Yellow Cake Plc Uranium Market Overview
Yellow Cake raises c.US$225 m in H1-2021 on the
back of strong investor demand
June 2021 - US$86.9m Equity Raise
■ Issued 25 million new ordinary shares at a price of £2.50 per share
■ Raised gross proceeds of £62.5 million (approximately US$86.9 million)
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YELLOW CAKE PLC
■ Proceeds partly applied to acquire a further 550,000 lb of U30g in the spot market at an average
price of US$32.35/lb
■ The Company also expects to conclude an agreement with Kazatomprom to purchase a further 2.0
million lb of U₂Og at a price of US$32.23 /lb
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March 2021 - US$138.5m Equity Raise
■ Equity raise upsized to approximately US$140m from approximately US$110m due to strong
investor demand
■ Yellow Cake able to fully exercise its 2021 Kazatomprom option of US$100m at a uranium price of
US$28.95/lb
■ Strong support from retail shareholders, US$5m raised from 380 retail investors via Primary Bid
■ Yellow Cake made additional spot market purchases:
March Purchased 540,000 lb for US$15m
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May Purchased 343,053 lb for US$10m
■ Uranium Royalty Corporation exercised its option to acquire from Yellow Cake 348,068 lb U30% for
a cash consideration of US$10m in April 2021
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