Deep Yellow and Vimy creates global uranium player

Deep Yellow and Vimy creates global uranium player

www.123rf.com Deep Yellow is operating as a significantly larger uranium company, following the successful merger with Vimy Resources.

The transaction, announced on 31 March 2022, combines two advanced, geographically diverse uranium projects, with a combined project portfolio placing Deep Yellow in a unique position as one of the few uranium companies globally with multi-asset exposure and development optionality to deliver its stated incentive-driven production target post-2025, given the necessary incentive uranium price. The completion of the merger has also consolidated a world-class exploration portfolio across two Tier-1 mining jurisdictions, particularly the highly prospective Alligator Project, able to support the Company’s ambitious strategy of establishing +10 Mlb production per annum.

Deep Yellow is now the only ASX-listed company with two advanced, near development ready uranium operations. The Tumas Project located in Namibia, will complete its DFS by end CY22 with potential to produce 3 Mlb U3O8 p.a.

The Mulga Rock Project located […]

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