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.