Australian uranium developer Deep Yellow Limited has successfully raised approximately N$1.7 billion (A$140.5 million) through the first tranche of its placement. The placement, announced on 11 March 2024, involved issuing 114,706,334 ordinary shares at A$1.225 (N$15.13) per share to institutional and qualified investors. Deep Yellow’s Managing Director & CEO, John Borshoff, expressed satisfaction with the...
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Deep Yellow to raise N$2.7bn for Tumas project in Namibia
Uranium developer Deep Yellow has secured binding commitments to raise N$2.7 billion through a placement to develop its Tumas Project in Namibia. The Australia-based uranium developer Managing Director and CEO John Borshoff said the placement will see the issuance of 179,591,836 fully paid ordinary shares at A$1.225 (N$15.13) a piece. “We are very pleased with...
GEINGOB MEMORIAL | President Mnangagwa expresses deep sorrow over the loss Geingob – nbc
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SAUMA raises deep concern over the threat to Stampriet Artesian Basin – Windhoek Observer
Niël terblanché The Stampriet Aquifer Uranium Mining Association (SAUMA) Management Committee has penned an urgent open letter addressed to key stakeholders, including Members of Cabinet, Members of Parliament, Standing Committees, Regional Governors, Councilors, Traditional Authorities, and the Namibian public. SAUMA expressed deep concerns regarding the proposed In Situ Leach Mining of Uranium in the Stampriet...
Parents dig deep into their pockets for stationery – nbc
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Parents dig deep into their pockets for stationery
Stationary stores in Otjiwarongo are packed as parents busy themselves with back-to-school shopping. Stationery lists, some say, require them to dig deep into their pockets. While last-minute shoppers wait for the last day of shopping before schools reopen, others are making sure they have everything printed on their schools’ stationary lists. Benhard Anghuwo, a resident...
Deep Yellow subsidiary secures mining licence for Namibia project – Business Express
Namibia’s Ministry of Mines and Energy has issued Reptile Uranium – a subsidiary of ASX-listed Deep Yellow – with a mining licence for the Tumas project. “We are delighted to have received the mining licence for our Tumas project. This represents another key accomplishment in the progress to develop this significant uranium asset and our...
Tumas project to cost Deep Yellow N$6bn
Deep Yellow Limited’s flagship Tumas project is expected to cost N$6 billion (US$360.5 million) according to re-costing study findings from N$7.3 billion (US$385.1 million) projected from the definitive feasibility study (DFS). The re-costing study’s findings show that this will result in cost savings of N$458 million (US$24.6 million). Deep Yellow’s Managing Director/CEO, John Borshoff, highlighted...
International science organizations sign agreement to provide hardware for the Deep Underground Neutrino Experiment
Ten international funding agencies will contribute to the construction of the gigantic particle detectors a mile underground for the Fermilab-hosted Deep Underground Neutrino Experiment. Batavia, Illinois, Dec. 06, 2023 (GLOBE NEWSWIRE) — The Deep Underground Neutrino Experiment — also known as DUNE — is an international mega science experiment that will use enormous particle detectors to study...
Deep Yellow unearths additional resources at Namibian project – Business Express
Uranium explorer Deep Yellow is making strides towards extending the mine life of its Tumas project to a targeted 30 years, with a recent drill programme unearthing additional resources to prolong the current life-of-mine (LoM). The primary objective of the reverse circulation resource expansion and infill drilling programme completed to the west of the Tumas...