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Yellow Cake takes deliver of US$30mln uranium shipment

Yellow Cake's pro forma net asset value per share moves to 217p

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A recent price pullback has provided a buying opportunity

Yellow Cake PLC (LON:YCA) has taken delivery of a shipment of 1.175mln pounds of uranium from NAC Kazatomprom JSC.

The shipment comes after Yellow Cake exercised an existing option with Kazatomprom.

WATCH: Price pullback gives Yellow Cake good opportunity to acquire additional uranium

On 31 May 2019 the uranium was delivered and transferred to Yellow Cake at Cameco Corporation's Port Hope/Blind River facility in Ontario, Canada, where the material will be held in storage.

The total cost of this U3O8 purchase amounts to just over US$30mln.

Following completion of this transaction Yellow Cake owns around 9.62mln pounds of uranium.

 

 

Quick facts: Yellow Cake PLC

Price: 214.5 GBX

AIM:YCA
Market: AIM
Market Cap: £187.91 m
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