Uranium

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 …

Economic analysts believe that the industrial sector is set to benefit from planned expansions of existing diamond, gold, and tin mining operations; the possible resuscitation of mothballed zinc, copper, and uranium mines; and the development of new ‘battery mineral’ mines. Namibia’s prospects look more positive as growth is expected to …

According to sectoral report released last week by the Namibia Statistics Agency (NSA), the Uranium Production Index a increased on a monthly basis by 7.6% in November 2021, compared to a deterioration of 13.5% recorded in the preceding month. On yearly basis, the index posted a growth of 32.2%. “The …

Namibia Statistics Agency’s most recent trade statistics has revealed that mining production across various commodities boosted exports significantly in June 2021, with exports increasing by 14.1 per cent to N$8.6 billion, up from N$5.4 billion the previous month. According to the Statistics Agency, key commodities accounted for just over 70% …

Marenica’s uranium exploration efforts in Namibia are still paying off, with the company discovering a massive palaeochannel system that stretches for at least 19 kilometres. The Namib IV system is located northeast and southwest of the Hirabeb and Koppies systems, but it is separate from them. Marenica Energy’s (ASX: MEY) …

Namibia, a major producer of diamonds and uranium, announced on Wednesday that locals who hold mineral exploration licenses would no longer be able to sell them to foreigners, in an effort to reduce speculation in the field. Mines and Energy Minister Tom Alweendo revealed that effective April 1, Namibian mining …

Reptile Uranium’s pre-feasibility study (PFS) at Tumas Project continues to progress on schedule, with a number of key work-streams being advanced, the parent company Deep Yellow has reported. Deep Yellow said a sufficient level of metallurgical work has been completed, which has allowed to adequately define the project metallurgy. The …

Bannerman Resources has completed scoping study for an 8Mtpa development of its flagship Etango Uranium Project in Namibia. Brandon Munro, Bannerman’s Chief Executive Officer said the Etango-8 scoping study represents successful culmination work. “Last year we commenced a review of various project scaling opportunities that might exist for the Etango …

TSXV-listed uranium junior GoviEx Uranium is looking to take advantage of changing market fundamentals and use its first-mover advantage in Africa. The company remained steadfast in the development of its mine-permitted Madaoela uranium project in Niger despite uranium’s fall from favour. Company CEO Daniel Major’s unwavering commitment to the asset, …