Business
Receipt of Uranium
Receipt of Uranium.
About this update from Yellow Cake Plc
[{"type":"text","content":"\n \nRNS Number : 9690T Yellow Cake PLC 09 July 2018 \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \nThis announcement is not an offer of securities for subscription or sale in any jurisdiction. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except in compliance with applicable securities laws on the basis of the information in the admission document (\"Admission Document\") published by the Company in connection with the placing of its ordinary shares (\"Ordinary Shares\") and the proposed admission of the Ordinary Shares to trading on AIM, a market of the London Stock Exchange plc. A copy of the Admission Document is available for viewing on the Company's website at www.yellowcakeplc.com.\n \n9 July 2018\n \n \nYellow Cake plc (\"Yellow Cake\" or the \"Company\")\n \n \nClosing of IPO and Receipt of Uranium\n \nYellow Cake, a specialist company operating in the uranium sector with a view to hold long term physical uranium ( \"U3O8\"), is pleased to announce that following the placing and subscription of approximately 76 million ordinary shares (the \"Offering\") and admission to the AIM market of the London Stock Exchange (the \"Admission\" together with the Offering, the \"IPO\"), 8.1 mmlb of uranium has been received from Kazatomprom, which is stored at Cameco Corporation's Port Hope / Blind River facility in Ontario, Canada.\nYellow Cake's strategy is to be a long term holder of uranium and intends to hold and grow its level of uranium ownership over time. Yellow Cake believes the recent emerging theme of supply side discipline in the uranium market and the industry cost structure will be supportive of this strategy. \nAndre Liebenberg, CEO of Yellow Cake, said:\n\"We would like to thank Kazatomprom for its strong support as a reliable long-term strategic supplier, thereby contributing to the highly successful IPO of Yellow Cake.\" \nRiaz Rizvi, Chief Strategy and Marketing Officer of NAC Kazatomprom JSC said: \n\"Yellow Cake's successful IPO is another positive outcome in the uranium mar...