https://www.engineeringnews.co.za

Bannerman completes NMI buy

16th August 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Uranium developer Bannerman Energy has completed the acquisition of a 41.8% shareholding in TSX-V listed critical minerals explorer Namibia Critical Metals Inc (NMI).

The company in May unveiled the A$7.24-million in cash and 846 337 Bannerman shares, post a share consolidation, transaction, which would give Bannerman access to NMI’s advanced and fully permitted Lofdal heavy rare earths project in Namibia.

“Our strategic shareholding in NMI gives our shareholders exposure to heavy rare earths, in particular dysprosium and terbium. Despite being two of the most strategically important minerals on the planet, NMI’s Lofdal project is one of the very few development projects outside of China that are enriched in these metals,” said Bannerman MD and CEO Brandon Munro.

“As Lofdal moves closer to production, our partnership offers strong potential to leverage Bannerman’s extensive in-country expertise and credentials, in particular in the environment, social and governance sphere.”

Bannerman previously said that the NMI acquisition offered significant strategic alignment and development synergies with Bannerman’s flagship Etango uranium project in Namibia, which the company remained intent on developing.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.077 1.59s - 140pq - 2rq
Subscribe Now