Bannerman Pulls Trigger on $353M Uranium Mine

Namibia: Etango Mine Targets 2028 First Uranium Production

The Etango open-pit uranium mine is targeting commissioning and first yellowcake production towards the end of 2028.

Namibia's Etango Uranium Project Targets 2028 Launch to Boost Local Jobs & Global Output: Minister

The project is expected to raise the country's production capacity and create local economic opportunities, Minister of Industries, Mines and Energy Modestus Amutse said at the project's launch on Friday.Key Details:Employment: The project currently...

Bannerman pulls trigger on $353M uranium mine

Bannerman Energy (ASX, NSX: BMN; US-OTC: BNNLF) and its Chinese partner CNNC Overseas have approved construction of the Etango uranium project in Namibia, with funding secured without project debt and...

US$353 million Etango uranium mine development approved

Bannerman Energy, in collaboration with its Chinese partner CNNC Overseas Limited (CNOL), has approved the US$353 million development of the Etango uranium mine in Namibia’s Erongo Region. This decision clears the way for full-scale construction, with the first uranium concentrate expected in 2028. The final investment decision, announced on 23 October 2026, represents a significant …

Bannerman Energy Advances Etango Uranium Project

Bannerman Energy (ASX:BMN) will begin full-scale construction at its Etango uranium project in Namibia, with first yellowcake targeted for 2028.The go-ahead came after the Etango joint venture made a final investment decision on the Etango-8 design. Bannerman owns 55 percent of the joint venture, and CNNC Overseas Limited (CNOL), a subsidiary of China National Nuclear Corporation (CNNC), owns the other 45 percent. The joint venture holds 95 perc…

Etango uranium project receives final investment approval

Bannerman and CNNC have approved full-scale construction of Namibia’s Etango. The Etango-8 project has forecast pre-production spending of approximately US$353 million and targets initial uranium oxide production during 2028.