17:00 Mon 15 Jul 2019
Yellow Cake PLC - Statement re: S.232 Decision on US Uranium Imports
Statement re: Section 232 Decision on
Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium ("U3O8") for the long term, notes the decision by President
As part of the decision not to introduce new trade restrictions, the President also announced the establishment of a
"The Section 232 investigation has created an 18 month period of uncertainty which has severely restricted activity in the uranium market. We view the decision that no new trade restrictions will be implemented at this stage as positive, and likely to support a return to more normal levels of activity. We note the creation of a new
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) no 596/2014
ENQUIRIES:
|
|
|
|
Tel: +44 (0) 153 488 5200 |
|
|
|
Nominated Adviser and Joint Broker: |
|
|
|
|
|
Tel: +44 (0) 207 260 1000 |
|
|
|
Joint Broker: Berenberg |
|
|
Detlir Elezi |
Tel: +44 (0) 203 207 7800 |
|
|
|
Financial Adviser: Bacchus Capital Advisers |
|
|
|
Tel: +44 (0) 203 848 1640 |
|
|
|
Investor Relations: Powerscourt |
|
|
|
Tel: +44 (0) 779 3 85 8211 |
|
|
|
|
|
FORWARD LOOKING STATEMENTS
Certain statements contained herein are forward looking statements and are based on current expectations, estimates and projections about the potential returns of the Company and the industry and markets in which the Company will operate, the Directors' beliefs and assumptions made by the Directors. Words such as "expects", "anticipates", "should", "intends", "plans", "believes", "seeks", "estimates", "projects", "pipeline", "aims", "may", "targets", "would", "could" and variations of such words and similar expressions are intended to identify such forward looking statements and expectations. These statements are not guarantees of future performance or the ability to identify and consummate investments and involve certain risks, uncertainties and assumptions that are difficult to predict, qualify or quantify. Therefore, actual outcomes and results may differ materially from what is expressed in such forward looking statements or expectations. Among the factors that could cause actual results to differ materially are: uranium price volatility, difficulty in sourcing opportunities to buy or sell U3O8, foreign exchange rates, changes in political and economic conditions, competition from other energy sources, nuclear accident, loss of key personnel or termination of the services agreement with 308
This information is provided by RNS, the news service of the
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE