowcake - as of Wednesday, up from 20.2 million on March 31. Yellow Cake bought that uranium at an average cost of USD34.64 per pound, while the spot price was USD87 on March 31, up 72% from USD50.65 a year before. The price hit USD107 per pound in February, pushing the value of Yellow Cake's holdings briefly above USD2 billion. Read More
Yellow Cake PLC - Jersey-based uranium investor - Says on Monday it took delivery of around 1.5 million pounds of U3O8 from Kazatomprom at the Orano storage facility in France. U308 is a compound of uranium. Explains the delivery is pursuant to the previously announced exercise of its 2023 uranium purchase option under its framework agreement with Kazatomprom. In October 2023, Yellow Cake exercised its right to purchase 1.5 million lb of U3O8 from Kazatomprom at the then prevailing price of USD65.50 per lb for a total consideration of USD100.0 million. Kazatomprom delivered the U3O8 in accordance with the agreed schedule. Yellow Cake currently holds 21.7 million lb of U3O8 in storage in Canada and France. Read More
(Alliance News) - Yellow Cake PLC on Monday said that the uranium market presents continued opportunities despite a fall in net asset value due to a recent decline in the price of the silvery metal. Read More
(Alliance News) - Yellow Cake PLC on Wednesday predicted U308 prices to remain high due to ongoing shortages, as the company said shareholders would benefit into for the foreseeable future. Read More
(Alliance News) - Yellow Cake PLC on Wednesday reported a rise in its net assets and said it swung to a half-year profit on increased uranium demand. Read More
(Alliance News) - Yellow Cake PLC on Tuesday noted a jump in the price of uranium, driven by limited availability of near-term inventory considered as available for sale. Read More
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 USD48.90 per pound. This is worth an aggregate USD66.0 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. Read More
Yellow Cake PLC - investor in uranium founded by Bacchus Capital Advisers - Pulls in USD125 million, or GBP103 million, from placement of 18.7 million new shares with existing and new institutional investors at a price of GBP5.50 per share. The placing via an accelerated bookbuild run by Cantor Fitzgerald, Canaccord Genuity and Berenberg was first announced after the London market close on Wednesday. The placing shares represent a 9.4% stake prior to the placing. Read More
Yellow Cake PLC - investor in uranium founded by Bacchus Capital Advisers - Announces share placing to raise USD125 million, with the cash to be used to buy 1.5 million pounds of physical uranium under Yellow Cake's agreement with JSC National Atomic Co Kazatomprom. The placing, announced after the London market close on Wednesday, will be conducted as an accelerated bookbuild run by Cantor Fitzgerald, Canaccord Genuity and Berenberg. It will be done at a fixed price of GBP5.50 per share. Read More
(Alliance News) - Yellow Cake PLC on Monday reported a growth in its net asset value per share in its second quarter, following the rise in the price of uranium. Read More
(Alliance News) - Yellow Cake PLC on Wednesday said it swung to an annual loss as a falling uranium spot price sent its uranium investments into the red from previous gains a year earlier. Read More
(Alliance News) - Yellow Cake PLC on Wednesday said net asset value per share was up as uranium prices rose in the first quarter. Read More
(Alliance News) - Yellow Cake PLC on Thursday said it has exercised its option to buy 1.4 million pounds of U3O8 uranium at USD48.90 per pound. Read More
(Alliance News) - Yellow Cake PLC on Friday said it raised GBP61.8 million through placing and on Thursday saw a drop in its quarterly net asset value due to a decrease in uranium price. Read More
(Alliance News) - Yellow Cake PLC on Wednesday reported a swing to a half-year loss as it noted constrains due to supply issues and cost inflation. Read More
Yellow Cake PLC - Jersey-based investor in uranium - Net asset value grows 3.7% to GBP4.50 per share on September 30 from GBP4.34 on June 30. Notes triuranium octoxide spot price decreases over the quarter by 4.5% to USD48.25 per pound from USD50.50. Looking ahead, Chief Executive Officer Andre Liebenberg says: "Under its high-case scenario, world nuclear power generating capacity is forecast to more than double by 2050. The world is already consuming more uranium than it produces. Yellow Cake is well positioned to continue to drive shareholder value for the long term." Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More