Led by a proven and experienced management team with an exceptional track record of uranium success from development to production, Deep Yellow (the Company) is advancing a dual-pillar growth strategy to establish a multi-mine, 5-10Mlb per annum, low-cost, tier-one uranium producer. The strategy is focused on organic growth through the development of the Company’s existing asset base in Namibia, with a Definitive Feasibility Study (DFS) in progress on the Tumas Project and inorganic growth through targeted M&A.
Namibia has a long and successful history in uranium mining whilst also being a world-class jurisdiction to operate in. Currently, Namibia is the world’s 4th largest uranium producer.
Importantly, the critical role nuclear energy will play in meeting aggressive emission targets will grow even stronger. Currently, global emissions continue to rise despite renewable surge, highlighting the need to increase nuclear contribution for electricity generation to deliver sustainable, safe, zero-emitting, dispatchable power 24/7. Put simply, nuclear energy is becoming the moral imperative, with positive momentum building globally.
The Company is well-funded to rapidly advance key workstreams in 2021, as it works towards establishing a tier-one uranium Company to provide security and certainty of uranium supply into a growing market.