Deep Yellow Buys ERA’s Stake in Cooper Creek Joint Venture
Synopsis
The acquisition gives Deep Yellow exposure to exploration licences in the Alligator Rivers uranium province, alongside joint venture partners Cameco Australia and Sutton Motors.
Deep Yellow entered a joint venture to buy the remaining 50 per cent of the Cooper Creek Joint Venture in the Alligator Rivers Uranium Province in Australia's Northern Territory from Energy Resources of Australia (ERA) for A$648,000.
The proposed agreement covers ERA’s interests in the two exploration licence applications over about 810sq km.
Once the usual conditions precedent are met, Deep Yellow will hold a 40 per cent interest as joint venture partner with Cameco Australia, which will remain as operator, and a 10 per cent interest with Sutton Motors Pty Ltd.
Expanding an Established Exploration Position
The Cooper Creek licences lie adjacent to the company's existing ground in the Alligator Rivers region which enhances its exploration footprint in a 1 of the oldest uranium producing regions in the world.
Deep Yellow managing director John Borshoff said the deal is designed to supplement the Australian exploration package and to allow for development on land adjoining Deep Yellow's existing tenure.
The agreement fits in with the company's overall strategy of creating exploration opportunities as well as advancing development projects in the likes of Tumas, Namibia, the company said.
The company’s loss was A$14.7million for the six months ended December 31, 2025, its interim financial results, with investment in exploration, engineering and project studies, in preparation for commercial production still being incurred.
Uranium Exploration Continues to Draw Investment
The acquisition is part of the broader uranium exploration underway in some of the largest producers of and countries with considerable uranium resources globally as the world expects the continuing rise in demand for nuclear fuel.
Australia possesses the world’s largest resources of known uranium, according to the 2024 edition of Uranium: Resources, Production and Demand by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA), otherwise known as the Red Book.
As Kazakhstan continues to be the world’s largest producer, with second place holder Canada, and Namibia in third place, Australia remains a substantial holder of global uranium resources, although it is fourth overall, according to the Red Book report, which also identifies the country as being a key market for exploration investments.
The Red Book report predicts steady demand over the coming two decades and anticipates that additional exploration and the creation of new uranium resources will be required to meet this expected increased demand.
Source: Capital Brief
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Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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