Yellow Cake

Canaccord Genuity acts as Nominated Adviser and Sole Bookrunner to Yellow Cake Plc on its Upsized US$175 million Fundraising

Canaccord Genuity is pleased to announce it has acted as Nominated Adviser and Sole Bookrunner to Yellow Cake on its upsized US$175 million fundraising. Yellow Cake is a London-quoted company which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide ("U3O8") and commercial opportunities related to these holdings.

Canaccord Genuity led an upsized globally distributed placing of US$175 million (the “Placing”) to be used for the purchase of 1.33 lbs of U3O8 under the agreement with Kazatomprom, at a price of US$75.08/lb and to opportunistically purchase additional U3O8 from the spot market. Since 2021, Canaccord Genuity has acted as bookrunner on 6 transactions for Yellow Cake, raising total gross proceeds of US$725 million.