Yellow Cake

Canaccord Genuity Acts as Nomad and Joint Bookrunner to Yellow Cake plc on its upsized $75 million Placing

Canaccord Genuity is pleased to announce it has acted as Nomad and Joint Bookrunner on a $75 million placing (the “Placing”) for Yellow Cake plc (“Yellow Cake“).The Placing was oversubscribed, with the shares placed with new and existing institutional investors globally.

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 Placing will be used to fund the purchase of U3O8.