Australian uranium companies Deep Yellow and Vimy Resources have agreed to a merger by a Scheme of Arrangement, under which Deep Yellow will acquire 100% of Vimy’s shares. The merger will bring together the two companies’ complementary asset bases including the Mulga Rock uranium project in Western Australia and the Tumas project in Namibia. Mulga Rock (Image: Vimy)
According to the two companies, the merger will create a new global uranium player with "significant scale" and with cash resources of AUD106 million (about USD80 million). Its combined uranium resource inventory – some 389 million pounds U3O8 (14,963 tU) – will be one of the biggest in the world and will include two "advanced, world class assets in Tier-1 uranium mining jurisdictions".
Under the scheme, Deep Yellow will acquire 100% of the Vimy shares on issue, while Vimy shareholders will receive 0.294 Deep Yellow shares for every Vimy share held. Deep Yellow […]
Click here to view original web page at world-nuclear-news.org
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 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!
Comments