What did Deep Yellow report?

• 133 holes (1,363m) drilled at Tinkas Prospect, Namibia, completed mid-March 2026.
• Uranium mineralisation confirmed in 38 drill holes (minimum 100 ppm eU₃O₈).
• Key intersections include 11m at 265 ppm and 4m at 244 ppm eU₃O₈.
• Seismic survey finished at Condor Prospect, Alligator River Project, NT.
• Five new priority drill targets identified at Condor for 2026 season.

What else do investors need to know?

Deep Yellow's drilling at Tinkas Prospect, just north-west of its flagship Tumas Project, confirms uranium mineralisation in both calcretised palaeochannel sediments and basement rocks. The company states further work may be needed before declaring a resource in the Tinkas area.

At the Alligator River Project, a reflection seismic survey mapped highly conductive Cretaceous cover and helped highlight several basement faults—now priority targets for future drilling. The Northern Territory Government contributed $100,000 to support this seismic program.

Exploration in Namibia during 2026 will also focus on other prospects like S-Bend and Aussinanis, as Deep Yellow continues to develop its regional pipeline.

What's next for Deep Yellow?

Deep Yellow will integrate new drill and seismic data to refine targets at both Namibian and Australian prospects. The next drilling campaign at Alligator River is scheduled for the second quarter of 2026 and may provide further resource upside if successful.

With projects in both Namibia and Australia, the company's dual-pillar growth strategy aims to underpin a globally diversified uranium supply as nuclear energy demand rises. Ongoing exploration, along with continued project development and potential M&A, are central to Deep Yellow's long-term plans.

Deep Yellow share price snapshot

Over the past 12 months, Deep Yellow shares have risen 109%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 12% over the same period.

View Original Announcement

The post Deep Yellow provides March 2026 exploration update appeared first on The Motley Fool Australia.

The shares are still down 1.54% for the year to date, however, after the uranium miner lost over 35% of its share price value in March alone. 

Deep Yellow posted weak half-year results in early March, revealing that its consolidated loss for the six months to 31st December had jumped to $7.8 million, up from $2.5 million in the prior year.

It looks like some investors also started selling up their shares after the stock rallied earlier in the year, taking their gains off the table.

Meanwhile, there was broad weakness across in the uranium industry. This was potentially exacerbated after speculation that the company would launch a capital raising. The company has denied this will happen.

Despite the latest volatility, the shares are still 102% higher than 12 months ago.

So why are Deep Yellow shares climbing higher again today?

The uranium miner's shares are climbing higher again today as investors buy back into the company. There hasn't been any price-sensitive news out of Deep Yellow recently to explain the increase, but after the latest sell-off, it's likely that investors are snapping up the shares in the dip.

The increase may also come off the back of some recent stabilisation of uranium prices. Trading Economics data shows that uranium futures in the US are steady around US$85 per pound, trading in a narrow range since dropping to a two-month low in mid-March.  

Are the shares a buy, sell, or hold?

Despite weaker than expected half-year results, Deep Yellow confirmed it is positioning itself as a future uranium producer and is actively pursuing a "dual pillar" growth strategy. 

The company plans to build a uranium production platform capable of producing more than 10 million pounds per year. Its two main assets are the Tumas Project in Namibia and the Mulga Rock Project in Western Australia. They're both projects located in established uranium regions and are expected to underpin the company's long-term development plans.

Management also flagged that mergers and acquisitions could form part of its growth strategy if opportunities arise to acquire high-quality uranium assets.

Market Index data shows that brokers are positive on the outlook for Deep Yellow shares. They rate the stock as a buy, and its average $2.44 target price implies a potential 26.25% upside at the time of writing. 

The post Why is everyone buying Deep Yellow shares today? appeared first on The Motley Fool Australia.

This jubilant hump day session for ASX shares comes after an even more euphoric morning on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) was off to the races, gaining 2.49%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) put the turbocharger on though, exploding 3.83% higher.

Let's get back to the local markets now and see how today's gains filtered down into the different ASX sectors.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

While that was bad, some ASX 200 shares posted even greater declines. Here's why these were the worst-performers on the index last month:

Iperionx Ltd (ASX: IPX)

The IperionX share price was the worst performer on the ASX 200 with a decline of 48.7% in March. Last month, the advanced materials company released its half-year report for the six months to 31 December 2025. IperionX revealed that it recorded a net loss of US$34.8 million for the period. This was much larger than the US$16.2 million loss reported in the prior corresponding period. Despite this heavy decline, IperionX's shares remain up 30% on a 12-month basis.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price was out of form and sank 35.8% last month. The main catalyst for this was the gold miner downgrading its production guidance for FY 2026 a second time. Northern Star revealed weaker-than-planned milling performance at the KCGM operation and reduced mining productivity across several operating areas. As a result, it now expects FY 2026 production to come in ~1.5 million ounces. This compares to its most recent guidance of 1.6 million to 1.7 million ounces, which was downgraded from 1.7 million to 1.85 million ounces.

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price wasn't far behind with a decline of 33.7%. As well as broad weakness in the uranium industry, this may have been triggered by speculation that the company could soon launch a capital raising. However, Deep Yellow denied this will be the case. It stated: "Deep Yellow Limited notes the media speculation on 4 March 2026 regarding a potential capital raising. In response to the report, Deep Yellow confirms the Company is not undertaking a capital raising at this time."

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price was a poor performer and tumbled 31.9% in March. This was driven by significant weakness in the gold price during the month. The precious metal came under pressure after surging oil prices sparked fears of rising inflation and higher interest rates. The latter are bad for the gold price as they boost Treasury yields, which reduces the appeal of gold as a safe haven asset.

The post These were the worst-performing ASX 200 shares in March appeared first on The Motley Fool Australia.

At the time of writing, the Deep Yellow share price is up 3.57% to $2.61.

The company requested the pause just before the market opened as it prepared a response to speculation about a potential capital raise.

Here is what investors need to know.

Deep Yellow responds to capital raising speculation

On Wednesday, media reports suggested Deep Yellow may have been testing investor appetite for a potential $2 billion capital raise.

The report, published in The Australian, raised questions about whether the uranium developer was preparing to issue new shares.

However, Deep Yellow moved quickly to address the speculation.

In a statement released this morning, the company confirmed it is not undertaking a capital raising at this time. Management also said it remains compliant with ASX continuous disclosure rules.

Following the announcement, the trading pause was lifted and shares began trading again early in the session.

Uranium strategy remains in focus

Deep Yellow is pursuing what it describes as a 'dual pillar growth strategy'.

The aim is to build a uranium production platform capable of producing more than 10 million pounds per year.

Its two main assets are the Tumas Project in Namibia and the Mulga Rock Project in Western Australia.

Both projects are located in established uranium regions and are expected to underpin the company's long term development plans.

Management has also indicated that mergers and acquisitions could form part of the strategy if opportunities arise to acquire high-quality uranium assets.

At the same time, the broader uranium market has strengthened over the past year as more countries look to nuclear power to support energy security and lower emissions.

That backdrop has helped lift sentiment across the uranium sector.

What does the chart say?

From a technical perspective, Deep Yellow shares have been in a clear upward trend over the past 12 months.

The stock recently pushed toward the $3 level, which now appears to be acting as a key resistance zone.

Following the recent pullback, the $2.30 to $2.40 region looks like an important support area where buyers previously stepped in.

Momentum indicators are also relatively balanced. The relative strength index (RSI) is currently sitting around 51, suggesting the stock is neither overbought nor oversold.

That means the stock could keep moving sideways for now or try to push higher if sentiment around uranium stays strong.

Foolish bottom line

For now, the key takeaway is that the rumoured capital raising has been ruled out.

With that uncertainty cleared up and trading back underway, investors appear to be turning their attention to Deep Yellow's longer term uranium plans.

However, the company's progress will still depend on project financing, development timelines, and conditions in the uranium market.

The post Deep Yellow shares jump after trading pause. What just happened? appeared first on The Motley Fool Australia.

What did Deep Yellow report?

• Pause in trading announced for Deep Yellow
• No specific earnings or operational figures provided in this announcement
• Further update from the company pending

What else do investors need to know?

