Yellow Cake PLC (LON:YCA) has reported a net asset value of 218p per share as at 30 June 2019.
The valuation is derived primarily from a holding of 9.2mln pounds of physical uranium, worth US$24.70 at prevailing spot prices, but acquired at an average price of US$21.8 per pound.
The total portfolio valuation rings in at US$243.7mln.
During the quarter to June the company was able to raise ?25.9mln and use the proceeds to buy 1.175mln pounds of uranium from Kazatomprom.
The successful conclusion to a recent investigation in the US into the uranium market provides a positive context for the company's operations going forward, said chief executive Andre Liebenberg.