The niger uranium forgeries were forged documents initially released in 2001 by sismi italian military intelligence which seem to depict an attempt made by saddam hussein in iraq to purchase yellowcake uranium powder from niger during the iraq disarmament crisis on the basis of these documents and other indicators the governments of the united states and the united kingdom asserted that. It aims to offer shareholders exposure to the uranium price without the risks associated with investment in companies that explore for develop mine or otherwise process uranium. Yellow cake was founded by bacchus capital as a specialist company to operate in the uranium sector holding physical uranium in the long term.
Collected via e mail august 2008. The removal of yellowcake uranium from iraq in 2008 proved that saddam hussein had been trying to restart iraq s nuclear program. When uranium ore comes out of the mine it actually contains fairly little of the precious radioactive element.
Yellowcake is milled uranium oxide known to chemists as u 3 o 8. This increases the uranium 235 concentration from 0 7 to between 3 and 5 which is the level used in most reactors. However it only makes up 0 7 of the natural uranium mined and must therefore be increased through a process called enrichment.
The vast majority of nuclear power reactors use the isotope uranium 235 as fuel. The material is a mixture of uranium oxides which is generally yellow in color depending upon level of impurities following drying. Meaning of yellow cake yellowcake is a solid form of mixed uranium oxide produced from uranium ore in the uranium recovery milling process.
On 11 april it announced its intention to raise about gbp22 9 million through the placement which today it said it had increased owing to strong investor demand. London based yellow cake operates in the uranium sector with a view to holding physical uranium in the long term. The material is a mixture of uranium oxides which can vary in proportion and color from yellow to orange to dark green blackish depending on the temperature at which the material is dried which affects the level of hydration and impurities with higher drying.
The solid form of mixed uranium oxide which is produced from uranium ore in the uranium recovery milling process. The ore is therefore reduced milling process to. Yellowcake uranium the powdered typically yellow form of uranium oxide with the chemical formula u 3 o 8 in the nuclear fuel cycle yellowcake is a product of the second step occuring directly after mining and is created through milling after the uranium is mined the ore that is obtained has many different complex uranium oxides within it.
Yellowcake also called urania is a type of uranium concentrate powder obtained from leach solutions in an intermediate step in the processing of uranium ores it is a step in the processing of uranium after it has been mined but before fuel fabrication or uranium enrichment yellowcake concentrates are prepared by various extraction and refining methods depending on the types of ores.