Trading in Deep Yellow shares has been temporarily paused as the company prepares a further announcement to the market. ASX Listings Compliance made this request, with an official market notice issued on 5 March 2026.

Investors will need to wait for the pending update before trading resumes, and this may impact short-term trading activity. As always, investors should consider their own circumstances and seek further information when the update is released.

What's next for Deep Yellow?

The next steps depend on the forthcoming announcement from Deep Yellow. Investors should keep an eye out for any updates that may impact the company's outlook or operational plans.

It is important for shareholders to remain informed and review the company's upcoming communications closely.

Deep Yellow share price snapshot

Over the past 12 months, Deep Yellow shares have risen 150%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same period.

View Original Announcement

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By the time trading wrapped up this session, the ASX 200 had fallen a horrid 1.34%, leaving the index at 9,077.3 points.

This rather calamitous drop for the ASX comes after a far calmer morning over on Wall Street to kick off the American trading week.

The Dow Jones Industrial Average Index (DJX: .DJI) had a volatile session but closed 0.15% lower.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was luckier, managing to close 0.36% higher.

But let's get back to the local markets now and take stock of how today's nasty falls affected the various ASX sectors this session.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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With regard to Paladin, the CG team said its Langer Heinrich mine in Namibia continues to perform strongly, following an impressive December quarter in which production beat consensus estimates.

And they believe the company will do even better, as they said:

While Paladin will not update its 4.0-4.4Mlb guidance until after the March quarter, we have revised our FY26 forecast to 4.7Mlb. Commissioning of the mining fleet is trending ahead of estimates and the process is delivering stable results. We retain our buy rating and sum-of-the-parts $16.00 per share price target after incorporating minor changes.

Paladin's current share price is $13.14.

In a separate report looking at Paladin's half-year results, the CG team said it was broadly in line with expectations.

They added:

While operations were only marginally cash flow positive at US$3.3m, we see Langer Heinrich at a key inflection point, with a ramp up in free cash expected over the near term. The mining fleet has now been successfully commissioned, low grade stockpiles are largely run down, and the plant continues to ramp toward full capacity. The site visit provided incremental confidence, and we remain comfortable that a strong 2H will deliver a FY26 beat on both production and costs.

Decision to mine looms

Over at Deep Yellow, the CG team is also bullish on the stock.

Deep Yellow is at a different stage of development, with the company yet to make a final investment decision at its Tumas project in Namibia.

The CG team said the company was playing its cards well, while also getting on with the job.

As they said:

Deep Yellow is being strategically patient regarding a final investment decision for Tumas, but it is very busy on the ground and has demonstrated a willingness to spend on long-lead items, thus retaining 2028 first production flexibility. With the independent technical engineering report complete, lead arranger Nedbank discussing syndication and the term market heating up, confidence in a medium-term final investment decision is growing.

CG said Deep Yellow currently had 100 people on the ground at Tumas, with most involved in bulk earthworks, while noting that detailed engineering for the project was about 60% complete.

They said Namibia was also the only country in sub-Saharan Africa to have a US ambassador on the ground, which could prove to be useful going forward.

CG has a price target of $3.01 on Deep Yellow shares compared with $2.54 currently

The post These two uranium stocks are worth a look, this broker says appeared first on The Motley Fool Australia.

Three that the broker has been looking at are in this article. Let's see whether it rates them as buys, holds, or sells. Here's what you need to know:

Cochlear Ltd (ASX: COH)

Morgans was a touch disappointed with this hearing solutions company's half-year results. It notes that the Nucleus Nexa system was to blame, with contracting taking longer than anticipated.

In response to its results, the broker has retained its hold rating with a trimmed price target of $214.93. It said:

The 1H26 result was softer than expected, with revenue, margins and profit negatively impacted mainly on longer than anticipated contracting for the newly launched Nucleus Nexa system (Nexa). Soft Cochlear Implants (CI) growth mis-matched sales, reflecting unfavourable emerging market mix and delayed developed market momentum, while Services was flat and Acoustics surprised to downside on increased competitive pressures.

