About us

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Yellow Cake is a London-quoted company, providing investors with direct exposure to the uranium market through our physical holding of uranium oxide concentrate (U₃O₈) and uranium-related commercial activities. This creates an opportunity to profit from an anticipated rise in the uranium price arising from the short- and medium-term supply and demand asymmetry.

Our business model is built on key strategic and contractual relationships with industry players, and we aim to:

Maximise investor exposure

Maximise investor exposure to the uranium price.

Ensure good governance

Ensure high standards of corporate governance.

Minimise costs

Minimise costs through an outsourced business model that provides cost-effective access to uranium supply, intellectual capital, expertise and storage facilities.

Our strategy is to buy and hold physical U₃O₈ and engage in uranium-related transactional activities, providing investors with liquid exposure to the uranium price.

As at 31 March 2023, Yellow Cake held

18.8 million lb of U₃O₈,

equivalent to 14.6% of 2022 global uranium production*

Established in 2018 to provide investors with an opportunity to realise value from long-term exposure to the uranium spot price in a low-risk, low-cost, liquid and publicly-quoted vehicle. The supply demand characteristics that drove the steady rise in the uranium price since then remain as relevant today and continue to make for a compelling investment case.

About us

Maximise investor exposure

Ensure good governance

Minimise costs

18.8 million lb of U3O8,

18.8 million lb of U₃O₈,