Gavin Chamberlain — project chief at Bannerman Energy's Etango uranium project in Erongo, advising on Namibian uranium value-addition strategy.
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The Namibian
Gavin Chamberlain warns conversion plant would require extremely high uranium volumes to operate profitably
“However, he warns that such a plant would require extremely high volumes of uranium to operate profitably.”
Namibia should target uranium conversion plantThe Namibian
Gavin Chamberlain said the company's overall construction schedule remains on track
“"Our overall construction schedule remains on track, with this final project permit now complete and the front end engineering and design work meeting our most optimistic expectations."”
Bannerman Energy awards tenders worth N$36 millionBannerman 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 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 →
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 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 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 →
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 →