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Uranium Market Update

Market Cap (£) Yellow Cake has seen a significant increase in trading volumes since February 2021(1) ■ Main drivers for the increase are: -Increased number of shares on issue and increased market capitalisation 92 U כ YELLOW CAKE PLC - Increased retail volume 800.0mm 700.0mm 600.0mm 500.0mm 400.0mm 300.0mm 200.0mm 100.0mm Source: 0 Significant improvement in uranium market sentiment US$140m fundraise 2 March Feb 2021 Mar 2021 1) Cap IQ 15 February 2022 US$87m fundraise 21 June US$150m fundraise 27 November 0 Apr 2021 May 2021 Jun 2021 Jul 2021 Jul 2021 Aug 2021 Sep 2021 Oct 2021 Nov 2021 Dec 2021 Jan 2022 12.0mm 10.0mm 8.0mm 6.0mm 4.0mm 2.0mm 7 YCA Volume (shares)

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