Uranium

Namibia is considering taking minority stakes in mining and petroleum producers to reap more value from its mineral wealth, the African country’s mining minister told lawmakers, weighing on shares of mostly Australia-listed miners on Tuesday. Namibia is one of the biggest uranium producers in the world. It is also a …

Upstream mining and exploration company Madison Metals and an arm’s length vendor have mutually agreed to extend the closing of the Khan project agreement covering mining licence (ML) 86A and exclusive prospecting licence (EPL) 8905 in Namibia. ML 86A and EPL 8905 are said to be key strategic licences to …

A court in Namibia is hearing an appeal by the local branch of Russia’s state-owned atomic energy agency, Rosatom, which is seeking water permits needed for uranium mining. The government of Namibia, the world’s second-biggest nuclear fuel producer, said last year that a mining company owned by Rosatom had failed …

Following the completion of the bankable feasibility study, the Rössing Board of Directors approved the Life of Mine Extension (LoME) with ten years from 2026 to 2036 and the recommended operating model. This was announced by Rössing Uranium Managing Director, Johan Coetzee on 24 February 2023. According to Coetzee, this …

Deep Yellow is upbeat that critical minerals assessment of Mulga Rock has indicated potential to spur the project. “The recovery of critical minerals from the Mulga Rock Project, if feasible, has the potential to materially enhance project value. This initial drill program will provide data to better define the distribution …

Canadian green energy resource company Madison Metals has announced intentions to acquire a 23 percent interest in Mining Licence 121 (ML121) located in the renowned Erongo Uranium Province. The new acquisition will be an addition to the company’s already existing exclusive prospecting license 7011 (EPL-7011). “ML121 and EPL-7011 are neighbours …

In the medium term, sub-Saharan Africa’s mining and energy sectors have selected NAMIBIA as a crucial growth market. This is because the outlook for the industries has generally improved, as a result of higher commodity prices, quick technological improvements, and a more accommodating local regulatory framework. Given that they have …

Paladin Energy, a uranium mining company, intends to resume operations at its Langer Heinrich Mine (LHM) in Namibia. Due to the low uranium prices in 2018, the LHM was shut down. The mine had previously generated more than 43Mlb U3O8. Due to the solid fundamentals of the uranium market and …

Namibia’s finance minister said uranium miners are waiting for prices to recover before restarting projects in the continent’s largest producer of the ore, which is needed for nuclear power in a world moving away from fossil fuels. According to Finance Minister Ipumbu Shiimi, the semi-arid southwest African nation is investing …

Paladin Energy, a uranium firm based in Australia, revealed intentions on Thursday to fund A$215 million to reopen the Langer Heinrich uranium mine in Namibia. The equity offering will consist of a single tranche fully underwritten share placement worth A$200 million and a non-underwritten share purchase plan (SPP) worth up …