Named in 2021 OTCQX Best 50 Rankings
Perth, Jan 29, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) is pleased to announce that the Company has been named in the 2021 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market In 2020.
The premium QTCQX Market is operated by OTC Markets Group. Companies listed on the QTCQX are required to meet stringent financial standards and adhere to regulatory and compliance laws. Currently, there are 462 companies from 25 countries listed on the QTCQX, with a combined market capitalisation of $1.6 Trillion.
Deep Yellow joined the OCTQB market in June 2018 and was elevated to the OTCQX platform in October 2018, both US based market platforms.
The OTCQX Best 50 is an annual ranking of the top 50 US and international companies that trade on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on their performance in 2020.
Commenting on the ranking, Deep Yellow Managing Director and CEO John Borshoff said, "We are delighted to be included in the 2021 QTCQX Best 50.
"The QTCQX marketplace includes a high number of distinguished companies across different sizes, industries and geographic regions. To be recognised for our performance in 2020 is a testament to the entire Deep Yellow team both in Namibia and Australia, as we continue to work towards becoming a tier-one uranium producer."
About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, Tier-1 uranium company to produce 10+Mlb p.a.
The Company's portfolio contains the largest uranium resource base of any ASX-listed company and its projects provide geographic and development diversity. Deep Yellow is the only ASX company with two advanced projects - flagship Tumas, Namibia (Final Investment Decision expected in 1H/CY24) and MRP, Western Australia (advancing through revised DFS), both located in Tier-1 uranium jurisdictions.
Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio - ARP, Northern Territory and Omahola, Namibia with ongoing M&A focused on high-quality assets should opportunities arise that best fit the Company's strategy.
Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long term to provide baseload power supply and achieve zero emission targets.
Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
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