Yellow Cake Plc (YLLXF: OTCQX International) | Quarterly Operating Update
Yellow Cake plc, a company specializing in uranium investments, has released its quarterly operating update for the period ended December 31, 2024. Key points include:
- The uranium spot price decreased by 10.7% from US$81.75/lb on September 30, 2024, to US$73.00/lb on December 31, 2024.
- The value of Yellow Cake’s uranium holdings decreased by 10.7% to US$1,582.8 million as of December 31, 2024.
- Estimated net asset value per share decreased by 4.4% to £5.90 per share as of December 31, 2024.
- As of January 27, 2025, the estimated net asset value was £5.46 per share or US$1,479.6 million, based on a spot price of US$67.30/lb.
- The company holds 21.68 million pounds of U3O8 in storage facilities in Canada and France.
- Yellow Cake’s CEO, Andre Liebenberg, remains confident in the long-term outlook for uranium prices, expecting increased term contracting in 2025.
- The report highlights growing global interest in nuclear energy, including small modular reactors (SMRs), which is expected to drive uranium demand in the medium term.
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