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Knocked back in November, merged in March — advanced uranium plays Deep Yellow (ASX: DYL) and Vimy Resources (ASX: VMY) have at last found common ground in a merger of their Australian and Namibia projects in a deal that creates a $658 million operation.
The deal comes as uranium prices nearly doubled last year amid a global push for renewable power.
Uranium bull John Borshoff reckons war in Ukraine is yet another catalyst that will reheat a sector that struggled in the decade after Fukushima.
Australian uranium companies Deep Yellow and Vimy Resources have agreed to a merger by a Scheme of Arrangement, under which Deep Yellow will acquire 100% of Vimy's shares. The merger will bring together the two companies' complementary asset bases including the Mulga Rock uranium project in Western Australia and the Tumas project in Namibia.
Heritage Insurance (NYSE:HRTG – Get Rating) and Deep Yellow (OTCMKTS:DYLLF – Get Rating) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, risk, institutional ownership, profitability, earnings, dividends and valuation. Analyst Ratings This is a breakdown of recent ratings […]