Deep Yellow Bear Worries About Elevated Capex, Project Delays -- Market Talk

Dow Jones

Mar 10, 2025

2229 GMT - The risk of new delays to Deep Yellow's Tumas project helps to keep Jefferies at underperform on the aspiring uranium producer. Deep Yellow aims to make a final investment decision on Tumas this month, while arranging a debt package and finding offtake partners. Current pre-production capex is estimated at US$360 million, plus US$51 million in pre-production capitalized operating costs, and US$30 million in working capital. "We see risk of elevated capex and project delays to the 2026 first production timeline," says analyst Daniel Roden. "Deep Yellow has also stated the development of Tumas will only be pursued with an unquantified supportive uranium price to provide the best shareholder returns." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 09, 2025 18:29 ET (22:29 GMT)

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Deep Yellow aims to make a final investment decision on Tumas this month, while arranging a debt package and finding offtake partners. Current pre-production capex is estimated at US$360 million, plus US$51 million in pre-production capitalized operating costs, and US$30 million in working capital. \"We see risk of elevated capex and project delays to the 2026 first production timeline,\" says analyst Daniel Roden. \"Deep Yellow has also stated the development of Tumas will only be pursued with an unquantified supportive uranium price to provide the best shareholder returns.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 09, 2025 18:29 ET (22:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deep Yellow Bear Worries About Elevated Capex, Project Delays -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeep Yellow Bear Worries About Elevated Capex, Project Delays -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-10 06:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2229 GMT - The risk of new delays to Deep Yellow's Tumas project helps to keep Jefferies at underperform on the aspiring uranium producer. Deep Yellow aims to make a final investment decision on Tumas this month, while arranging a debt package and finding offtake partners. Current pre-production capex is estimated at US$360 million, plus US$51 million in pre-production capitalized operating costs, and US$30 million in working capital. \"We see risk of elevated capex and project delays to the 2026 first production timeline,\" says analyst Daniel Roden. \"Deep Yellow has also stated the development of Tumas will only be pursued with an unquantified supportive uranium price to provide the best shareholder returns.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 09, 2025 18:29 ET (22:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DYL.AU","symbol_name":"DEEP YELLOW LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518360252","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518360252","pubTimestamp":1741559340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2229 GMT - The risk of new delays to Deep Yellow's Tumas project helps to keep Jefferies at underperform on the aspiring uranium producer. Deep Yellow aims to make a final investment decision on Tumas this month, while arranging a debt package and finding offtake partners. 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Deep Yellow aims to make a final investment decision on Tumas this month, while arranging a debt package and finding offtake partners. Current pre-production capex is estimated at US$360 million, plus US$51 million in pre-production capitalized operating costs, and US$30 million in working capital. \"We see risk of elevated capex and project delays to the 2026 first production timeline,\" says analyst Daniel Roden. \"Deep Yellow has also stated the development of Tumas will only be pursued with an unquantified supportive uranium price to provide the best shareholder returns.\" (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 09, 2025 18:29 ET (22:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}