Bannerman Energy (ASX: BMN) – Etango Positioned for the Next Uranium Supercycle
Bannerman Energy is quietly stepping into the spotlight. Its flagship Etango Project in Namibia has always had the size over 230 million pounds of U3O8 but now, in 2025, the timing looks just right. With uranium prices hovering around US$90/lb, Etango suddenly feels like one of the more strategic projects in the pipeline.
This isn’t a fresh discovery Etango has been on the radar for years. What’s changed? Two things: market sentiment and project momentum. Bannerman wrapped up its Definitive Feasibility Study (DFS) in 2024, showing off strong economics and a mine life of over 15 years. Since then, it’s moved into engineering work and is now talking with potential offtake partners and financiers.
Being in Namibia is a plus. The country’s pro-mining stance and existing uranium infrastructure, thanks to neighbours like Paladin and Deep Yellow, make development less risky. In a sector where delays and politics can sink projects, jurisdiction matters a lot.
What stands out, though, is Bannerman’s discipline. No hype, just steady progress and smart positioning. With utilities returning to long-term contracts and supply still playing catch-up, Etango could be well-timed to ride this next uranium cycle in full force.
📈 Outlook: Bannerman isn’t producing yet, but it’s getting close. If financing falls into place this year, Etango could be construction-ready by 2026. For investors hunting serious uranium leverage, BMN is one to watch.
⚛️ Elevate Uranium (ASX: EL8) – Dual Jurisdiction Explorer with Smart Technology Edge
Elevate Uranium (ASX: EL8) is building a differentiated footprint in the uranium sector, with a growing portfolio across Namibia and Australia two of the safest and most productive uranium regions in the world. What sets Elevate apart isn’t just its exploration acreage, but its proprietary U-pgrade™ beneficiation technology, designed to streamline uranium processing and reduce operating costs.
In Namibia, Elevate holds one of the largest tenement positions among juniors, with its Koppies and Hirabeb prospects showing strong drill results and resource expansion potential. In Australia, it controls the Angela Project in the NT and other historical deposits across the Northern Territory and WA.
But it’s the upgrade advantage that adds a strategic kicker. This patented technology allows for significant mass reduction of ore, potentially slashing capital and environmental impact. That makes even lower-grade deposits commercially viable, especially in a rising price environment like 2025.
Elevate isn’t in production, but it’s steadily building resource scale and institutional interest. The company raised capital in 2024 to accelerate drilling and metallurgical studies, to bring at least one project into the development pipeline within the next 24–36 months.
🔭 Outlook: With uranium sentiment strong and utilities looking beyond Tier-1 producers, EL8 offers exposure to early-stage discovery, dual-jurisdiction optionality, and a tech-driven processing edge. For speculative investors seeking smart leverage in the uranium boom, Elevate is a name to watch.
(Source: Company Announcements)
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