Long-term uranium investor Yellow Cake confirmed that on 30 September it took delivery of 1.35m pounds of triuranium octoxide (U308) from Kazakhstan’s state uranium company Kazatomprom.
The Jersey-headquartered company, which trades on the London AIM exchange for small and medium enterprises, said the uranium was now securely stored at the Cameco storage facility in Canada.
It said the transaction followed its earlier announcement of its decision to exercise a uranium purchase option in 2022.
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