ASX 300 uranium Deep Yellow share just surged 7%. Here’s why

S&P/ASX 300 Index (ASX: XKO) uranium share Deep Yellow Ltd ( ASX: DYL ) is charging higher today.

Shares in the uranium miner were up 7.8% in earlier trade today and remain up 5.5% at the time of writing.

Hereâs whatâs driving investor interest in the ASX 300 uranium share. What did Deep Yellow report?

The Deep Yellow share price is soaring after the miner reported that its âhighly positiveâ Definitive Feasibility Study (DFS) at its Tumas uranium project in Namibia has been completed.Deep Yellow noted that the DFS, compared to the earlier Pre-Feasibility Study (PFS), resulted in increased production capacity of its plant from 3 Mlbpa of uranium (U3O8) to 3.6 Mlbpa U3O8, a 20% increase. The plantâs throughput also increased by 11% from the PFS, to 4.15Mtpa from the prior 3.75Mtpa.Atop uranium, the DFS indicated annual production capacity of 1.15 Mlb V2O5, a vanadium by-product.Based on existing ore […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet