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Deep Yellow Limited ( (AU:DYL) ) has provided an update.
Deep Yellow Limited is involved in legal proceedings in Namibia as Jurgen Hoffman and Tumas Granite CC have filed an application to review the mining license ML237 and associated Environmental Clearance Certificate. This is the fifth such challenge by the applicants since 2011. The company views the application as baseless and is prepared to defend its rights, having complied with all legal requirements for the license.
More about Deep Yellow Limited
Deep Yellow Limited is a globally diversified uranium company aiming to produce over 10 million pounds annually. With advanced projects in Namibia and Western Australia, the company is committed to growth through exploration in the Northern Territory and Namibia, and potential M&A opportunities. It is led by a highly experienced team in uranium mining and is positioned to contribute to nuclear energy as a sustainable power source.
YTD Price Performance: -0.65%
Average Trading Volume: 110,747
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $746.9M
For a thorough assessment of DYL stock, go to TipRanks’ Stock Analysis page.