While Nexa adoption accelerated late in the half and management maintained FY26 guidance, but now is targeting the lower end of the range, it increases reliance on a strong 2H recovery which appears optimistic, especially in light of flat GM and FX headwinds. We adjust our FY26-28 estimates and lower our target price to A$214.93. We maintain a cautious stance, but move to HOLD on share weakness.

Deep Yellow Ltd (ASX: DYL)

Another ASX share that Morgans has been looking at is uranium developer Deep Yellow.

The broker has made some changes to its financial model to reflect first production timing, its cash balance, and its uranium price assumptions. This has resulted in the broker retaining its speculative buy rating with an improved price target of $2.56. It said:

We update our outlook and forecasts for DYL to reflect a series of changes at the corporate, project and macro level since our last update. Key revisions include adjustments to first production timing at Tumas, cash position and an uplift to our bull-case uranium price assumption. We maintain our SPECULATIVE BUY rating and increase our price target to A$2.56ps (from A$1.92ps).

Webjet Group Ltd (ASX: WJL)

A third ASX share Morgans has been looking at is online travel agent Webjet. It notes that takeover talks have ended and Webjet has downgraded its earnings guidance.

The broker appears to believe that this may not be the last downgrade and has concerns over cyclical and structural threats. As a result, it has put a hold rating and 61 cents price target on its shares. It said:

WJL announced that potential takeover discussions with both Helloworld (HLO) and BGH Capital have ceased. WJL has downgraded its FY26 EBITDA guidance by another 7-9%. Earnings uncertainty remains high given cyclical and structural threats and at a time when WJL is investing in its business for longer term success. Given WJL is no longer in play, focus returns to the fundamentals of the business which look challenged in the near term. We retain a Hold rating with a new price target of A$0.61.

The post What is Morgans saying about Cochlear, Deep Yellow, and Webjet shares? appeared first on The Motley Fool Australia.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:

Deep Yellow Ltd (ASX: DYL)

According to a note out of Morgans, its analysts have retained their speculative buy rating on this uranium company's shares with an improved price target of $2.56. The broker has been busy updating its outlook and forecasts for Deep Yellow to reflect a series of changes at the corporate, project, and macro level. It notes that key revisions include adjustments to first production timing at Tumas, its cash position, and an uplift in its bull-case uranium price assumption. This has ultimately led to a sizeable upgrade to its valuation. The Deep Yellow share price is trading at $2.38 on Monday afternoon.

Nick Scali Limited (ASX: NCK)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this furniture retailer's shares with a reduced price target of $25.00. The broker notes that Nick Scali's half-year profit was comfortably ahead of expectations. It notes that this was driven by strong gross margins and operating leverage, which was well assisted by revenue growth of 13%. One negative was that its written sales orders in the ANZ market were only up 3.1% on the prior corresponding period. This was a slower start than it was expecting. Nevertheless, it remains positive. Bell Potter highlights that it continues to favour category outperformers such as Nick Scali and sees lower risk on margins in manoeuvring revenue growth vs other retailers in its coverage. The Nick Scali share price is fetching $18.26 at the time of writing.

Northern Star Resources Ltd (ASX: NST)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this gold miner's shares with an improved price target of $35.00. This follows the release of a half-year update that was largely in line with expectations. While the broker concedes that there is uncertainty relating to how quickly the business can rectify remaining disruptions, it believes it is worth sticking with the miner. This is especially the case given its belief that Northern Star will hit a cashflow inflection point in FY 2028. At that point, it sees potential for capital returns or buybacks should KCGM reach capacity ahead of cash outlays for the Hemi operation. The Northern Star share price is trading at $28.85 this afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Here are three of them.

Deep Yellow Ltd (ASX: DYL)

Uranium development company, Deep Yellow, has had a fantastic start to 2026. It was one of the best stock performers on the ASX 200 index in January as tailwinds from its solid quarterly update and overall improving sentiment in the uranium sector drove the share price higher.

The company reported a strong cash balance of A$187.1 million for the quarter ending 31st of December. The company also revealed that engineering and infrastructure at its Tumas project is on track. 

