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An announcement from Yellow Cake plc ( (GB:YCA) ) is now available.
Yellow Cake plc announced the successful placement of 22,983,977 new Ordinary Shares with institutional investors, raising approximately US$175 million. This capital raise, increased from an initially proposed US$125 million due to strong demand, will enable the company to exercise its 2025 uranium purchase option with Kazatomprom and pursue additional strategic uranium purchases. The transaction is expected to enhance Yellow Cake’s physical holdings to over 23 million pounds of uranium, positioning the company to capitalize on strengthening market fundamentals amid global nuclear expansion and rising demand.
The most recent analyst rating on (GB:YCA) stock is a Buy with a £620.00 price target. To see the full list of analyst forecasts on Yellow Cake plc stock, see the GB:YCA Stock Forecast page.
More about Yellow Cake plc
Yellow Cake plc is a London-quoted company incorporated in Jersey, specializing in the uranium sector. It offers exposure to the uranium spot price through its strategy of buying and holding U3O8 and engages in uranium-related commercial activities. The company differentiates itself with a ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer, and currently holds 21.68 million pounds of U3O8 stored in Canada and France.
Average Trading Volume: 1,021,039
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.22B
See more data about YCA stock on TipRanks’ Stock Analysis page.