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

Reuters
04-08
RPT-BUZZ-Australia's Deep Yellow rises as investment deferred on hopes of better uranium prices

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;))

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