Deep Yellow is eager to take advantage of the uranium downturn to buy lbs. cheap. Management has hinted that an acquisition would transform the company into a ‘globally diversified uranium platform,’ which suggests management may be in talks with advanced explorers and early developers outside of Namibia.* Wording in recent press releases may also be construed to indicate that a strategic acquisition is imminent.
*Strategy for Growth
Establish through selective sector consolidation a multi-project, global uranium platform with a project pipeline eventually supporting 5-10Mlb annual low cost production with multi-mine capability.
Press Release: Placement and SPP to Fund Growth Strategy