(URANIUM) YELLOW CAKE CEO: Primary uranium supply WAY BEHIND rapidly growing demand!

READ THE ENTIRE MINING.COM ARTICLE HERE!

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London-listed Yellow Cake, a company focused on providing exposure to the uranium spot price, remains optimistic about medium-term sector fundamentals despite current subdued uranium prices.

In a company update on Monday, Yellow Cake CEO Andre Liebenberg highlighted a “fundamental global shortage” of uranium, driven by surging demand.

This demand stemmed not only from a growing recognition of nuclear power's role in the future energy mix, but also from its critical importance in supporting the AI boom and the development of hyperscale data centers, he said.

Liebenberg noted that primary mine supply of 140-million pounds was significantly trailing behind global demand of over 180-million pounds a year.

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