Primary Recommendations

Yellow Cake - Pure play on soaring uranium prices

March 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Anyone who puts up a spot uranium chart - the heavy metal our nuclear power stations use to create electricity in reactors - will see it is enjoying a remarkable boom having more than quadrupled from US$25 / lb at the end of 2019 to US$104 / lb today. As well as a uranium ETF, there are also two quoted stocks providing investors with exposure to it including TSX-listed Sprott Physical Uranium Trust (U.UN, US$22) and Yellow Cake, the subject of this article, which takes its name from the colour and texture of uranium concentrate, produced by early mining operations. Yellow Cake’s sole purpose is to purchase uranium ore and store it securely in Canadian and French warehouses and it therefore offers the purest way to participate in ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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