Bannerman Energy Ltd
Bannerman Energy Limited is an Australia-based uranium development company focused on the flagship Etango Uranium project in Namibia.
The business
Bannerman Energy Limited is an Australia-based uranium development company focused on the flagship Etango Uranium project in Namibia. The Etango Uranium Project is located in the Erongo Region of Namibia, 30 kilometers south-east of Swakopmund. The Etango Uranium Project possesses a uranium mineral resource endowment of 207 million pounds (Mlbs) of contained U3O8. The Etango Uranium Project is an undeveloped uranium deposit, located in the Erongo uranium mining region of Namibia which hosts the Rossing, Husab and Langer-Heinrich mines. Its subsidiaries include Bannerman Mining Resources (Namibia) (Proprietary) Limited, Bannerman Energy (UK) Limited, Bannerman Energy (Netherlands) B.V, Bannerman Investments Pty Ltd, Bannerman Investments Pty Ltd, Bannerman Energy Canada Ltd, and Cooperative Bulk Handling Terminal (Proprietary) Limited.
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Latest news
Petra Capital forecasts sustained strength in uranium market
A new report from boutique Australian institutional stockbroking firm Petra Capital is forecasting continued strength in the uranium market. The estimated uranium term price for August is up 19% year-to-date, with the final third of the year – typically a strong seasonal period for uranium – still to come. Petra believes an increase in contract […]
Bannerman Energy raises $85m to further develop Etango uranium project in Namibia
Bannerman Energy’s (ASX: BMN) development plans for its Etango uranium project in Namibia have been boosted by a successful $85 million capital raising. An early mover among the growing group of Australian miners attracted to Namibia’s uranium riches, Bannerman secured firm commitments from existing institutional and sophisticated investors for its two-tranche placement. The new funds […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]
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