Demand for uranium is expected to continue quietly climbing this year as governments ramp up activity on nuclear power.

Deep Yellow shares jumped 7.14% higher on Tuesday to close the day at $2.55 a piece. And for the year-to-date the shares are now an impressive 30.77% higher.

Paladin Energy Ltd (ASX: PDN)

Paladin is another uranium production company that focuses on developing and operating uranium mines globally. Its share price has also been pushed higher off the back of surging demand for uranium so far in 2026. 

The company's production and financials are very strong too. In its December 2025 quarterly report, Paladin announced a 16% quarter-on-quarter increase in uranium production and reaffirmed full-year FY26 production guidance of between 4 and 4.4 million pounds of uranium. The ASX 200 miner is also on track for full mining and processing operations by FY27.

Paladin Energy share closed Tuesday 5.48% higher at $12.13 a piece. The gain pulled the ASX 200 stock's share price up 19.74% for 2026 so far.

Greatland Resources Ltd (ASX: GGP)

Greatland Resources is an ASX 200-listed gold and copper mining stock. It focuses on discovery, development, extraction, processing, and sale of precious and base metals. 

The miner's share price has surged this year as copper shares rally. Demand comes from a jump in demand for safe haven commodities amid global geopolitical uncertainty and a rapid decline in the US dollar. Greatland has also benefited from a gold price rally this year. 

It wasn't the commodity boom which pushed the ASX 200 stock higher though, it also posted record drilling and grades at its Telfer site, a strong Q4 cash flow and progress in its mine expansion plans in January. 

At the close of the ASX on Tuesday, Greatland Resources shares were 3.47% higher at $12.82. For the year-to-date the share price has jumped 21.4%.

The post These 3 ASX 200 stocks have already soared 20% to 30% in 2026 appeared first on The Motley Fool Australia.

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At the other end of the spectrum, tech shares fell 6.61% after inflation data raised the risk of an interest rate hike next week.

The Australian Bureau of Statistics reported that the Consumer Price Index rose by 3.8% in the 12 months to December.

That was an 0.4% increase compared to the 12 months to November.

The inflation data also followed surprisingly strong jobs data in the week prior, which showed that unemployment fell in December.

On Friday, markets were pricing in a 67% chance of a rate rise next week when the Reserve Bank Board meets for the first time this year.

The RBA will announce its decision on rates at 2:30pm on Tuesday.

Mining shares had another big week, with the materials sector up 3.66% by Thursday before a strong pullback on Friday.

Commodity prices continue to run, particularly gold, which went close to US$5,600 per ounce last week.

The S&P/ASX 200 Index (ASX: XJO) rose 0.1% to close at 8,869.1 points on Friday.

Seven of the 11 market sectors finished the week in the green.

Let's review.

Why did ASX 200 energy shares lead the market last week?

ASX 200 energy shares led the market because of a spike in Brent crude and WTI oil futures, as well as an 18% lift in the uranium price.

On Friday, Brent Crude was US$68.47 per barrel, up 4.6% for the week and up 13.3% in the year to date.

WTI crude was US$64.31 per barrel on Friday, up 6% for the week and up 12.8% in the year to date.

On Friday, Trading Economics analysts said Brent and WTI oil prices were on track for their best month of price growth since July 2023.

Oil prices are being supported by a rising geopolitical risk premium.

The analysts said:

Concerns persist on renewed US–Iran tensions, after US President Donald Trump called on Iran to engage in nuclear talks, while Tehran warned of retaliation.

Market attention is focused on the potential impact of these tensions on shipping through the Strait of Hormuz, a narrow passage between Iran and the Arabian Peninsula that is critical for global energy flows, with tankers transporting crude oil and LNG passing through it daily.

Earlier this month, oil prices were also supported by geopolitical tensions in Venezuela, production outages in Kazakhstan, US production freeze-offs, and tightening US restrictions on purchases of Russian oil, factors that have pushed prices higher so far this year despite expectations of oversupply.

Higher oil prices supported ASX 200 oil shares like Woodside Energy Group Ltd (ASX: WDS), which rose 5.36% to $25.37 on Friday.

