• The price of uranium is hitting levels not seen since the Fukushima nuclear accident.
  • At the latest international climate conference, 22 countries committed to triple their nuclear power generating capacity by 2050.
  • Deep Yellow is in the top five of the ASX Top Ten Shorted Stock List.

Mining company Deep Yellow has two wholly owned uranium assets in development in Namibia, with another two in joint venture status along with the Mulga Rock Project and the Alligator River Project in Australia.

Deep Yellow acquired the two Australian assets in 2022 via a merger, with the company now claiming that once in production, Deep Yellow will be the largest pure-play uranium producer on the ASX.

Over five years the share price is up 205.26%.

Source: ASX

 

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The company’s flagship Tumas Project in Namibia has a completed DFS (definitive feasibility study) in place, with a final investment decision on the project expected late in 2024. Deep Yellow now has the mining licence, and a recent re-costing study of the DFS produced substantial increases in the project’s net present value (NPV) and internal rate of return (IRR).

Mining.com points to three tailwinds behind the rising price of uranium:

  • Global pledges to triple nuclear power by 2050
  • Supply issues with major international uranium producers
  • A possible ban on uranium imports from Russia

Marketscreener.com is reporting four analyst ratings on DYL shares, all BUYS.

The Wall Street Journal is reporting five analyst ratings, also all BUYS.

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