Deep Yellow [ASX:DYL] Shares Are Up 7% for Tumas Uranium

Shares have been soaring for uranium developer Deep Yellow [ ASX:DYL ] after the company issued an update pertaining to its Tumas Project in Namibia, which the company says has returned both strong and positive results in its recent DFS (Definitive Feasibility Study).

Deep Yellow was riling up its shareholders on what it called highly positive results for its world-class uranium project, expecting to produce up to 3.6 Mlb UO (uranium) per annum and 1.15 Mlb VO (vanadium by-product) over 22.25 years of mine life.

By rising more than 7% in share price today, DYL has shot up more than 17% in the first month of the year and sits at an 8% gain from February 2022–23.

Even so, the uranium producer is tracking below its industry average by 16.5%.By comparison, Boss Energy [ASX:BOE] , DYL’s big-name uranium-producing competitor has moved up 24% in the past full year and, though up on […]

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