Also known as: Bannerman Energy (United Kingdom) · Bannerman Energy Ltd
Australian uranium developer advancing the Etango uranium project in Namibia's Erongo region toward production, with strategic partnership with China National Nuclear Corporation.
News reports
Order a long-term news report on Bannerman Energy
Every mention in the Namibian press over the period you choose, compiled as a PDF or Word document.
Key points drawn from coverage. Tap a point to see the original sentence.
Windhoek Observer
Bannerman Energy raised A$440,000 (approximately N$5 million) through share purchase plan
“Bannerman Energy has raised A$440 000 (approximately N$5 million) through its share purchase plan, with 39 shareholders participating in the offer.”
Bannerman raises N$5m through share purchase planWindhoek Observer
Bannerman Energy is developing the Etango uranium project in Namibia
“Bannerman is developing the Etango uranium project in Namibia.”
Bannerman raises N$5m through share purchase planWindhoek Observer
Bannerman Energy has spent more than N$428.2 million on local procurement, construction contracts, and service providers
“Bannerman Energy has spent more than N$428.2 million on local procurement, construction contracts and service providers as development of its Etango uranium project in the Erongo region advances towards a planned construction milestone later this year.”
Bannerman spends N$428m on procurement, contracts, service providersWindhoek Observer
Bannerman Energy has renewed its partnership with Mondesa Youth Opportunities for a further three years
“Bannerman has also renewed its partnership with Mondesa Youth Opportunities (MYO) for a further three years.”
Bannerman spends N$428m on procurement, contracts, service providersWindhoek Observer
Bannerman Energy says pre-production funding in excess of US$353 million will likely be required for Etango
“Bannerman Energy says pre-production funding in excess of US$353 million (N$5.8 billion) will likely be required to achieve the full range of operational outcomes modelled in the Definitive Feasibility Study (DFS) for its Etango Uranium Project in Namibia.”
Etango project may require more than US$353m before productionWindhoek Observer
Bannerman Energy has a long-term offtake arrangement and strategic partnership with China National Nuclear Corporation
“Bannerman said the greenfield project has a long-term offtake arrangement and strategic partnership with China National Nuclear Corporation (CNNC), while management maintains that it has a reasonable basis to fund development as key milestones are achieved.”
Etango project may require more than US$353m before productionWindhoek Observer
Bannerman Energy completed an underwritten A$124 million placement to institutional investors
“In mid-September 2026, Bannerman successfully completed an underwritten Australian dollars A$124 million placement to institutional and sophisticated investors at an issue price of A$4 per share.”
Bannerman Energy seeks shareholder approval for executive remuneration, US$124m placement ratificationInformanté
Bannerman Energy could expand the uranium subsector via Etango project
“Langer Heinrich is expected to continue ramping up uranium production, while Bannerman Energy's Etango and Reptile Uranium Namibia's Tumas projects could expand the uranium subsector.”
Strong mineral prices cushion Namibia’s mining sectorWindhoek Observer
Bannerman Energy issued 31 million new shares raising A$124 million (N$1.43 billion)
“Australian-listed uranium developer Bannerman Energy has issued 31 million new shares to institutional and sophisticated investors, raising A$124 million (N$1.43 billion) as it advances the development of its Etango uranium project in Namibia.”
Bannerman issued 31m shares to raise N$1.43 billionWindhoek Observer
Bannerman Energy is developing Etango uranium project in Namibia's Erongo Region
“Bannerman is developing Etango in Namibia's Erongo Region, about 30 kilometres south-east of Swakopmund.”
Bannerman issued 31m shares to raise N$1.43 billionBannerman Energy raised A$440,000 (approximately N$5 million) through its share purchase plan, with 39 shareholders participating. The company said it is now fully funded for its share of Etango uranium project working capital through construction and ramp-up, with early works continuing on schedule toward a targeted final investment decision in the fourth quarter of 2026.
15 October 2026 · Windhoek Observer →
Bannerman Energy raised A$440,000 (approximately N$5 million) through its share purchase plan, with 39 shareholders participating. The company said it is now fully funded for its share of Etango uranium project working capital through construction and ramp-up, with early works continuing on schedule toward a targeted final investment decision in the fourth quarter of 2026.
