About us

Yellow Cake is a London-quoted company, providing investors with direct exposure to the uranium market through our physical holding of uranium oxide concentrate (U3O8) and by entering into transactions where beneficial commercial opportunities arise from uranium ownership. Yellow Cake’s physical uranium holdings provide an opportunity to profit from an anticipated rise in the uranium price arising from the short- and medium-term supply and demand asymmetry.

Our business model is built on key strategic and contractual relationships with industry players, and we aim to:

Realise value for investors

Maximise investor exposure to the uranium price and realise value from uranium-related commercial opportunities.

Ensure good governance

Ensure high standards of corporate governance.

Minimise costs

Minimise costs through an outsourced business model that provides cost-effective access to uranium supply, intellectual capital, expertise and storage facilities.

Our strategy is to buy and hold physical U3O8 and engage in uranium-related transactional activities, providing investors with liquid exposure to the uranium price and the opportunity to participate in value realised from related commercial activities.

As at 31 March 2024, Yellow Cake held

20.2 million lb of U3O8,

equivalent to 14.2% of 2023 global uranium production*MineSpans Q124

Established in 2018 to provide investors with an opportunity to realise value from long-term exposure to the uranium spot price and uranium-related commercial activities in a low-risk, low-cost, liquid and publicly-quoted vehicle. The supply demand characteristics that drove the steady rise in the uranium price since then remain as relevant today and continue to make for a compelling investment case.