An investment fund designed to profit from the rising price of uranium has acquired a large shipment of uranium from Kazakhstan for $8.2m. Yellow Cake, which raised $200m in a successful float on the London Stock Exchange earlier this summer, said it has bought 350,000 lb of uranium from Kazakh supplier Kazatomprom and will store it with the rest of its holding at a Cameco facility in Ontario, Canada. The move means that Yellow Cake is now sitting on 8.4m lb of uranium, more than 5% of global supply.
Nucnet 15th Aug 2018 read more »
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