Led by a proven and experienced management team with an exceptional track record of uranium success, Deep Yellow (ASX:DYL) is focused on becoming a tier-one, low-cost uranium producer by establishing a multi-project, globally diversified uranium portfolio.
The Company is advancing a bold, counter cyclical, dual-pillar growth strategy. The strategy is focused on organic growth through the development of the Company’s existing asset base in Namibia, and inorganic growth through a targeted merger and acquisition program.
The long-term outlook for uranium is extremely positive underpinned by the integral role nuclear power will need to play in meeting clean energy targets. Aside from growth already forecasted to meet electricity demand in regions such as Asia, Middle East and Eastern Europe, the expectation is that additional nuclear demand will be driven by the requirement to counter growing greenhouse gas emissions, resulting in higher prices for uranium.
Deep Yellow is preparing itself to be in a position to provide a secure and reliable supply of uranium to this growing market.