# Deep Yellow and Vimy Resources agree on $493M merger

Australian uranium explorers Deep Yellow Limited and Vimy Resources agreed on a A$658 million ($493.24 million) merger, with Deep Yellow acquiring 100% of Vimy shares.

- Type: Acquisition
- Announced: 2022-03-31
- Where: Australia
- Value: $493.2M
- Status: announced
- Products: uranium
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Deep Yellow](https://endata.com/companies/61989.md) (acquirer)
- [Vimy Resources](https://endata.com/companies/61990.md) (target)

## Sources

- [mining.com](https://www.mining.com/web/australian-uranium-explorers-deep-yellow-vimy-agree-on-493m-merger-deal/), 2022-03-31: "The expanded strong technical team of Deep Yellow, together with Vimy personnel, positions us well to bring both projects online when uranium prices support the generation of long-term, sustainable positive cash flows."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.