Delivery Of 1,350,000 Lb Of U3o8
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Yellow 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.
The 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.
Yellow Cake currently holds 20,155,601 lb of U3O8 in storage in Canada and France.
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