Deep Yellow projects robust uranium demand, prices to stay higher

Deep Yellow head of business development Andrew Mirco Deep Yellow head of business development Andrew Mirco Creamer Media Senior Deputy Editor Online

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Pure-play uranium company Deep Yellow aims to produce ten-million pounds a year within the next decade, driven by strong demand and a market deficit, says head of business development Andrew Mirco .

Speaking at the Diggers and Dealers conference in Kalgoorlie, he outlined the company’s plans, highlighting the construction of the Tumas project , in Namibia, and Mulga Rock mine, in Australia, as key developments. Tumas was set to be operational by 2026 and Mulga Rock would come on line by 2028.These two long-life assets would be producing well into the 2050s and 2060s in a market with limited greenfield production, he said.Following a successful capital raise in March, Deep Yellow is in a strong position, boasting A$257-million in cash, no debt, and a market […]

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