15 October 2026 · Windhoek Observer →
Bannerman Energy has spent more than N$428.2 million on local procurement, construction contracts and service providers as its Etango uranium project in the Erongo region advances, with bulk earthworks approximately 99% complete and concrete construction packages about 86% complete.
14 October 2026 · Windhoek Observer →
Bannerman Energy says pre-production funding in excess of US$353 million will likely be required for its Etango Uranium Project in Namibia, with potential sourcing through share dilution, partial project sale, or joint venture. The greenfield project has an offtake arrangement and strategic partnership with China National Nuclear Corporation.
9 October 2026 · Windhoek Observer →
Uranium developer Bannerman Energy is holding an AGM on 5 November 2026 to seek shareholder approval for ratification of a A$124 million capital placement completed in September 2026, and to vote on updated executive incentive frameworks as the company transitions from explorer to active producer.
8 October 2026 · Windhoek Observer →
International commodity prices for gold, uranium, copper, tin and zinc are helping cushion Namibia's mining sector against weaker production and rising operating costs. Gold, diamonds and uranium generated approximately N$3.9 billion in export earnings in July, accounting for about 62% of Namibia's domestic exports, though diamonds faced pressure from weak demand and lab-grown competition.
7 October 2026 · Informanté →
The Namibian Securities Exchange's total market value increased by N$99 billion in August, rising 3.24% to N$3.15 trillion, driven mainly by strong gains in mining and bank shares including Anglo American, B2Gold, and Paladin Energy.
29 September 2026 · The Namibian →
Australian uranium developer Bannerman Energy issued 31 million new shares at A$4.00 each to raise A$124 million (N$1.43 billion) for development of its Etango uranium project in Namibia's Erongo Region. The fully permitted project, with a mineral resource of 207 million pounds of uranium and a planned mine life of more than 15 years, has completed a Definitive Feasibility Study and tested its heap leaching process through a demonstration plant.
17 September 2026 · Windhoek Observer →
Bannerman Energy has launched a fully underwritten A$124 million equity placement to fully fund the development, construction and ramp-up of its Etango Uranium Project in Namibia. The capital raising follows confirmation that conditions for China National Nuclear Corporation subsidiary CNNC Overseas Limited's strategic investment have been satisfied or waived.
10 September 2026 · Windhoek Observer →
Bannerman Energy is targeting a workforce comprising more than 80% Namibian employees as it prepares to advance the Etango Uranium Project towards future operations, with focus on local skills development, environmental management and community investment as part of new sustainability priorities for 2027.
18 August 2026 · Windhoek Observer →
President Netumbo Nandi-Ndaitwah has called for Namibia to move beyond raw material extraction and invest in domestic value addition and industrial expansion. At the Mining Expo and Conference, she emphasized that the nation's mineral wealth must drive local employment and prosperity, noting that macro-fiscal growth alone cannot remedy structural inequality.
9 August 2026 · The Namibian →
President Netumbo Nandi-Ndaitwah announced that the mining sector contributed a combined N$24 billion to local procurement during the year under review, and set an end-of-August deadline for government ministries to implement reforms aimed at improving Namibia's business environment.
6 August 2026 · New Era →
President Netumbo Nandi-Ndaitwah opened the 13th Chamber of Mines Mining Expo and Conference, themed "From Dialogue to Delivery: Assessing Progress in Creating Mining-Led Economic Growth and Employment Since NamPPF." The President stated that the mining sector remains one of Namibia's leading economic sectors towards Vision 2030.
5 August 2026 · The Namibian →
Bannerman Energy reports its Etango Uranium Project in Erongo remains on schedule and within budget for early works, while the company expects to complete its US$321.5 million strategic financing and joint venture transaction with CNNC Overseas Limited during the third quarter of 2026, with a final investment decision on the project targeted shortly after.
28 July 2026 · Windhoek Observer →
Bannerman Energy has signed a definitive permanent water supply agreement with NamWater for its Etango uranium project, which is expected to produce an average of 3.5 million pounds of uranium oxide annually over a 15-year mine life. The agreement marks a key milestone as the company advances towards a final investment decision.
