Australia's Deep Yellow rises as investment deferred on hopes of better uranium prices

DEEP YELLOW

08/04/2025 06:36

Repeats to widen distribution

** Shares of Deep Yellow DYL.AX rise 6.2% to A$0.86, on track for strongest session since January 29

** Uranium explorer says final investment decision for its flagship Tumas Project has been deferred as co expects improvements in global uranium prices

** "The final project approval will therefore be delayed until uranium prices fully reflect a sustainable incentivisation environment" - co

** Stock down 21.8% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))