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Bannerman Energy – Offtake Validation & Disciplined Build Position Namibia Project for 2029 Production - Crux Investor Bannerman Energy – Offtake Validation & Disciplined Build Position Namibia Project for 2029 Production  Crux Investor

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Bannerman energy set to inject N$213 million into Namibian economy with new Etango mine contracts In a significant boost to local enterprise, Bannerman Energy Ltd has announced plans to award contracts worth over N$213 million exclusively to Namibian companies within the next two months for its flagship Etango uranium project. This substantial commitment, revealed in a project update presentation at last week’s Mining Expo and

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ASX Penny Stocks Spotlight Bannerman Energy And 2 More - Yahoo Finance ASX Penny Stocks Spotlight Bannerman Energy And 2 More  Yahoo Finance

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Bannerman waiting to seal NamWater, NamPower deals Chamwe Kaira Bannerman Energy Ltd is awaiting the finalisation of key agreements with NamWater and NamPower for its Etango uranium project.  The company said the last step in the commercial water supply process is the execution of a binding agreement with NamWater. Bannerman expects to sign the draft agreement with NamWater after making a positive final investment decision on Etango. In October 2024, Bannerman signed a letter of intent with NamWater, securing a 15-year water supply. NamWater also signed a back-to-back letter of intent with the Erongo Desalination Plant operator to ensure the source supply. On electricity, Bannerman has accepted a commercial proposal from NamPower for permanent operational power at Etango.  The full supply agreement has been executed by Bannerman and awaits final signature from NamPower. For acid supplies, the leasing agreement for the planned storage and import/export facility at Walvis Bay Port has been reviewed and returned to Namport for finalisation. Bannerman said its A$85 million equity raise has strengthened the company’s financing strategy for Etango.  It holds approximately A$140 million in cash and liquid assets and continues to engage with utilities, financial institutions, traders, and other stakeholders. “Early construction works continue to advance on schedule and on budget. Our focus on tight contract and activity controls is a core driver of the team’s performance,” said Bannerman CEO Gavin Chamberlain.  “It is particularly pleasing to observe the substantial, high-quality progress on the ground, as early development phases are progressively designed, tendered, and executed. Our recent equity raising significantly enhances the capacity to execute our streamlined strategy to finance and construct Etango. Alongside growing nuclear utility activity and positive uranium price momentum, we continue to advance in a systematic and optimised manner towards a targeted positive Final Investment Decision on the highly advanced Etango Project.” The bulk earthworks contract was awarded in August 2024. Work is progressing on schedule, with the site access road 89% complete, ahead of the planned 79%, despite minor rain damage.  Completion is forecast for the end of July 2025. The construction power facilities contract was awarded in October 2024. It includes the build of permanent 33 kV overhead powerlines and a temporary connection to the local Erongo Region power distributor. These works have now been completed and commissioned.

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Bannerman appoints Danny Goeman as product offtake committee chairperson Australia- and Namibia-listed uranium development company Bannerman Energy, which owns the Etango uranium project in the Erongo region of Namibia, has appointed Danny Goeman independent chairperson of its product offtake committee. The company says he is an experienced, proven commodity marketing executive with a 30-year professional record working at various

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Bannerman appoints chair of product offtake committee Chamwe Kaira  Bannerman Energy Ltd has appointed Danny Goeman as Independent Chair of its Product Offtake Committee. The company said Goeman is a seasoned commodity marketing executive with over 30 years of experience. He has worked across a range of mining companies, commodities, and regions. His previous roles include Director of Sales, Marketing and Shipping at Fortescue Limited. He also held several senior positions at Rio Tinto, such as General Manager for RTIO Marketing Asia, General Manager for Industry Analysis and Product Strategy, and Global Process Lead for Marketing Services. Goeman brings business experience in Asia and Europe, covering iron ore, diamonds, phosphate, and rare earths. The Product Offtake Committee was formed in mid-2024. Previously known as the Pricing Committee, it includes selected board members and key executives.  It now has an independent chair. The committee oversees the company’s product offtake, marketing, and contracting strategies. Bannerman Executive Chairman Brandon Munro said, “I am delighted to welcome Danny to the Bannerman team. His breadth of strategic marketing experience adds further calibre to our existing team’s deep uranium expertise and builds our ability to respond optimally to dynamic change in our sector. We look forward to Danny working closely with Bannerman’s Vice President, Market Strategy, Olga Skorlyakova, and the other members of the Product Offtake Committee in carefully advancing and executing the company’s offtake and marketing strategy for the Etango Uranium Project.” Munro added, “Our product marketing and offtake strategy remain unchanged – to secure multiple uranium sales agreements that align with long-term market fundamentals and real producer opportunity, while balancing price exposure and revenue stability. This approach is underpinned by sustained inbound interest from nuclear power utilities and other market participants across key jurisdictions, reflecting Etango’s strategic significance as a source of future supply diversification.” Bannerman Energy is listed in Australia. Its flagship Etango Project is located in Namibia’s Erongo Region, a well-established uranium mining area. The project is fully permitted, with a mining licence and all required environmental approvals. It has been de-risked through drilling, technical work, and a process demonstration plant.  Bannerman estimates Etango’s production capacity at 16 million tonnes per year. It plans to maintain mine and plant throughput at 8 million tonnes annually over the life of the mine.

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