Business
Delivery and Additional Purchase of Uranium
Yellow Cake plc has taken delivery of 1,331,912 lb of U3O8 from Kazatomprom for USD100.0 million, exercising its 2025 purchase option. Additionally, the company has elected to purchase 1,160,766 lb of U3O8 from Kazatomprom under its 2026 option for USD100.0 million, with delivery expected in the second half of 2026. Yellow Cake also acquired an extra 100,000 lb of U3O8 for delivery on March 20, 2026. Following these transactions, the company's total U3O8 holdings will increase to 24,274,996 lb. Disclaimer*
About this update from Yellow Cake Plc
[{"type":"text","content":"\n\n17 March 2026\n\n \nYellow Cake plc (\"Yellow Cake\" or the \"Company\" or \"Group\")\nDELIVERY AND ADDITIONAL PURCHASE OF URANIUM\nYellow Cake, a specialist Group operating in the uranium sector, holding physical uranium (\"U3O8\") for the long term, is pleased to announce that, on 16 March 2026, it took delivery of 1,331,912 lb of U3O8 from JSC National Atomic Company Kazatomprom (\"Kazatomprom\") at the Cameco storage facility in Canada.\nThe delivery is pursuant to the previously announced exercise by the Company of its 2025 uranium purchase option under its Framework Agreement with Kazatomprom to purchase 1,331,912 lb of U3O8 at a price of USD75.08/lb for a total consideration of USD100.0 million.\nIn February 2026, Yellow Cake informed Kazatomprom that it had elected to purchase 1,160,766 lb of U3O8 at a price of USD86.15/lb, or USD100.0 million in aggregate, pursuant to Yellow Cake's 2026 uranium purchase option under the Framework Agreement. Yellow Cake expects delivery to take place in the second half of 2026.\nIn addition to the Kazatomprom purchases, Yellow Cake has also purchased an incremental 100,000 lb of U3O8 which will be delivered at Orano's facility in France on 20 March 2026.\nYellow Cake currently holds 23,014,230 lb of U3O8 in storage in Canada and France. Following completion of the above purchases and deliveries, Yellow Cake will hold 24,274,996 lb of U3O8, further increasing the Group's long-term uranium holdings.\n\n\n \n \nENQUIRIES:\n\n\n\n\n \nYellow Cake plc\n\n\n\n\n\n\n\n\n\n\nAndre Liebenberg, CEO\n\n\nCarole Whittall, CFO\n\n\n\n\n\n\n\nTel: +44 (0) 153 488 5200\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNominated Adviser and Joint Broker: Canaccord Genuity Limited\n\n\n\n\n\n\n\nJames Asensio\n\n\nHenry Fitzgerald-O'Connor\n\n\n\n\n\n\n\nCharlie Hammond\n\n\n\n\n\n\n\n\n\n\nTel: +44 (0) 207 523 8000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJoint Broker: Berenberg\n\n\n\n\n\n\n\nMatthew Armitt\n\n\nJennifer Lee\n\n\n\n\n\n\n\nDetlir Elezi\n\n\n\n\n\n\n\n\n\n\nTel: +44 (0) 203 207 7800\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Adviser: Bacchus Capital Advisers\n\n\n\n\nPeter Bacchus\n\n\nRichard Allan\n\n\n\n\nTel: +44 (0) 203 848 1640\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCommunications Adviser: Sodali & Co\n\n\n\n\n\n\n\n\n\n\nPeter Ogden\n\n\nJames ...