Etango Project

29 Aug

Uranium market resurgence unfolding

ObserverEnergy, Observer MoneyBannerman Energy Ltd, Etango Project

CHAMWE KAIRA Bannerman Energy Ltd, which is developing the Etango project in the Erongo has said persistent cumulative supply gap now stands at approximately 150 million pounds of uranium oxide. Namibia stands to gain from increase in demand for uranium is it is one of the world’s largest producers of uranium. Bannerman said in a presentation to investors that Emerging Small Modular Reactor (SMR) technology is driving further new demand additions. The company added that the industry has lost a decade of uranium exploration and project development post Fukushima. The other factors that are driving demand for uranium include the…

Bannerman Energy raise N$110m for project

ObserverObserver MoneyDefinitive Feasibility Study (DFS), Etango Project

CHAMWE KAIRA Bannerman Energy Ltd has raised N$110 million by issuing new shares to investors. The money that was raised will be used for the developing of the Etango Project in the Erongo Region. The company confirmed that following the receipt of shareholder approval at the general meeting held on 12 August, tranche two of the placement announced 28 June had been successfully completed. Accordingly, the company has today issued 2,830,765 new fully paid ordinary shares to new and existing institutional and sophisticated investors at an issue price of A$3.30 per. The new share will raise gross proceeds of approximately…