Yellow Cake plc (LSE:YCA) successfully placed 22,983,977 new Ordinary Shares with institutional investors, raising approximately US$175 million. The capital raise was increased from an initial target of US$125 million due to strong investor demand.
The funds will allow the company to exercise its 2025 uranium purchase option with Kazatomprom and pursue additional strategic uranium acquisitions. This is expected to increase Yellow Cake’s physical holdings to over 23 million pounds of uranium, positioning the company to benefit from strengthening market fundamentals amid global nuclear expansion and rising uranium demand.
More about Yellow Cake plc
Yellow Cake plc, listed in London and incorporated in Jersey, specializes in the uranium sector. The company provides exposure to the uranium spot price through its strategy of buying and holding U3O8 and engages in uranium-related commercial activities. Its operations are supported by a ten-year Framework Agreement with Kazatomprom, the world’s largest uranium producer, and it currently holds 21.68 million pounds of U3O8 stored in Canada and France.
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