Deep Yellow Limited (AU:DYL) has released an update.
Deep Yellow Limited has announced a significant step in their Tumas Project in Namibia by appointing Nedbank Limited as the Mandated Lead Arranger and Bookrunner for project financing. Nedbank’s proven expertise in uranium project financing in Africa, along with a history of partnership with the Deep Yellow management team, is expected to lead to an optimal funding solution for the project. The company is aiming for a Final Investment Decision by Q4 2024 and anticipates production to commence in Q3 2026.
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