Also known as: Deep Yellow Ltd
Australian uranium developer advancing the Tumas Uranium Project in Namibia's Erongo Region toward a final investment decision.
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The Namibian
Deep Yellow is advancing its Tumas uranium project in Namibia
“Deep Yellow's Tumas uranium project in Namibia is advancing steadily, supported by an initial capital investment of about N$7.55 billion.”
N$7.5b Tumas uranium project advances in NamibiaThe Namibian
Deep Yellow reported that its Tumas project carries a post-tax NPV8 of N$9.19 billion with 19% internal rate of return
“According to the company's corporate update, the project carries a post-tax net present value (NPV8) of N$9.19 billion, with a projected post-tax internal rate of return of 19%, emphasising its long-term economic viability.”
N$7.5b Tumas uranium project advances in NamibiaNew Era
Deep Yellow is targeting first production around mid-2027 with Tumas
“Tumas is targeting first production around mid-2027 However, Deep Yellow has deferred the final investment decision (FID) until uranium prices reach a level that clearly supports new greenfield supply.”
Opinion – Outlook for Uranium Mining Developments in Namibia in 2026New Era
Deep Yellow has deferred the final investment decision until uranium prices support new greenfield supply
“However, Deep Yellow has deferred the final investment decision (FID) until uranium prices reach a level that clearly supports new greenfield supply.”
Opinion – Outlook for Uranium Mining Developments in Namibia in 2026The Namibian
Deep Yellow Limited spent N$156 million on Tumas Project development over past three months
“Deep Yellow Limited has spent N$156 million on development activities at its Tumas Uranium Project over the past three months.”
Deep Yellow pours millions into Tumas projectThe Namibian
Deep Yellow Limited reached an agreement with Namibia Power Corporation to provide bulk power to project
“In addition, the company reached an agreement with the Namibia Power Corporation through its wholly-owned subsidiary, Reptile Uranium Namibia, to provide the bulk of power to the project.”
Deep Yellow pours millions into Tumas projectThe Namibian
Deep Yellow has not found significant uranium deposits during recent drilling at Tumas project
“Uranium mining company Deep Yellow has not found significant uranium deposits during its most recent drilling programme at the Tumas project in the Erongo region.”
Limited results from Deep Yellow’s recent drillingThe Namibian
Deep Yellow found only thin layers of uranium in low concentrations
“Despite identifying sediment that could contain uranium, Deep Yellow found only thin layers of uranium in low concentrations.”
Limited results from Deep Yellow’s recent drillingThe Namibian
The company will focus on nearby under-explored areas in 2026
“In 2026, the company will focus on nearby under-explored areas likely to contain a different type of uranium mineralisation.”
Limited results from Deep Yellow’s recent drillingThe Namibian
the Australian-owned company has found about 62 million kilogrammes of uranium oxide deposits since 2016
“Since the Australian-owned company began explorations in 2016, it has found about 62 million kilogrammes of uranium oxide deposits.”
Limited results from Deep Yellow’s recent drillingJPMorgan Chase & Co. has ceased to be a substantial shareholder in uranium developer Deep Yellow Ltd after reducing its holding to 46,976,651 ordinary shares, falling below the substantial shareholder threshold on 24 September 2026, through market transactions and unwinding of securities lending arrangements.
1 October 2026 · Windhoek Observer →
JPMorgan Chase & Co. has ceased to be a substantial shareholder in uranium developer Deep Yellow Ltd after reducing its holding to 46,976,651 ordinary shares, falling below the substantial shareholder threshold on 24 September 2026, through market transactions and unwinding of securities lending arrangements.
1 October 2026 · Windhoek Observer →
Australian uranium developer Deep Yellow has released its 2026 Sustainability Report detailing environmental, radiation safety and social performance at its Tumas Uranium Project in Erongo Region ahead of a final investment decision. The company reports converting 211.3 hectares of land cumulatively, withdrawing 47.6 megalitres of saline groundwater for Namibian operations, and commissioning additional biodiversity and environmental studies expected to be completed in 2027 to meet international compliance standards.
30 September 2026 · Windhoek Observer →
The Namibian Securities Exchange's total market value increased by N$99 billion in August, rising 3.24% to N$3.15 trillion, driven mainly by strong gains in mining and bank shares including Anglo American, B2Gold, and Paladin Energy.
29 September 2026 · The Namibian →
Australian-listed Core Energy Minerals has agreed with Deep Yellow subsidiary Reptile Mineral Resources to invest A$5 million (N$57.5 million) in exploration of a Namibian uranium joint venture, potentially acquiring a 51% stake in Nova Energy (Namibia) through two phases of spending over 42 months.
3 September 2026 · Windhoek Observer →
Deep Yellow is evaluating government support, convertible bonds, strategic debt and equity to fund its Tumas uranium project in Erongo Region, with a final investment decision expected in the fourth quarter of this year. The company has completed earthworks and substantially advanced engineering and procurement, with detailed engineering 79% complete and major process plant equipment 76% tendered as of 30 June 2026.
2 September 2026 · Windhoek Observer →
Deep Yellow has awarded two contracts worth a combined estimated N$389 million for civil and concrete works at its Tumas uranium project in Erongo, with construction mobilisation expected to commence in August and a Final Investment Decision anticipated in the fourth quarter.
28 August 2026 · Windhoek Observer →
A US delegation led by Ambassador John Giordano, including officials from the State Department's energy and trade agencies, held high-level meetings with Namibian government officials and industry leaders to expand cooperation in energy security, critical minerals, infrastructure, and emerging technologies. The delegation also represented the US at the Namibian Mining Expo and met with the Minister of Industries, Mines and Energy to discuss opportunities in these sectors.
