Uranium outlook decidedly mixed, says Liberum, favours Yellow Cake
Slow demand growth and stockpiles will hinder sector growth, although the uranium price will still rise in the medium term
Company
Yellow Cake PLC
LON:YCA
A specialist company operating in the uranium sector, created to purchase and hold uranium oxide. Global markets offer limitied options for gaining exposure to the uranium price. Yellow Cake is a uranium focused company offering direct exposure to the spot uranium price without exploration, development, mining or processing risk.
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Yellow Cake announces receipt of Uranium following its debut on AIM
The company said its strategy is to be a long-term holder of uranium and the company intends to hold and grow its level of uranium ownership over time
Uranium trader Yellow Cake debuts on AIM after raising £150mln in its IPO
The uranium trader is using the money raised to buy up 8.1mln pounds of the radioactive metal, which it believes is “fundamentally mispriced”