Deep Yellow Limited (ASX:DYL
) (DYL) is pleased to announce that it has signed a Strategic Alliance Deed with an affiliate of the Sprott Group (Sprott). Sprott also retains the rights, while it holds a minimum 10% equity in DYL, to bid to place or find subscribers for future financial raisings. This further cements the general character of the strategic alliance which DYL regards as an important relationship moving forward appreciating the capacity the Sprott Group has to support companies working in the resource sector.
About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist, differentiated uranium exploration company implementing a contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse project portfolio during a time of depressed uranium outlook.
The Company's cornerstone suite of projects in Namibia are situated within a top-ranked African mining destination; in a country jurisdiction that has a long, well regarded history of safely and effectively developing, producing and regulating its considerable uranium mining industry.
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Deep Yellow Limited (ASX:DYL) March 2018 Quarterly Activity Report
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Deep Yellow Limited