- Uranium stockpiler Yellow Cake said the value of its uranium holdings had risen by 14% in the June quarter to $208.5m.

The company's net asset value at 30 June was £2.18 per share, or $243.7m.

'The Section 232 investigation resulted in a long period of uncertainty in the uranium market, with many market participants stepping back from uranium-related investments,' chief executive Andre Liebenberg said.

'We therefore welcome the decision by the US President not to implement new trade restrictions on uranium imports into the US.'

'We believe this decision will help alleviate uncertainty and perceived risks in the global uranium market.'

'It will also encourage and support the re-engagement of market participants especially from purchasers, not only nuclear utilities but also financial buyers looking to accumulate physical inventories.'

'We expect a measured return to trading activity, and increased end-user demand as contracts are renegotiated and stockpiles replenished.'

'The long term investment case for uranium, and Yellow Cake, remains compelling.'

At 9:19am: [LON:YCA] Yellow Cake Plc Ord Gbp0.01 share price was -5.5p at 219.5p

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