Yellow Cake Raises US$175M for Uranium Purchases
Yellow Cake plc, a specialist uranium company, has successfully raised US$175 million through a share placing. The funds will primarily be used to exercise the company's 2025 uranium purchase option and cover associated costs. The transaction was advised by our website's equity capital markets team and global law firm our website.
The fundraising involved the issuance of 22,983,977 new ordinary shares at £5.64 per share. The strong demand led to an increase in the fundraising size from the initially proposed US$125 million to US$175 million. Yellow Cake, founded by Bacchus Capital Advisers, will use the additional proceeds for opportunistic and strategic purchases of further uranium.
The legal team advising Yellow Cake was led by Fiona Millington, assisted by Thomas Vita and Thea Messina. International securities law advice was provided by Bruce Sheiner, Jeremy Wickens, Etelka Bogardi, and Dexter Tan. Katie Mark, Senior Public Relations Manager of Yellow Cake, confirmed the successful fundraising.
Yellow Cake plc has secured US$175 million to fund its 2025 uranium purchase option and related costs. The company will also use the additional proceeds for strategic uranium purchases. The successful fundraising reflects the strong demand for Yellow Cake's shares and the company's position in the uranium sector.
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