What's Happening?
John Borshoff, a veteran executive in the uranium industry, will step down as Managing Director and CEO of Deep Yellow, effective October 20, 2025. Borshoff, who has been with the company since 2016, has played a pivotal role in transforming Deep Yellow from
a junior explorer to a multi-asset uranium producer. He will remain as an adviser until the end of November to ensure a smooth transition. The company has initiated a global search for his successor, with CFO Craig Barnes stepping in as acting CEO in the interim. Borshoff's departure marks the end of a career spanning five decades, during which he founded Paladin Energy Limited and contributed significantly to the global uranium industry.
Why It's Important?
Borshoff's departure is significant for the uranium industry, as he has been a key figure in advocating for nuclear energy's role in global decarbonization efforts. His leadership has helped position Deep Yellow as a major player in the uranium market, with projects in Namibia, Western Australia, and the Northern Territory. The transition to new leadership comes at a critical time as the company is nearing a final investment decision on its flagship Tumas project. The change in leadership could impact the company's strategic direction and its ability to capitalize on the growing demand for uranium as a clean energy source.
What's Next?
Deep Yellow is advancing its strategy to become a global, multi-project uranium producer. The company is progressing feasibility work at the Mulga Rock project in Western Australia and exploration at the Alligator River project in the Northern Territory. The search for Borshoff's successor is at an advanced stage, with an announcement expected soon. The interim leadership by CFO Craig Barnes and nonexecutive chair Chris Salisbury will support the transition, ensuring continuity in the company's operations and strategic initiatives.
