YCA - Q1 Trading Update: Uranium holdings value -11.7% to $1.397B as of 31 Mar 2025, reflecting the spot price decline
- Uranium spot price decreased by 11.7% from $73.00/lb on 31 Dec 2024 to $64.45/lb on 31 Mar 2025, but strengthened to $66.85/lb on 25 Apr 2025.
- Geopolitical uncertainties, particularly US trade policies, contributed to the price pullback, but long-term price remained resilient, increasing by $1.00/lb to $80.00/lb by Quarter-end.
- Value of Yellow Cake's uranium holdings decreased by 11.7% to $1,397.4 million as of 31 Mar 2025, reflecting the spot price decline.
- Estimated net asset value per share fell by 14.4% to £5.05, mainly due to the drop in uranium price and Sterling's appreciation.
- Estimated NAV on 25 Apr 2025 was £5.07 per share ($1,466.5 million).
- All U3O8 held at Cameco (Canada) and Orano (France) storage facilities.