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Yellow Cake ups uranium holdings to 8.44 million pounds

Yellow Cake PLC purchased an additional 350,000 pounds of uranium from National Atomic Co. Kazatomprom JSC at US$23.30 per pound.

The company said Aug. 10 that it will pay US$8.2 million in cash and receive the delivery Aug. 23. The uranium will be stored at Cameco Corp.'s Port Hope/Blind River facility in Ontario.

Following completion, Yellow Cake will own 8.44 million pounds of uranium, including 8.1 million pounds it received in July.