Yellow Cake To Benefit From Covid-19 Supply Disruptions [Seeking Alpha]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
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Source: Seeking Alpha
SummaryThe coronavirus is affecting around a third of global uranium supply.This is leading to a depletion of stockpiles and an increase in spot uranium prices.Yellow Cake’s business is structured in such a way that its shares are meant to follow the price of uranium, which makes it a beneficiary of this situation.Investment thesisThe uranium market has been in a tough spot ever since the Fukushima disaster of 2011, and the production cuts made by Cameco (NYSE:CCJHowever, around a third of global uranium supplyhas been affectedOTCPK:YLLXFYellow Cake's businessThe company aims to provide direct exposure to the spot uranium price without exploration, development, mining or processing risk. As of the end of February, its assets included 9,616,385 pounds of U3O8, a derivative liability of $2.7 million and other net assets of $6.8 million.Yellow Cake's uranium is held in a storage account at Cameco's regulated Port Hope/Blind river facility in Ontario, and the company has a framework agree
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News
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CCJ
Earnings
- 11/7/24 - Miss
CCJ
Sec Filings
- 11/13/24 - Form 6-K
- 11/12/24 - Form FWP
- 11/12/24 - Form SUPPL
- CCJ's page on the SEC website