VMY
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Company News
New $658m uranium major emerges as Deep Yellow ties the knot with Vimy Resources
After advanced uranium explorer Deep Yellow (ASX: DYL) made a takeover bid and was knocked back last year, Vimy Resources (ASX: VMY) has found common ground with Deep Yellow, which paves the way for a $658 million merger of their Australian and Namibia projects. Deep Yellow is to acquire 100% of Vimy under a scheme […]
Deep Yellow leaves door open for merger with Vimy, strengthens board
Deep Yellow (ASX: DYL) chief executive officer John Borshoff has laid out a detailed case for mergers in the uranium sector after the company’s attempt to acquire Vimy Resources (ASX: VMY) was allowed to lapse by the target company. He says Deep Yellow remains open to talks with Vimy, adding that an agreed merger was […]
Uranium stocks rally as nations tighten emissions targets
The uranium industry is setting up for an accelerated rise in prices with a supply deficit looming and demand growing as governments target ‘cleaner and greener’ energy sources – a sector in which nuclear power didn’t seem to be considered until now. Nuclear power has been sidelined by governments for years, hampered by its dangerous […]
First silver, now uranium — fears of supply shortages drive up yellowcake share prices
While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, […]
Uranium stocks take off as US Senate committee clears Trump plan for strategic reserve
The US Senate Committee on Environment and Public Works has passed a bill that approves the establishment of a national uranium strategic reserve. The new bill, which will almost certainly pass the whole US Senate because it has bipartisan support, excludes any Chinese or Russian company involvement in supplying uranium to the stockpile. But Australia, […]
Is the long-awaited supply shock finally here for uranium?
Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, […]
Vimy Resources acquires new base metals acreage, maintains uranium focus
Uranium junior Vimy Resources (ASX: VMY) has acquired an unexplored landholding believed to be highly-prospective for base metals and located next to its flagship Mulga Rock uranium project, 290km from Kalgoorlie in Western Australia’s Great Victoria Desert. The acquisition was made through the company’s wholly-owned subsidiary Vélo Resources and comprises one granted exploration lease and […]
Rising battery mineral prices unlock base metal upside to Vimy Resources’ uranium project
Uranium explorer Vimy Resources (ASX: VMY) has uncovered battery mineral upside at its Mulga Rock uranium project in Western Australia. A definitive feasibility study into the project’s viability originally focused on the project’s uranium potential. However, with the rising price for base metals, and cobalt, in particular, Vimy reviewed the viability of developing a base […]
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