IN BRIEF: Yellow Cake asset value up as nuclear power back in favour
31st Oct 2022 11:57
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