Deep Yellow completed tranche 2 of its placement, raising approximately $79.5 million at $1.225 per share.

The issuance of 64,738,565 ordinary fully paid shares to institutional investors and 146,937 shares to participating directors aims to enhance operational capabilities and project investments in the uranium sector.

The move signals Deep Yellow's growth trajectory and commitment to advancing in the industry, likely fostering positive investor and stakeholder reception.