NEW YORK, June 22, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), an operator of regulated markets buying and selling 12,000 U.S. and worldwide securities, immediately introduced Yellow Cake plc (LSE: YCA; OTCQX: YLLXF), a specialised firm working within the uranium sector holding long-term bodily uranium, has certified for itemizing on the OTCQX® Finest Market. Yellow Cake plc upgraded to OTCQX from the Pink® market.
Yellow Cake plc begins buying and selling immediately on OTCQX beneath the image “YLLXF”. US traders can discover present monetary data and real-time Tier 2 quotes for the corporate at www.otcmarkets.com.
Upgrading to the OTCQX market is a crucial step for corporations seeking to supply clear buying and selling for his or her US traders. For corporations listed on a certified worldwide alternate, enhanced market requirements permit them to make use of their native market studies to make their data obtainable within the US. To qualify for OTCQX, corporations should meet excessive monetary requirements, comply with greatest company governance practices and display compliance with securities legal guidelines.
Galanopoulos & Firm acted as the corporate’s OTCQX sponsor.
Andre Liebenberg, CEO of Yellow Cake, stated:
“We’re delighted to have certified to start buying and selling our shares on the OTCQX market. It highlights the rising profile of our enterprise, but in addition the elevated consciousness and assist for our long-term funding case. Additionally, about half of our traders are already in North America, so it is solely proper that we take steps to offer them with larger liquidity and market visibility. Buying and selling on the OTCQX Market is one other vital milestone in Yellow Cake’s continued growth. The availability and demand fundamentals which have pushed Yellow Cake’s progress up to now are as related immediately as they have been once we first selected to record in London. Latest geopolitical occasions solely serve to reaffirm these fundamentals. We stay as assured as ever in our technique and our skill to ship long-term worth to our shareholders.”
About Yellow Cake plc
Yellow Cake is a London-listed, Jersey-based firm that provides publicity to the spot worth of uranium. That is achieved via its technique of shopping for and holding bodily triuranium octoxide (“U3O8”). You can even attempt to add worth via different uranium-related actions. Yellow Cake seeks to generate shareholder returns via appreciation of the worth of its U3O8 holding and its different uranium-related actions in an surroundings of rising uranium costs. The enterprise is differentiated from its friends by its ten-year framework settlement for the provision of U3O8 with Kazatomprom, the world’s largest uranium producer. Yellow Cake presently has 17.86 million kilos of U3O8, all of which is in storage in Canada and France.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets to commerce 12,000 US and worldwide securities. Our data-driven disclosure requirements kind the inspiration of our three public marketplaces: OTCQX® Finest Market, OTCQB® threat market and rose® Open market.
Our OTC Hyperlink® Different Buying and selling Programs (ATS) present important market infrastructure that brokers depend on to facilitate buying and selling. Our modern mannequin gives corporations extra environment friendly entry to the US monetary markets.
OTC Hyperlink ATS, OTC Hyperlink ECN and OTC Hyperlink NQB are SEC-regulated ATSs operated by OTC Hyperlink LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To study extra about how we create higher knowledgeable and extra environment friendly markets, go to www.otcmarkets.com.
Subscribe to the OTC markets RSS feed
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]