Accordingly, the Company has today issued 114,706,334 ordinary fully paid shares (Shares) to qualified, institutional, sophisticated and professional investors at
Commenting on the successful first tranche of the Placement, Deep Yellow's Managing Director & CEO,
"It is worth reiterating that the Placement, commencing with the completion of this Tranche 1, puts Deep Yellow in a strong financial position, ready to take on the next phase of the Company's growth.
"With our strong positioning, I feel shareholders will benefit greatly while we are building Deep Yellow into a company that I believe will become highly significant on the global uranium supply scene.
"We are confident in completing Tranche 2 of the Placement following a general meeting in or around late
About
The Company's portfolio contains the largest uranium resource base of any ASX-listed company and its projects provide geographic and development diversity. Deep Yellow is the only ASX company with two advanced projects - flagship
Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio - ARP,
Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long term to provide baseload power supply and achieve zero emission targets.
Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
Contact:
Managing Director/CEO
T: +61-8-9286-6999
E: john.borshoff@deepyellow.com.au
W: www.deepyellow.com.au
Media:
T: +61-466-984-953
e: cgilenko@citadelmagnus.com
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