A specialist company Providing investors with direct exposure to the uranium market
24.37 m lb Current holding of U3O8
Share price
Spot uranium price
green line

OUR INSIGHTS

CEO’s view –Reflections on the 2026 World Nuclear Association Symposium

The World Nuclear Association Symposium is a permanent fixture in the uranium industry’s calendar, yet it is always a dynamic and illuminating conference. Having attended more times than I can count, I can safely say the atmosphere and tone of this year’s conference felt very different from years prior. Despite a challenging macro backdrop, the positive sentiment throughout the conference was palpable.

ABOUT US

Realising value

Through our physical holding of uranium oxide concentrate (U3O8) and uranium-related commercial activities, we create an opportunity to realise value from long-term exposure to the uranium spot price in a low-risk, low-cost, liquid and publicly quoted vehicle.

Learn more
Yellow Cake’s long-term partnership with Kazatomprom is a strategic advantage that provides access to material volumes of uranium at the prevailing market price. The current Framework Agreement runs to 31 December 2027.

KEY HIGHLIGHTS

Our investment case

Our strategy is to buy and hold physical U3O8, providing investors with liquid exposure to the resurgent uranium price.

Exposure

Exposure

Provides investors with exposure to the uranium spot price without the operating risks associated 
with exploration, development, mining or processing.

Benefit

Benefit

Positioned to benefit  from a structural supply deficit forecast to widen into the 2030s as reactor demand accelerates, secondary supply depletes and new mine supply remains constrained.

Leadership

Leadership

A strong board 
and management committed to good governance and high ethical standards.

Liquidity

Liquidity

Yellow Cake creates liquidity for investors in a traditionally illiquid commodity.

KEY INFORMATION

What is Yellowcake
Yellowcake is a solid form of mixed uranium oxide that is generally yellow in colour. It is produced from uranium ore from mining or in-situ leaching. Yellowcake is shipped from the mine and processed at licenced facilities for conversion, enrichment and fabrication into nuclear fuel.