Investment Thesis
Yellow Cake (YLLXF) is a lower risk investment in the uranium industry. The company buys uranium directly and is a good way to get exposure to the price of uranium without the mining related risks accompanied by many other investments in the industry.
Figure 1 - Source: TradingView
Supply / Demand
According to the World Nuclear Association, there are 444 operating reactors globally. 54 reactors are under construction and many more planned in the future. Some of the operating reactors will be closed due to age or political reasons.
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