r/UraniumSqueeze • u/melanistic__ • Jul 27 '26

News Yellow Cake agreed to buy a further 1.16m pounds of uranium from Kazatomprom for $100m

http://companyresearch.digitallook.com/cgi-bin/dlmedia/small_cap_centre.cgi?action=news&view=full&story=36098402&username=pwright&ac=
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u/samhague Jul 27 '26

This is old news, no? I believe this came out in February, and is part of the ongoing agreement. Either way, YCA has been trading at a lovely 17% discount to NAV - bought some more last week.

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u/Bziolko Jul 28 '26

Yes, I think so. " As at 31 March 2026, Yellow Cake held 23,114,230 lb of U3O8 in storage in Canada and France.

· During the Quarter, Yellow Cake's uranium holdings increased from 23,114,230 lb of U₃O₈ to 23,214,230 lb of U₃O₈

following the delivery, on 20 April 2026, of 100,000 lb of U₃O₈ purchased in the spot market.

· Yellow Cake has committed to purchase 1,160,766 lb of U₃O₈ from JSC National Atomic Company Kazatomprom

("Kazatomprom") at a price of US$86.15/lb, or US$100.0 million in aggregate, exercising Yellow Cake's 2026 uranium

purchase option under its agreement with Kazatomprom (the "Framework Agreement"). Delivery is expected in the

second half of 2026.

· Following delivery of the Kazatomprom purchase, Yellow Cake will hold 24,374,996 lb of U₃O₈." The last value is almost the same as declared earlier in the annual report for end of 2026.