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Yellow Cake tops up uranium holdings

AIM-listed uranium trader Yellow Cake has used the proceeds of its recent £99 million raising to secure its full annual quota of the nuclear fuel from Kazakh supplier Kazatomprom.

Tom Hoskyns
Kazatomprom established a JV with Areva in August 1996 to develop the Moinkum ISL deposit near Tsentralnoye, Kazakhstan

Kazatomprom established a JV with Areva in August 1996 to develop the Moinkum ISL deposit near Tsentralnoye, Kazakhstan

As well as exercising its full US$100 million purchase option for about 3.5 million pounds of physical uranium at the previously agreed price of US$28.95/lb, Yellow Cake also purchased a further 440,000lbs...

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