Deep Yellow awards N$391m worth of construction contracts for Tumas project

CHAMWE KAIRA

Deep Yellow Limited has awarded two major civil and concrete construction contracts worth a combined figure of N$391million for its flagship Tumas uranium project in the Erongo region marking another step towards the project’s planned final investment decision (FID) later this year.

The company said the contracts form part of its project execution strategy aimed at securing critical construction capabilities ahead of major development activities while maintaining flexibility as it works towards an anticipated FID in the fourth quarter of 2026.

Deep Yellow managing director and chief executive officer Greg Field said the contract awards represent another milestone in the company’s approach to project development.