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Yellow cake raises £99M to increase uranium holdings

Uranium trader Yellow Cake has raised over £99 million (US$140 million) from retail and institutional investors to increase its purchase of the nuclear fuel.

Yellow cake raises £99M to increase uranium holdings Yellow cake raises £99M to increase uranium holdings Yellow cake raises £99M to increase uranium holdings Yellow cake raises £99M to increase uranium holdings Yellow cake raises £99M to increase uranium holdings

Yellow Cake has raised £99 million to fund the acquisition of 3.5 million pounds of uranium from Kazatomprom

The funds will be used to acquire 3.5 million pounds of uranium at US$ 28.95/lb under its existing contract with Kazatomprom, boosting Yellow Cake's total uranium holdings to 12.8Mlbs.