Yellow Cake plc (GB:YCA) has released an update.
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Yellow Cake plc, a company specializing in long-term uranium holdings, has reported an increase in uranium ownership to 21.68 million lb, with a 5.7% rise in the value of holdings in the quarter ending June 2024, despite a slight decrease in spot price. The company’s net asset value per share saw a marginal drop of 0.3% over the quarter. Amid market developments, including a U.S. ban on Russian uranium imports, Yellow Cake’s CEO remains confident in the firm’s strategy and the uranium market’s fundamentals, anticipating an opportunity for investor exposure.
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