Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Deep Yellow Limited ( (AU:DYL) ) has issued an update.
Deep Yellow Limited has deferred the final investment decision for its Tumas Project to March 2025 due to delays in costings and quotes. The project remains strong, with a significant increase in proven and probable ore reserves. Early works continue, supported by firm agreements for water and power supply. The company is progressing with debt financing, leveraging strong cash reserves, and sees potential for further life of mine increases. The uranium market outlook is positive, driven by global demand for clean energy, but higher uranium prices are needed to incentivize greenfield developments like Tumas.
More about Deep Yellow Limited
Deep Yellow Limited is a company engaged in the uranium industry, focusing on the development and production of uranium resources. Its primary projects include the Tumas and Mulga Rock uranium projects, which are among the most advanced greenfield uranium development projects globally.
YTD Price Performance: 2.47%
Average Trading Volume: 118,806
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $781.9M
Find detailed analytics on DYL stock on TipRanks’ Stock Analysis page.
