Delivery of Uranium
Yellow Cake took delivery of 1,160,766 lb of uranium from Kazatomprom for USD100.0 million.
- Uranium delivered 1,160,766 lb U3O8
- Purchase price per lb USD86.15/lb
- Total consideration USD100.0 million
- Total uranium holdings 24,374,996 lb U3O8
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Yellow Cake, a specialist Group operating in the uranium sector, holding physical uranium ("U3O8") for the long term, is pleased to announce that, on 11 August 2026, it took delivery of 1,160,766 lb of U3O8 from JSC National Atomic Company Kazatomprom ("Kazatomprom") at the Orano storage facility in France.
The delivery is pursuant to the previously announced exercise by the Company of its 2026 uranium purchase option under its Framework Agreement with Kazatomprom to purchase 1,160,766 lb of U3O8 at a price of USD86.15/lb for a total consideration of USD100.0 million.
Yellow Cake currently holds 24,374,996 lb of U3O8 in storage in Canada and France.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.