Yellow Cake plc named to 2024 OTCQX Best 50

Yellow Cake plc ("Yellow Cake" or the "Company"), a specialist company operating in the uranium sector holding physical uranium for the long term, is pleased to announce it has been named to the 2024 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2024 OTCQX Best 50 were ranked based on their performance in 2023.

Yellow Cake was first admitted to trading on the AIM Market of the London Stock Exchange via an IPO in July 2018, with a valuation and equity raising of approximately £151 million (US$200 million). Yellow Cake was subsequently admitted to trading on OTCQX in June 2022, with a market capitalisation at that time of £591 million (US$724 million).

Today, Yellow Cake is valued at £1,582 million (US$2,002 million)[1], and the Company has grown to become one of the largest holders of physical uranium in the world.

Andre Liebenberg, CEO of Yellow Cake, said:

"We are proud to have been named to the 2024 OTCQX® Best 50. It's a sign of the considerable progress we have made and the value we have delivered on behalf of our shareholders since taking the decision to join the OTCQX market. Though we celebrate our nomination today we remain fully focused on the future. We continue to see a hugely compelling investment case for uranium, driven by the same supply demand fundamentals that saw us come to OTCQX in 2022. Nuclear power is now accepted globally as a core element of the future clean energy mix driven by long term demand, while geological and geopolitical factors will put a strain on future supply. We look forward with real confidence in our strategy and the outlook for uranium."

For the complete 2024 OTCQX Best 50 ranking, visit https://www.otcmarkets.com/files/2024_OTCQX_Best_50.pdf.

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.