The Placement was strongly supported by both new and existing domestic and international institutional investors, with demand exceeding the funds the Company sought to raise through the Placement.
A significant portion of the funds raised will be utilised by Deep Yellow to advance the development of the
Deep Yellow's Managing Director & CEO,
"The significant interest in the placement and quantum of equity raised represents an important milestone in the development of Deep Yellow, allowing us to materially advance the
This strategy has been supported by a proven, highly credentialled and experienced uranium team that has successfully assembled a relevant pipeline of geographically diverse projects through both organic and inorganic growth endeavours."
"I take pride in the stature of the team we have built, the tremendous support received for this raising, and the portfolio of quality projects we have introduced for development.
"Crucially, Deep Yellow is well-positioned and this is timed perfectly. With the funds raised, we can now move forward with confidence in progressing the development of our two advanced uranium projects while extracting the full resource potential from our highly prospective exploration projects and continuing with our successful M&A strategy to grow our project pipeline to be ready for more, much needed future development."
Conference Call
Deep Yellow will be holding a conference call for shareholders and interested stakeholders on Monday,
Participants are required to pre-register for the call at the link below. They will receive a calendar invite and a unique code which is to be quoted when dialling into the call.
To ask a question, participants will need to dial "*1" (star, 1) on their telephone keypad. Pre-Registration Link:
https://www.abnnewswire.net/lnk/O27FN5D8
To view details of the Placement, please visit:
https://abnnewswire.net/lnk/ZB774501
To view the Equity Raising Presentation, please visit:
https://www.abnnewswire.net/lnk/P7R08VO9
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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