London-quoted Yellow Cake Uranium Fund plc recently raised capital through an additional issuance of shares, with the purpose of buying uranium oxide from Kazatomprom as part of a purchase option for 2022. This news was reported in the World Nuclear News newsletter. The initial placement of shares was for $50 million, but due to strong demand from investors, the size was increased to $75 million.
The company intends to use the raised capital to purchase natural uranium at $48.9 per pound, as per the framework agreement with NAC Kazatomprom JSC. The spot price
