2 ASX 200 uranium shares releasing big news today

The ASX uranium miners released news on their international growth plans.

| More on:
A man and a woman sit in front of a laptop looking fascinated and captivated.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Two S&P/ASX 200 Index (ASX: XJO) uranium shares have come out with big news this morning. A morning that sees the ASX 200 down 1.7%, following a sharp sell-off in US stock markets overnight.

Which uranium companies are we talking about?

Read on!

ASX 200 uranium share on the acquisition path

Paladin Energy Ltd (ASX: PDN) is the first ASX 200 uranium share with a price-sensitive update out today.

Paladin Energy shares are currently trading for $7.55 apiece, down 2.1%.

This comes after the company announced that it had received clearance to acquire Canadian-listed Fission Uranium Corp (TSE: FCU) under the Investment Canada Act (ICA).

The ICA Clearance represents the final regulatory clearance required to complete the acquisition through a court-approved plan of arrangement.

The deal remains subject to customary closing conditions, and management now expects it to be completed by early January. The ASX 200 uranium stock first announced the proposed acquisition on 24 June.

Under the agreement, Fission shareholders will receive 0.1076 Paladin shares for each Fission share held at the effective time of the arrangement. Following the closing of the arrangement, Paladin's shares are expected to be listed on the Toronto Stock Exchange, and Fission's shares will be delisted.

Commenting on the Canadian government's decision, Paladin CEO Ian Purdy said:

The combination of Paladin and Fission creates a world-class diverse uranium producer operating in multiple countries, with a high-quality portfolio of production, development and exploration assets.

The addition of the PLS project in the Athabasca Basin creates a leading Canadian development hub alongside our existing Michelin project, with exploration upside across all the Canadian properties.

Which brings us to…

Uranium project FID pushed back

The second ASX 200 uranium share with big news out today is Deep Yellow Limited (ASX: DYL).

Deep Yellow shares are changing hands for $1.08 apiece in morning trade, down 10.4%.

The Deep Yellow share price is under heavy pressure on Thursday after the company said it would defer its Final Investment Decision (FID) on the Tumas project in Namibia until early March.

Management said the FID is being pushed back due to delayed costs and quotes for equipment and construction, as well as further project optimisation.

While Deep Yellow said it is continuing to make significant progress and demonstrating the strong economic viability of Tumas, the final execution and plant construction commencement remains dependent on sufficient uranium price incentivisation.

In the meantime, early works on non-process infrastructure are continuing in a bid to avoid any potential project delays. The board said it doesn't expect this "small delay" to have a material impact on the project's objective of commencing production in late 2026.

Deep Yellow noted that it remains well-funded, holding $247 million at 30 September, to progress the project development.

Commenting on the FID deferral pressuring the ASX 200 uranium share today, Deep Yellow managing director John Borshoff said:

This delay is considered minor in the scheme of this project, and it is also important we make our final decisions based on the best, most up-to-date information and in the best interests of our shareholders.

As for the longer-term outlook for the uranium market, Borshoff added:

The outlook for nuclear remains extremely optimistic. Substantial uranium supply, potentially a doubling of annual supply by 2040, will be required and we believe that will be difficult to achieve giving us a definite competitive advantage in what we anticipate will be a more positive price environment.

Should you invest $1,000 in Deep Yellow Limited right now?

Before you buy Deep Yellow Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Deep Yellow Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 7 February 2025

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Energy Shares

Oil worker using a smartphone in front of an oil rig.
Energy Shares

Buying ASX 200 energy shares? Here's Citi's 2025 oil price forecast

ASX 200 energy shares struggled amid a slumping oil price in 2024.

Read more »

Two fists connect in a surge of power, indicating strong share price growth or new partnerships for ASC mining and resource companies
Energy Shares

These 2 ASX 200 utilities shares are reporting next week

Two of the nation's biggest utilities companies will release important shareholder information next week. 

Read more »

An oil worker in front of a pumpjack using a tablet PC.
Energy Shares

Buy this ASX 200 energy stock for a potential 20%+ return

Bell Potter is tipping this stock to deliver big returns over the remainder of 2025.

Read more »

Gas and oil plant with a inspector in the background.
Energy Shares

How much could $10,000 in Woodside shares be worth in a year?

Would it be a good idea to invest your hard-earned money into this energy giant? Let's find out.

Read more »

Oil worker using a smartphone in front of an oil rig.
Earnings Results

ASX 200 energy stock tumbles despite 50% dividend boost

The ASX 200 energy stock is under heavy selling pressure on Thursday. But why?

Read more »

Happy coal miner.
Energy Shares

Why are ASX coal shares having such a cracking run today?

The latest salvo in the new American tariff war is benefiting some ASX shares.

Read more »

A woman wearing a hard hat holds two sparking wires together as energy surges between them. representing the rising Li-S Energy share price today
Energy Shares

Got $3,000? 3 energy ASX energy shares to buy and hold forever

Analysts think these shares would be great options for investors looking for exposure to the energy sector.

Read more »

Oil rig worker standing with a clipboard.
Energy Shares

What happened with the Woodside share price in January?

Alongside global oil prices, Woodside shares saw some big moves in January.

Read more »