CHAMWE KAIRA
Bannerman Energy ended the quarter to 30 June 2026 with cash and cash equivalents of A$53.1 million (N$620 million) providing the company with an estimated 8.1 quarters of funding as it continues advancing the Etango Uranium Project in Namibia.
The company’s quarterly cash flow report, released on Monday, shows cash and cash equivalents declined from A$69.9 million at the beginning of the quarter to A$53.1 million at the end of June, reflecting ongoing investment in project development.
During the quarter, Bannerman recorded net cash inflows from operating activities of A$1.69 million, compared with an outflow of A$5.01 million over the 12-month period.
Investment activities remained the company’s largest cash outflow, with A$18.58 million spent during the quarter. This included A$10.36 million on property, plant and equipment and A$8.22 million on exploration and evaluation activities, highlighting continued work on the Etango project.
Financing activities recorded a modest net outflow of A$154,000, primarily related to loan repayments, while no new equity or debt was raised during the quarter. This follows the A$85 million equity raising completed earlier in the financial year.
The company reported bank balances of A$5.75 million and call deposits of A$47.38 million at quarter-end, bringing total cash and cash equivalents to A$53.13 million.
Bannerman also disclosed payments of A$320,000 to related parties during the quarter, comprising director-related remuneration included in operating expenses.
The company reported no outstanding loan facilities or unused financing facilities at the end of June.
Based on current expenditure levels, Bannerman estimates it has funding available for approximately 8.1 quarters without requiring additional financing.
Bannerman is listed on the Australian and Namibian stock exchanges and traded on the OTCQX Market in the US. Its flagship asset is the advanced Etango Uranium Project located in the Erongo Region.
Etango has benefited from extensive exploration and feasibility activity over the past 15 years.
The company has said as the world’s third largest producer of uranium, Namibia is an ideal development jurisdiction boasting political stability, security, a strong rule of law and an assertive development agenda.
