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Quarterly activities reported for the last quarter of the year have recorded strong progress at Etango Uranium Project.
The project developers Bannerman Energy says significant developments across a range of key work streams have been achieved.
Brandon Munro, Bannerman Executive Chairman said the company is advancing towards a targeted positive final investment decision on Etango, market conditions permitting.
“Bannerman continued to progress Etango’s early works programme during the December 2025 quarter, with key construction activities and delivery of long-lead equipment advancing in line with schedule and budget.
“This progress reflects disciplined execution and effective leadership across the project team as engineering and procurement activities continue to meet key milestones,” said Munro.
Munro said uranium market fundamentals strengthened further over the quarter, while spot pricing remained volatile, long term price indicators improved and policy support is increasingly translating into reactor life extensions, restarts, and new build commitments – reinforcing utility focus on long term supply security.
“With advancing early works and a strong balance sheet, Bannerman is well positioned as market conditions continue to align toward a targeted Final Investment Decision on Etango.”
