Etango Construction Early Works Update, September 2025

Bannerman Energy Ltd has announced continued progress in the early construction phase of its Etango Uranium Project located in Namibia. The company reported that construction activities are proceeding according to both budget and timeline expectations, marking a positive development for the project's advancement toward production.

A significant milestone achieved during this phase includes the successful commissioning of construction power infrastructure within the mining licence boundary. This represents critical enabling infrastructure that will support the broader construction activities as the project moves forward. Additionally, the company indicated that detailed design work on the Etango process plant continues to advance in alignment with the overall project schedule.

The Etango project represents one of the more advanced uranium development projects globally, positioned in Namibia's established uranium mining jurisdiction. The successful execution of early construction works demonstrates Bannerman's ability to deliver on project milestones and positions the company well for the subsequent phases of development.

For the uranium sector, projects like Etango are increasingly important as global demand for nuclear fuel continues to strengthen driven by renewed interest in nuclear power as a clean energy source. The methodical advancement of construction activities at Etango reinforces the project's potential to become a meaningful uranium producer in the coming years, contributing to global supply at a time when the uranium market fundamentals remain constructive.