Yellow Cake PLC Yellow Cake plc named to 2024 OTCQX Best 50
19 Gennaio 2024 - 8:00AM
RNS Non-Regulatory
TIDMYCA
Yellow Cake PLC
19 January 2024
19 January 202 4
Yellow Cake plc n amed to 2024 OTCQX Best 50
Yellow Cake plc ("Yellow Cake" or the "Company"), a specialist
company operating in the uranium sector holding physical uranium
for the long term, is pleased to announce it has been named to the
2024 OTCQX(R) Best 50, a ranking of top performing companies traded
on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and
international companies traded on the OTCQX market. The ranking is
calculated based on an equal weighting of one-year total return and
average daily dollar volume growth in the previous calendar year.
Companies in the 2024 OTCQX Best 50 were ranked based on their
performance in 2023.
Yellow Cake was first admitted to trading on the AIM Market of
the London Stock Exchange via an IPO in July 2018, with a valuation
and equity raising of approximately GBP151 million (US$200
million). Yellow Cake was subsequently admitted to trading on OTCQX
in June 2022, with a market capitalisation at that time of GBP591
million (US$724 million).
Today, Yellow Cake is valued at GBP1,582 million (US$2,002
million)[1], and the Company has grown to become one of the largest
holders of physical uranium in the world.
Andre Liebenberg, CEO of Yellow Cake, said:
"We are proud to have been named to the 2024 OTCQX(R) Best 50.
It's a sign of the considerable progress we have made and the value
we have delivered on behalf of our shareholders since taking the
decision to join the OTCQX market. Though we celebrate our
nomination today we remain fully focused on the future. We continue
to see a hugely compelling investment case for uranium, driven by
the same supply demand fundamentals that saw us come to OTCQX in
2022. Nuclear power is now accepted globally as a core element of
the future clean energy mix driven by long term demand, while
geological and geopolitical factors will put a strain on future
supply. We look forward with real confidence in our strategy and
the outlook for uranium."
For the complete 2024 OTCQX Best 50 ranking, visit
https://www.otcmarkets.com/files/2024_OTCQX_Best_50.pdf.
The OTCQX Best Market offers transparent and efficient trading
of established, investor-focused U.S. and global companies. To
qualify for the OTCQX market, companies must meet high financial
standards, follow best practice corporate governance, and
demonstrate compliance with applicable securities laws.
Ends
ENQUIRIES:
Yellow Cake plc
Andre Liebenberg, CEO Carole Whittall, CFO
Tel: +44 (0) 153 488 5200
Nominated Adviser and Joint Broker: Canaccord Genuity Limited
Henry Fitzgerald-O'Connor James Asensio
Ana Ercegovic
Tel: +44 (0) 207 523 8000
Joint Broker: Berenberg
Matthew Armitt Jennifer Lee
Detlir Elezi
Tel: +44 (0) 203 207 7800
Financial Adviser: Bacchus Capital Advisers
Peter Bacchus Richard Allan
Tel: +44 (0) 203 848 1640
Communications Adviser: Powerscourt
Peter Ogden
Tel: +44 (0) 7793 858 211
ABOUT YELLOW CAKE
Yellow Cake is a London-quoted company, headquartered in Jersey,
which offers exposure to the uranium spot price. This is achieved
through its strategy of buying and holding physical triuranium
octoxide (" U(3) O(8) "). It may also seek to add value through
other uranium related activities. Yellow Cake seeks to generate
returns for shareholders through the appreciation of the value of
its holding of U(3) O(8) and its other uranium related activities
in a rising uranium price environment. The business is
differentiated from its peers by its ten-year Framework Agreement
for the supply of U(3) O(8) with Kazatomprom, the world's largest
uranium producer. Yellow Cake currently holds 20.16 million pounds
of U(3) O(8) , all of which is held in storage in Canada and
France.
FORWARD LOOKING STATEMENTS
Certain statements contained herein are forward looking
statements and are based on current expectations, estimates and
projections about the potential returns of the Company and the
industry and markets in which the Company will operate, the
Directors' beliefs and assumptions made by the Directors. Words
such as "expects", "anticipates", "should", "intends", "plans",
"believes", "seeks", "estimates", "projects", "pipeline", "aims",
"may", "targets", "would", "could" and variations of such words and
similar expressions are intended to identify such forward looking
statements and expectations. These statements are not guarantees of
future performance or the ability to identify and consummate
investments and involve certain risks, uncertainties and
assumptions that are difficult to predict, qualify or quantify.
Therefore, actual outcomes and results may differ materially from
what is expressed in such forward looking statements or
expectations. Among the factors that could cause actual results to
differ materially are: uranium price volatility, difficulty in
sourcing opportunities to buy or sell U(3) O(8) , foreign exchange
rates, changes in political and economic conditions, competition
from other energy sources, nuclear accident, loss of key personnel
or termination of the services agreement with 308 Services Limited,
changes in the legal or regulatory environment, insolvency of
counterparties to the Company's material contracts or breach of
such material contracts by such counterparties. These
forward-looking statements speak only as at the date of this
announcement. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward
looking statements contained herein to reflect any change in the
Company's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based
unless required to do so by applicable law or the AIM Rules.
[1] As at market close on 17 January 2024.
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END
NRAGPUQGGUPCPUR
(END) Dow Jones Newswires
January 19, 2024 02:00 ET (07:00 GMT)
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