Yellow Cake turns in maiden profit as global demand for uranium intensifies

Yellow Cake saw a steady improvement in uranium oxide demand throughout the six months ended 30 September as the spot price for the substance increased from $22.85 per pound to $27.35 throughout the period.

Chief executive Andre Liebenberg, said: "The beginning of Yellow Cake's life on the public markets has been incredibly rewarding."

"We continue to believe the market for physical uranium oxide holds potential for further growth, driven by both reduced global output from uranium mines and increasing uranium demand from markets such as China and Japan."

As of 1120 GMT, Yellow Cake shares had dipped 0.12% to 241.70p.