Britain’s Yellow Cake fund announces intention to buy 1.33 mln pounds of uranium from Kazatomprom at $75.08 per poundYellow Cake (a British investment fund specializing in uranium investments) has announced its intention to buy 1.33 million pounds of uranium from Kazatomprom at $75.08 per pound under a previously concluded agreement, the investment company said.To finance this purchase, the fund plans to place new shares for a total amount of about $125 million. The uranium price offered by Kazatomprom implies a 7.1% discount to the spot price as of September 23, 2025, Yellow Cake said.Physical delivery is expected in 2026.Yellow Cake and Kazatomprom have a framework agreement that includes an option for the fund to buy up to $100 million worth of uranium per year at a fixed price. Yellow Cake believes that the current price level offers attractive opportunities for purchasing uranium.Supply reliability remains an important factor in the uranium market, which is also supported by a growing supply-demand gap. In 2025, increasing attention is being paid to nuclear power as a low-carbon energy source. At the same time, uranium producers are facing challenges in meeting their production plans, the fund's statement said.Currently, 21.68 million pounds of uranium are stored in Yellow Cake's warehouses in Canada and France. (ICE ALMATY)

Fonte notizia: INTERFAX