Deep Yellow's completion of A$140.5M tranche 1 placement

Deep Yellow Limited (ASX: $DYL) has successfully completed Tranche 1 of the Placement, issuing 114,706,334 ordinary fully paid shares at A$1.225 per share to raise approximately A$140.5M before costs.

Executive commentary on the completion of tranche 1 placement

It is worth reiterating that the Placement, commencing with the completion of this Tranche 1, puts Deep Yellow in a strong financial position, ready to take on the next phase of the Company's growth. With our strong positioning, / feel shareholders will benefit greatly while we are building Deep Yellow into a company that / believe will become highly significant on the global uranium supply scene. We are confident in completing Tranche 2 of the Placement following a general meeting in or around late April 2024, and raising a further A$30M from the Share Purchase Plan, which will allow eligible shareholders to participate in this capital raising.

Summary of Deep Yellow's completion of A$140.5M tranche 1 placement

Deep Yellow Limited (ASX: $DYL) has successfully completed Tranche 1 of the Placement, raising approximately A$140.5M before costs. The completion of this tranche puts the company in a strong financial position, ready to take on the next phase of its growth. Deep Yellow aims to become highly significant on the global uranium supply scene and is confident in completing Tranche 2 of the Placement following a general meeting in or around late April 2024, and raising a further A$30M from the Share Purchase Plan, allowing eligible shareholders to participate in this capital raising.