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Bannerman, the developers of Etango have announced its ideally positioned to withstand the current global market uncertainties.
The company said is ready to react positively to improvements in the uranium market as COVID-19 uranium supply disruption continues or expands.
“We have a strong cash balance, low cash burn and an advanced, permitted project – a combination that provides both extended operating runway without the need for additional capital and market-leading leverage to positive uranium dynamics,” said Brandon Munro, Bannerman’s Chief Executive Officer.
