Yellow Cake plc (USOTC:YLLXF) has successfully completed the placement of 22,983,977 new Ordinary Shares with institutional investors, raising around US$175 million. The capital raise was increased from an initial target of US$125 million, reflecting strong investor demand.
The proceeds will enable Yellow Cake to exercise its 2025 uranium purchase option with Kazatomprom and pursue further strategic uranium acquisitions. With this transaction, the company’s physical uranium holdings are expected to exceed 23 million pounds, strengthening its position to capitalize on favorable market dynamics amid global nuclear growth and rising demand for uranium.
More about Yellow Cake plc
Yellow Cake plc, a Jersey-incorporated company listed in London, focuses on the uranium sector. Its strategy provides exposure to the uranium spot price through the acquisition and holding of U3O8, alongside broader uranium-related commercial activities. The company benefits from a ten-year Framework Agreement with Kazatomprom, the world’s largest uranium producer, and currently stores 21.68 million pounds of U3O8 in Canada and France.
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