Yellow Cake plc

Canaccord Genuity acts as Nomad and Joint Bookrunner toYellow Cake plc on its $150 million Fundraise

Canaccord Genuity’s Corporate Broking team is pleased to announce it has acted as Nomad and Joint Broker on a $150 million placing (the “Fundraise”) for Yellow Cake plc (“Yellow Cake“).

Yellow Cake (AIM: YCA) offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide ("U3O8"). Yellow Cake seeks to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium related activities in a rising uranium price environment.

The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer. The proceeds of the Fundraise will be used to fund the purchase of approximately 3.0 mmlb of physical uranium. Including this purchase, Yellow Cake has agreed to purchase c.9 mmlb of physical uranium year to date.

The Fundraise was significantly oversubscribed, with the shares placed with new and existing institutional investors globally.