Yellow Cake reports strong year as uranium prices rise

Sharecast graphic / Josh White Yellow Cake reported a significant rise in its full-year financial performance on Friday, driven by a substantial increase in uranium prices. FTSE AIM 100

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n/an/a FTSE AIM All-Share 784.24 13:59 19/07/24n/an/a Industrial Metals & Mining 6,384.56 13:30 19/07/24-1.84%-119.37The AIM-traded firm said the spot price of triuranium octoxide peaked at a 16-year high of $107 per pound in February 2024 and closed the financial year at $87 per pound, marking a 72% rise from $50.65 per pound on 31 March 2023.During the 12 months ended 31 March, the value of Yellow Cake’s triuranium octoxide holdings surged 84%, reaching $1.75bn.That increase was put down to a net rise in uranium volume from 18.81 million pounds to 20.16 million pounds, coupled with the price appreciation of uranium.The company raised around $125m (£103m) through a share placing in October, which was […]

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