Bacchus Capital Puts Together US$140 million Equity Capital Raising for its Uranium Venture, Yellow Cake plc

Bacchus Capital Puts Together US$140 million Equity Capital Raising for its Uranium Venture, Yellow Cake plc

LONDON, Feb. 26, 2021 /PRNewswire/ — Bacchus Capital advised Yellow Cake on its oversubscribed international fundraising, with investors from Europe, Asia and North America

Proceeds to be used to acquire up to 3.5 million pounds of uranium ("U 3 O 8 ") under the Kazatomprom purchase option

Furthers Yellow Cake’s thesis of holding uranium for the long-term as the structural mispricing of the commodity moves to correction

Bacchus Capital Advisers Limited ("Bacchus Capital"), the independent investment and merchant bank specialising in cross border public market M&A, and natural resources sector ventures, is pleased to have arranged financing for the US$100 million purchase of physical uranium, by Yellow Cake Plc, pursuant to its option with Kazatomprom. The US$140 million oversubscribed equity fundraising was conducted by accelerated bookbuild, in which Canaccord Genuity Limited and Cantor Fitzgerald & Co. were appointed as Joint Bookrunners.Yellow Cake plc (AIM: YCA) ("Yellow Cake"), […]

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