The Santos Ltd (ASX: STO) share price soared 8.51% to $7.01.

The Beach Energy Ltd (ASX: BPT) share price lifted 3.36% to $1.23.

Ampol Ltd (ASX: ALD) shares fell 4.82% to $28.84 and Viva Energy Group Ltd (ASX: VEA) lost 13.46% to close at $1.80.

The uranium price ripped 18% over the week to US$101.55 per pound on Friday as market confidence about long-term demand grew.

This lifted the ASX 200's largest uranium share Paladin Energy Ltd (ASX: PDN) 3.98% higher to $13.84 per share.

Paladin Energy shares hit a 52-week high of $14.44 on Friday.

The Deep Yellow Ltd (ASX: DYL) share price ripped 21.27% to close at $2.84 after hitting a 52-week peak of $2.97 on Friday.

Boss Energy Ltd (ASX: BOE) shares increased 4.28% to $1.95.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 energy shares lead the market as oil and uranium prices spike appeared first on The Motley Fool Australia.

While this was positive, some ASX 200 shares rose significantly more. Here's why these were the best performers on the index in January:

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price was the best performer in January with a gain of 54%. This was driven by the release of a solid quarterly update and improving sentiment in the uranium sector. For similar reasons, fellow uranium producers Paladin Energy Ltd (ASX: PDN) and Boss Energy Ltd (ASX: BOE) rallied strongly in January. They recorded gains of 44% and 33%, respectively.

Codan Ltd (ASX: CDA)

The Codan share price was on form and raced 34% higher in January. This metal detector and communications products company's shares jumped following the release of a trading update. Codan revealed that it expects to report a 29% increase in revenue to $394 million for the first half of FY 2026. And thanks to margin expansion, its profit after tax is expected to grow at the even quicker rate of 52% to at least $70 million. This strong growth was underpinned by "outstanding results achieved by the metal detection business and ongoing strong performance in the communications segment."

Iperionx Ltd (ASX: IPX)

The Iperionx share price wasn't far behind with a gain of 31% during the month. A catalyst for this was news that the titanium metal and critical materials company received a prototype purchase order valued at US$300,000 from American Rheinmetall. The order is for 700 lightweight titanium components for US Army heavy ground combat systems. IperionX's CEO, Taso Arima, said: "This purchase order demonstrates the practical application of IperionX's recycled titanium technologies on important U.S. ground combat platforms. As the only domestic producer of commercial primary titanium, IperionX is uniquely positioned to support domestic defense priorities with secure, low-carbon, and cost-competitive titanium products manufactured entirely in the United States."

South32 Ltd (ASX: S32)

The South32 share price was on form and raced 30% higher in January. This was driven by the release of the mining giant's first half update. South32 revealed a 3% increase in alumina production, a 2% lift in aluminium production, and a 58% jump in manganese production. The miner's CEO, Graham Kerr, said: "We continued to deliver consistent operating results, with FY26 production guidance maintained across our operated assets and first half operating unit costs tracking in line with guidance."

The post These were the best-performing ASX 200 shares in January appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

This represented a rising global trend of nations embracing domestically produced nuclear power as part of the green energy transition.

Anna Wu, a senior associate in cross-asset investment research for VanEck, said nuclear power was a "winner" in markets last year.

In an article, Wu said:

Demand for low carbon, efficient energy sources, primarily driven by the artificial intelligence sector, has resulted in a recent boom for uranium miners and nuclear energy infrastructure sectors.

Some of the companies within the markets helped drive global equity markets in 2025 and this could continue into 2026.

Broadly speaking, the ASX 200 energy sector was sluggish in 2025, with the S&P/ASX 200 Energy Index (ASX: XEJ) falling 2.25%.

Dividends raised the total return to 3.21%.

Both the energy and materials sectors involve harnessing naturally occurring commodities that are abundantly available in Australia.

Yet there was a stark contrast in performance last year.

Materials was the strongest sector, with the S&P/ASX 200 Materials Index (ASX: XMJ) rising 31.71% and giving a total return of 36.21%.

3 best ASX 200 uranium shares for growth

These were the top stocks last year.

