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Etango

Etango is a uranium mine project located near Swakopmund in the Erongo region of Namibia, within the country's prolific uranium-bearing belt. It is being developed by Bannerman Energy, an Australian-listed exploration and development company, as a large-scale, low-grade opencast uranium operation. The project is designed to process ore through heap leaching to extract uranium oxide for the nuclear fuel market. Etango has attracted interest from Chinese investors, including China National Nuclear Corporation Overseas, reflecting China's push to secure long-term uranium supply for its nuclear power programme. The project sits alongside other established Namibian uranium operations in a region regarded as one of the world's leading uranium-producing districts, benefiting from existing infrastructure and a supportive regulatory environment. Development of Etango has progressed through feasibility studies aimed at establishing its economic viability at prevailing uranium prices. Bannerman Energy has worked to advance funding, permitting and offtake arrangements to move the project toward a final investment decision. The project's economics are sensitive to global uranium prices and the Australian dollar exchange rate, given Bannerman's listing on the Australian Securities Exchange. Executives such as Brandon Munro have been prominent in promoting the project's prospects to investors and industry. Once developed, Etango would add to Namibia's position as a major global uranium supplier alongside operations such as Rössing and Husab.

Etango News


The Etango project site
Bannerman Energy raises A$124m to fully fund Namibian project
10th September 2026 By: Lumkile Nkomfe

Uranium miner Bannerman Energy has completed its equity offering to raise A$124-million at an issue price of A$4 a share to complete its Etango uranium project, in Namibia. The placement, alongside... 


Early works construction at Namibia uranium project progressing well
Early works construction at Namibia uranium project progressing well
27th March 2026 By: Sabrina Jardim

ASX-listed Bannerman Energy has reported that early works construction at its Etango uranium project, in Namibia, continues to advance on budget and schedule. In a statement to shareholders, the... 


Bannerman’s Chamberlain appointed CEO and MD
Bannerman’s Chamberlain appointed CEO and MD
4th March 2026 By: Sabrina Jardim

ASX-listed Bannerman Energy has appointed its existing CEO Gavin Chamberlain as MD and Danny Goeman as an independent nonexecutive director. Chamberlain joined Bannerman as COO in February 2023 and... 


Australian uranium miners in Namibia bullish on outlook as prices surge
Australian uranium miners in Namibia bullish on outlook as prices surge
12th February 2026 By: Reuters

Australian miner Paladin Energy is on track to complete the ramp up of its Langer Heinrich uranium mine in Namibia to reach maximum output from July as higher prices help to accelerate mining... 


Bannerman seals $321m Etango funding deal with CNNC subsidiary
Bannerman seals $321m Etango funding deal with CNNC subsidiary
12th February 2026 By: Mariaan Webb

ASX-listed Bannerman Energy has secured a strategic financing and joint venture (JV) agreement with CNNC Overseas Limited (CNOL), paving the way for debt-free construction of its Etango uranium... 


Etango uranium project
Bannerman reports solid progress for Etango early works
30th September 2025 By: Sabrina Jardim

ASX-listed Bannerman Energy has reported that early works construction activities at its Etango uranium project, in Namibia, are tracking in line with budget and on schedule. The company reports... 


Bannerman signs first uranium supply deals
Bannerman signs first uranium supply deals
5th September 2025 By: Creamer Media Reporter

ASX-listed Bannerman Energy announced on Friday that it had signed its first uranium supply agreements, securing contracts with two major North American power utilities to deliver one-million... 


The Etango project
Bannerman to raise A$85m to advance Etango to an investment decision
26th June 2025 By: Creamer Media Reporter

Australian- and Namibian-listed uranium development company Bannerman Energy has received firm commitments for a single tranche placement of about 26.6-million new fully paid ordinary shares to new... 


BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

The Namibia-based Etango uranium project of Australian uranium development company Bannerman Energy is advancing towards production, with first uranium output expected in 2028. The project is set... 


An image of the Etango uranium project in Namibia
Bannerman Energy appoints Bruce McFadzean as nonexec director
18th November 2024 By: Tasneem Bulbulia

ASX-listed Bannerman Energy has appointed Bruce McFadzean as a nonexecutive director, effective November 18. McFadzean is a mining engineer with over 40 years of mining and process experience... 


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pqt: 0.046s - ct: 0.111s - 197pq - 2rq
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