Deep Yellow again defers Tumas investment decision citing market conditions
Australia-listed Deep Yellow has deferred the final investment decision (FID) for its flagship Tumas project, in Namibia, to fully capitalise on its upside potential and to protect shareholder value, as the uranium market does not currently support this. As previously reported, the company earlier this year deferred the FID to March following delays in receiving final costing and quotes for detailed engineering work.
Australia-listed Deep Yellow has deferred the final investment decision (FID) for its flagship Tumas project, in Namibia, to fully capitalise on its upside potential and to protect shareholder value, as the uranium market does not currently support this. As previously reported, the company earlier this year deferred the FID to March following delays in receiving final costing and quotes for detailed engineering work.
