Deep Yellow plan to delay flagship project weighs on Aussie uranium miners

DEEP YELLOW

22/04/2025 06:59

** Uranium miners Deep Yellow DYL.AX, Paladin PDN.AX, Boss BOE.AX slide 7%-12%, leading laggards on benchmark ASX200 .AXJO

** Deep Yellow says to delay full-scale development and investment in flagship Tumas project in Namibia due to current market conditions

** Deep Yellow stock dropped as much as 12.3% earlier before recouping some losses to trade down 7.7% at A$0.84

** YTD, DYL has dropped 25%, less than PDN's 47% tumble but more than BOE's roughly 2% drop

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))