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Bannerman Energy|China National Nuclear Corporation Overseas|Namibia|Australian Dollar|Etango|Uranium Mining|Brandon Munro
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bannerman-energy|china-national-nuclear-corporation-overseas|namibia|australian-dollar|etango|uranium-mining|brandon-munro

Bannerman Energy raises A$124m to fully fund Namibian project

10th September 2026

By: Lumkile Nkomfe

Creamer Media Online Writer

     

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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 Bannerman’s existing cash, and significant partner and project investor China National Nuclear Corporation Overseas’ near-term subscription and reimbursement payments and working capital contributions, is expected to fully fund Etango through the construction and ramp-up phases.

“We are delighted with the support from our existing and new shareholders. The quality of the participating investors is a powerful endorsement of the Etango project and our corporate strategy.

“With Etango construction now fully funded, with no debt, a world-class partner and with all of our working capital obligations backed by a strong balance sheet, Bannerman is exceptionally well positioned for the next phase of development,” comments Bannerman executive chairperson Brandon Munro.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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