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DELIVERY OF 1,350,000 LB OF U3O8
DELIVERY OF 1,350,000 LB OF U3O8.
About this update from Yellow Cake Plc
[{"type":"text","content":"\n\n2 October 2023\n\n \nYellow Cake plc (\"Yellow Cake\" or the \"Company\")\nDELIVERY OF 1,350,000 LB OF U3O8\n \nYellow Cake, a specialist company operating in the uranium sector holding physical uranium for the long term, is pleased to announce that, on 30 September 2023, it took delivery of 1,350,000 lb of U3O8 from Kazatomprom at the Cameco storage facility in Canada.\nThe delivery is pursuant to the previously announced exercise by the Company of its 2022 uranium purchase option under its Framework Agreement with Kazatomprom to purchase 1,350,000 lb of U3O8 at a price of USD48.90/lb for a total consideration of USD66,015,000. Kazatomprom delivered the U3O8 in accordance with the agreed schedule.\nYellow Cake currently holds 20,155,601 lb of U3O8 in storage in Canada and France.\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\nHenry Fitzgerald-O'Connor\n\n\nJames Asensio\n\n\n\n\n\n\n\nGordon Hamilton\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: Powerscourt\n\n\n\n\n\n\n\n\n\n\nPeter Ogden\n\n\nMolly Melville\n\n\n\n\n\n\n\nTel: +44 (0) 7793 858 211\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nABOUT YELLOW CAKE\nYellow Cake is a London-quoted company, headquartered in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide (\"U3O8\"). It may also seek to add value through other uranium related activities. Yellow Cake seeks to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium related activities in a rising uranium price environment. The business is differentiated from its peers by its t...