1. Deep Yellow Ltd (ASX: DYL)

Shares in ASX 200 uranium explorer Deep Yellow lifted 63% to close at $1.84 per share on 31 December.

Today, Deep Yellow shares are steady at $2.28.

2. Nexgen Energy (Canada) CDI (ASX: NXG)

Shares in Canadian uranium explorer Nexgen Energy rose 30% to $14 per share on 31 December.

On Thursday, Nexgen Energy shares are $18.18, up 2.2%.

3. Paladin Energy Ltd (ASX: PDN)

The ASX 200's largest uranium share, Paladin Energy, lifted 27% to finish the year at $9.59.

Today, the Paladin Energy share price is $12.76, down 3.2%.

What's driving ASX 200 uranium shares higher?

The uranium price gained momentum in 2H CY25, supporting ASX 200 uranium shares.

The commodity hit a 15-month high of $83.50 per tonne in September. Today, the uranium price is US$85.25 per tonne.

Wu said there are three key forces powering the nuclear energy investment thematic.

They are increasing electricity demand due to new artificial intelligence infrastructure, more electric vehicles on the roads, more battery-powered machinery used across many industries, the adoption of cryptocurrency, and intense heat driving the use of air conditioning.

Wu noted increased government and regulatory support for nuclear power across the world.

Wu commented:

Following the Fukushima nuclear accident in 2011, many countries deprioritised nuclear energy in favour of other sources.

However, in recent years, many have reversed their stance or affirmed their commitment, recognising the critical importance of nuclear energy in the power mix…

The United States, Japan, China, Switzerland, India, and Norway are all seeking to establish or expand domestic nuclear production.

In the US, Wu said the ADVANCE Act and the Inflation Reduction Act are providing critical support for nuclear technologies.

The ADVANCE Act streamlines regulatory processes, fosters public-private partnerships, and accelerates innovation in small modular reactors (SMRs).

Similarly, the Inflation Reduction Act bolsters nuclear energy's competitiveness by offering production tax credits, levelling the playing field with renewable sources like wind and solar.

Meanwhile, China is investing in nuclear fusion.

By some estimates, the Chinese government is spending around US$1.5 billion annually on fusion research, nearly twice that of the US.

In India, Wu said there are plans to set up 50 small modular reactors, with the hope of integrating them into old, non-nuclear power plants.

The post Best 3 ASX 200 uranium shares of 2025 appeared first on The Motley Fool Australia.

What did Deep Yellow report?

• Group cash balance of A$187.1 million at quarter end
• Tumas Project detailed engineering >60% complete; bulk earthworks 24% complete
• Power supply agreement executed for Tumas Project
• Exploration drilling at Tinkas Prospect confirmed uranium mineralisation with thicknesses up to 11 metres from surface
• Mulga Rock Project feasibility and trade-off studies underway after successful pilot programs
• Leadership transition with appointment of Greg Field as Managing Director and CEO, effective February 2026

What else do investors need to know?

Deep Yellow made progress across its diversified development pipeline last quarter. At the Tumas Project, the company completed a key independent technical expert report, meeting a major debt financing milestone. The Power Supply Agreement was executed and water infrastructure negotiations continue, helping de-risk the project ahead of a potential final investment decision.

The company's exploration activities at the Tinkas Prospect and along the Tumas palaeochannel provided positive uranium mineralisation results, though follow-up drilling west of Tumas showed limited new discovery potential. Mulga Rock's feasibility work and field surveys also advanced as Deep Yellow continues establishing a platform for future uranium output.

What's next for Deep Yellow?

Deep Yellow aims to finalise detailed engineering and continue early works at Tumas in coming months, along with progressing power and water infrastructure agreements. Updated project schedules and financial models are being prepared to support a final investment decision when market conditions are right.

The company remains focused on its dual-pillar growth strategy, with coming milestones expected from project financing, feasibility studies at Mulga Rock, and exploration updates from its Namibian and Australian assets. Management highlights a commitment to becoming a globally diversified, long-term uranium supplier.

Deep Yellow share price snapshot

Over the past 12 months, Deep Yellow shares have climbed 58%, strongly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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