What total value of contracts did Deep Yellow (ASX:DYL) award for its Tumas Project?

Deep Yellow (ASX:DYL) awarded a combined $34 million in construction contracts for its Tumas Project in Namibia. The total package includes an $18.5 million precast concrete contract and an $15.5 million civil construction contract.

How did the share price of Deep Yellow (ASX:DYL) react to the contract announcement?

Following the contract announcement, the Deep Yellow (ASX:DYL) share price traded down to $1.23. The stock market movement occurred ahead of the company's planned final investment decision for the project.

When is mobilisation for the Deep Yellow (ASX:DYL) project contracts expected to begin?

Deep Yellow (ASX:DYL) stated that contract mobilisation is expected to commence in August. The company expects the works to fit within its planned 24-month construction timeline following a final investment decision.

Who was selected to carry out the civil construction works for Deep Yellow (ASX:DYL)?

Deep Yellow (ASX:DYL) selected local Namibian firms to execute the construction works for the Tumas Project. Nexus Building and Civils Contractors was awarded the A$15.5 million civil construction contract, while Namibia Construction secured the $18.5 million precast concrete design contract.

What is the broader production strategy for Deep Yellow (ASX:DYL)?

Deep Yellow (ASX:DYL) is pursuing a broader growth strategy to produce over 10 million pounds of uranium annually across multiple jurisdictions. The strategy relies on developing its flagship Tumas Project alongside the Mulga Rock Project in Western Australia.

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Deep Yellow awards $34M Tumas Project contracts

Written by Brie CarterPublished Jul 20, 2026, 2:14 AM

Deep Yellow awarded $34 million in construction contracts for its Tumas Project in Namibia.
Deep Yellow shares traded down at $1.23 following the announcement.
The awards aim to improve execution flexibility ahead of a planned final investment decision.

Uranium developer Deep Yellow (ASX:DYL) awarded $34 million in construction contracts for its Tumas Project in Namibia.

The awards include $15.5 million for civil construction works.

"Developing Tumas in partnership with local industry is central to our strategy," said Deep Yellow CEO Greg Field.

Deep Yellow stated that mobilisation will start in August and works will fit the planned 24-month timeline.

Following the announcement, the Deep Yellow share price was down at $1.23 ahead of a final investment decision.

The business is pursuing a strategy to produce over 10 million pounds of uranium annually across multiple jurisdictions.

Its portfolio includes the flagship Tumas asset alongside the Mulga Rock Project in Western Australia.

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Deep Yellow awards $34M Tumas Project contracts

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