13 July 2026 · Windhoek Observer →
The One Economy Foundation has cut 12 permanent employees following a 25% reduction to its operating budget after one of its largest donors reduced funding. The foundation says the cuts were necessary to protect core services, and affected staff have been offered a three-month exit period with support services.
5 July 2026 · The Namibian →
The One Economy Foundation has reduced its operating budget by 25% following a funding cut from one of its top five donors, scaling down permanent staff from 37 to 25 and cancelling some advocacy events. The foundation's Executive Director attributed the reduction to global donor funding trends affecting non-profits and said the donor ensured core programmes remained unaffected.
5 July 2026 · Informanté →
Namibia exported over six million pounds of uranium oxide concentrate in the first quarter of 2026, the best start to a year in the country's recorded history, driven by rising global uranium prices now above US$80/lb. With three operating mines in the Erongo region and new projects in development, uranium is filling the gap left by the collapsing diamond sector.
4 July 2026 · The Namibian →
Bannerman Energy reports its Etango uranium project in Erongo has operated for 1.1 million hours without serious injuries, with bulk earthworks at 92% completion and a final investment decision expected later in 2026. The company maintains an unbroken 17-year lost-time-injury-free record.
2 July 2026 · The Namibian →
Bannerman Energy says its Etango Uranium Project is progressing on schedule and within budget, with the 24-month bulk earthworks contract approximately 92% complete and more than 560 contractor personnel on site. The company has recorded more than 1.1 million lost-time injury-free hours, with 10,800 cubic metres of concrete poured representing around 60% completion of Phase 1 and Phase 2A construction packages.
30 June 2026 · Windhoek Observer →
Bannerman Energy Ltd has appointed Cirrus Securities (Pty) Ltd as its new equity sponsor for the Namibia Securities Exchange, effective 5 June 2026, replacing IJG Securities in a planned rotation required by NSX listing requirements.
8 June 2026 · Windhoek Observer →
The Namibian Competition Commission has approved CNNC Overseas Ltd's acquisition of a minority interest in Bannerman Energy, which is developing the Etango uranium project in Erongo. The approval came subject to conditions requiring employment creation, skills development and transfer, and increased participation of Namibian firms in the uranium value chain.
4 June 2026 · The Namibian →
Bannerman Energy and CNNC Overseas Limited have signed an agreement securing funding and long-term uranium offtake for the Etango uranium project. CNOL will receive a life-of-mine entitlement to 60% of yellowcake production and make an initial investment of US$294.5 million, while Bannerman retains 55% stake in a new joint venture company.
8 May 2026 · Windhoek Observer →
The Chamber of Mines of Namibia reports that major mining projects including the Tumas Uranium Project, Twin Hills Gold Project, and Etango Uranium Project continued to progress in 2025, supporting the sector's role as a main economic driver, though rising policy uncertainty is starting to affect investor confidence.
7 May 2026 · Windhoek Observer →
Australian uranium developer Bannerman Energy has praised the progress and commitment of local Namibian contractors at its Etango project in the Erongo region, with over N$690 million in contracts placed locally. The company has also restructured certain contracts into smaller packages to enable Namibian contractors to participate and help meet project timelines.
24 March 2026 · The Namibian →
Bannerman Energy's project chief Gavin Chamberlain has advised Namibia to target investment in a uranium conversion facility as the most realistic next step in value addition, though he warns that such a facility would require extremely high uranium volumes to be economically viable and would face contractual hurdles from international utilities that currently dictate delivery destinations under existing contracts.
26 February 2026 · The Namibian →
Bannerman Energy has signed a strategic financing agreement with China National Nuclear Corporation (CNNC) subsidiary CNNC Overseas Limited, which will invest up to N$5 billion in the Etango uranium project and receive a 43% stake and rights to 60% of production. The investment is targeted for completion by mid-2026.
13 February 2026 · The Namibian →
Namibia is one of the world's top three uranium producers and stands to benefit from rising global demand for nuclear power as countries pursue clean-energy goals. The country's three active uranium projects—Rössing, Husab, and the recently restarted Langer Heinrich—plus exploration activities could significantly increase output and government revenues over the next decade, though the water-intensive industry faces challenges from drought and market volatility.
27 January 2026 · The Namibian →