YLLXF - Yellow Cake: Now Trading With An Implied Uranium Price Of $75/Lb

2024-06-09 15:59:47 ET

Summary

• Yellow Cake has taken delivery of the last 1.5Mlbs of uranium purchased from Kazatomprom, bringing its total holdings to 21.7Mlbs.
• The divergence between the spot and long-term contract price for uranium has decreased lately.
• The US ban on uranium imports and plans to triple nuclear capacity in the country suggest a growing demand for uranium, supporting a long-term bull market.

Overview

Yellow Cake ( YLLXF ) is a passive uranium investment vehicle that has its primary listing in the UK. I have covered the company frequently and it has been core part of my portfolio for most of the last five years. My prior articles on Yellow Cake can be found here ....

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