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...
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...