Also known as: Etango-8 project
News reports
Order a long-term news report on Etango uranium project
Every mention in the Namibian press over the period you choose, compiled as a PDF or Word document.
Verbatim sentences from the source article.
Windhoek Observer
… cutive officer Gavin Chamberlain thanked shareholders who participated in the share purchase plan. “With the Placement and SPP now complete, and our strategic investment and joint venture with CNOL completed in September, Bannerman is fully funded for its share of forecast Etango …
Bannerman raises N$5m through share purchase planWindhoek Observer
CHAMWE KAIRA 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
CHAMWE KAIRA 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
CHAMWE KAIRA 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
CHAMWE KAIRA Bannerman Energy has launched a fully underwritten A$124million (N$1.43 billion) equity placement to help fully fund the development, construction and ramp-up of its Etango Uranium Project in Namibia. …
Bannerman raises N$1.43 billion to fully fund Etango developmentWindhoek Observer
CHAMWE KAIRA Bannerman Energy is targeting a workforce comprising more than 80% Namibian employees as it prepares to advance the Etango Uranium Project in the Erongo region towards future operations. …
Bannerman targets more than 80% Namibian workforceNew Era
… She welcomed the progress already made, saying projects such as Bannerman Energy’s Etango Uranium Project and Deep Yellow’s Tumas Uranium Project have already generated more than 1 000 jobs, with thousands more expected as construction advances. …
Mines pump N$24b into economyThe Namibian
… These projects have translated into over 1 000 jobs at Bannerman Energy’s Etango Uranium Project and Deep Yellow’s Tumas Uranium Project, and more jobs are expected to be created. …
President Netumbo Nandi-Ndaitwah Calls for Mining-Led Growth and Job CreationWindhoek Observer
CHAMWE KAIRA Bannerman Energy says construction of early works at its Etango Uranium Project in the Erongo Region remains on schedule and within budget, while the company expects to complete its strategic financing and joint venture transaction with CNNC Overseas Limited (CNOL) d …
Bannerman’s US$321.5 million financing nears completionWindhoek Observer
… While most of the mergers were approved without conditions, the Etango Uranium Project transaction attracted extensive public interest requirements because of its potential impact on employment and Namibia’s mining sector. …
NaCC imposes conditions on Etango uranium mergerBannerman 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 →
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 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 →
The Namibian Competition Commission has approved the merger between CNNC Overseas Ltd and Bannerman UK for the Etango Uranium Project, but imposed stringent conditions aimed at safeguarding employment, promoting localisation, strengthening skills development, and ensuring greater Namibian participation in the uranium industry.
20 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 →
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 →
Erongo Governor Nathalia /Goagoses delivered her State of the Region Address, reporting that the region's unemployment rate dropped from 32% to 30% over the past year while acknowledging challenges including a 33.7% education pass rate and rising road fatalities.
18 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 →
Namibia's mining sector sustained more than 166,000 direct and indirect jobs in 2025, with member companies employing 8,201 people in permanent positions and 97% of those roles filled by Namibians. The sector contributed N$7.96 billion in total wages and N$1.5 billion in PAYE tax, while spending N$23.97 billion on locally sourced goods and services.
1 June 2026 · Windhoek Observer →
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 →
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 →