18 August 2026 · Informanté →
President Netumbo Nandi-Ndaitwah has called for Namibia to move beyond raw material extraction and invest in domestic value addition and industrial expansion. At the Mining Expo and Conference, she emphasized that the nation's mineral wealth must drive local employment and prosperity, noting that macro-fiscal growth alone cannot remedy structural inequality.
9 August 2026 · The Namibian →
President Netumbo Nandi-Ndaitwah announced that the mining sector contributed a combined N$24 billion to local procurement during the year under review, and set an end-of-August deadline for government ministries to implement reforms aimed at improving Namibia's business environment.
6 August 2026 · New Era →
President Netumbo Nandi-Ndaitwah opened the 13th Chamber of Mines Mining Expo and Conference, themed "From Dialogue to Delivery: Assessing Progress in Creating Mining-Led Economic Growth and Employment Since NamPPF." The President stated that the mining sector remains one of Namibia's leading economic sectors towards Vision 2030.
5 August 2026 · The Namibian →
Deep Yellow, developing the Tumas uranium project, has progressed financing with mandated lead arranger Nedbank Limited after completing an Independent Technical Expert review. The company is advancing the staged development of Tumas toward a Final Investment Decision anticipated in the last quarter of this year, with progress on power and water supply infrastructure including detailed design for grid connection and ongoing negotiations with NamWater.
30 July 2026 · Windhoek Observer →
At the 2026 Erongo Regional Career Fair in Walvis Bay, Mayor Johannes Shimbilinga called for collective action to prepare young people for emerging industries, particularly oil and gas and green hydrogen, emphasizing the importance of STEM subjects and technical skills.
23 July 2026 · Windhoek Observer →
Deep Yellow has awarded N$392.6 million in construction contracts to two 100% Namibian-owned firms for its Tumas Uranium Project, with mobilisation scheduled for August and expected to generate roughly 500 local jobs.
22 July 2026 · The Namibian →
Deep Yellow Limited has awarded two civil and concrete construction contracts worth N$391 million for its Tumas uranium project in Erongo, part of the company's strategy to remove execution risk and secure contractors ahead of its planned final investment decision in the fourth quarter of 2026.
21 July 2026 · Windhoek Observer →
Deep Yellow Limited has awarded two major civil and concrete construction contracts worth N$391 million for its Tumas uranium project in Erongo, part of its strategy to remove execution risk and secure contractors ahead of a planned final investment decision in the fourth quarter of 2026.
21 July 2026 · Windhoek Observer →
Namibia exported over six million pounds of uranium oxide concentrate in the first quarter of 2026, the best start to a year in the country's recorded history, driven by rising global uranium prices now above US$80/lb. With three operating mines in the Erongo region and new projects in development, uranium is filling the gap left by the collapsing diamond sector.
4 July 2026 · The Namibian →
A senior U.S. delegation led by Deputy Assistant Secretary of State Nick Checker concluded a four-day visit to Namibia from 11–14 June 2026 to strengthen bilateral relations and expand cooperation in trade, investment, energy, mining and logistics. Discussions with Namibian government officials and business leaders focused on deepening commercial ties and attracting investment in sectors including critical minerals and logistics.
16 June 2026 · Informanté →
The Chamber of Mines of Namibia reports that major mining projects including the Tumas Uranium Project, Twin Hills Gold Project, and Etango Uranium Project continued to progress in 2025, supporting the sector's role as a main economic driver, though rising policy uncertainty is starting to affect investor confidence.
7 May 2026 · Windhoek Observer →
Uranium exploration company Deep Yellow Limited has appointed Jennifer Mintz as chief legal officer to ensure strong corporate governance and regulatory compliance as the company advances its Tumas uranium project development in Namibia.
9 March 2026 · The Namibian →
Deep Yellow's Tumas uranium project in Namibia is advancing with an initial capital investment of about N$7.55 billion and a post-tax net present value of N$9.19 billion, with a projected internal rate of return of 19%. The project aims to operate at a competitive all-in sustaining cost of N$716.40 per pound of uranium.
5 March 2026 · The Namibian →
Namibia is one of the world's top three uranium producers and stands to benefit from rising global demand for nuclear power as countries pursue clean-energy goals. The country's three active uranium projects—Rössing, Husab, and the recently restarted Langer Heinrich—plus exploration activities could significantly increase output and government revenues over the next decade, though the water-intensive industry faces challenges from drought and market volatility.
27 January 2026 · The Namibian →
According to an outlook by legal experts Patrick Kauta and Vivien Chaplin, Namibia's uranium mining sector is expected to benefit from rising global demand for nuclear energy, with established producers like Rössing, Husab, and the restarted Langer Heinrich expanding, while new projects including Etango-8, Tumas, and Norasa advance through development stages. The sector faces challenges including water scarcity and global market volatility, but Namibia's stable political environment and substantial reserves position it as an increasingly attractive investment destination for nuclear fuel supply.
26 January 2026 · New Era →
Australian mining company Deep Yellow Limited has spent N$156 million over the past three months advancing its Tumas Uranium Project in the Erongo region, with detailed engineering 60% complete and bulk earthworks 24% complete. The company is derisking the project ahead of a final investment decision, expecting uranium prices to rise in 2026, and has secured a power supply agreement with Namibia Power Corporation.
24 January 2026 · The Namibian →
Uranium mining company Deep Yellow discovered only thin layers of uranium in low concentrations during its recent drilling programme at the Tumas project in Erongo. The company will shift focus to under-explored nearby areas in 2026 after exploring 7km of paleo channels.
13 January 2026 · The Namibian →