Our strategy

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Yellow Cake buys and holds physical U₃O₈ and pursues uranium-related commercial activities to provide investors with liquid exposure to the uranium price and realise value from its uranium holdings.

When the Group’s shares trade above net asset value, we may seek to raise capital to invest in additional uranium.
We explore and enter into transactions where beneficial commercial opportunities arise from uranium ownership. These include uranium-based financial initiatives such as commodity location swaps, streaming and royalties.
We benefit from a long-term Framework Agreement with Kazatomprom, the world’s largest global uranium producer, enabling us to access up to USD100 million of uranium annually from Kazatomprom at the prevailing spot price until 2027.

Business Model

Acquires U₃O₈ from producers and the spot market

Stores U₃O₈ at licenced facilities in Canada and France

Explores opportunities to realise value from uranium holdings through beneficial commercial activities

Long-term framework agreement with Kazatomprom to acquire USD 100 million of U₃O₈ a year to 2027

Opportunities to realise value from uranium ownership and related commercial activities

Strong corporate governance and experienced management

Low-cost outsourced business model