Bannerman Energy Ltd
BNNLF
Other OTC2.56
USD
-0.09
- -
Bannerman Energy Ltd
BNNLF
(Other OTC)
Recent
price
2.56
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Bannerman Energy Ltd (ASX: BMN, OTCQX: BNNLF, NSX: BMN) is an Australian-listed uranium development company focused on advancing its flagship Etango Uranium Project in Namibia's Erongo Region, one of the world's largest undeveloped uranium assets with a mineral resource of 207 million pounds of contained U3O8 at a 100ppm cut-off; the project employs conventional open-pit mining and acid heap leach processing at an initial 8Mtpa throughput rate, targeting average annual production of 3.5 million pounds U3O8 over a 15-year initial mine life, with potential expansions to 16Mtpa (Etango-XP) or extended life at 8Mtpa (Etango-XT) as outlined in a February 2024 scoping study. The company offers a de-risked development pathway supported by a 2022 Definitive Feasibility Study confirming post-tax NPV8 of US$390 million, post-tax IRR of 21.1%, all-in sustaining costs of US$39.09 per pound U3O8, and pre-production capex of US$353 million; key infrastructure includes grid power via a 132kV line from Kuiseb substation, water from NamWater's Swakopmund base reservoir, and export through Walvis Bay's established uranium terminal. Founded in 2005 and headquartered in Subiaco, Western Australia, Bannerman operates primarily in Namibia, a top uranium jurisdiction with over 45 years of safe production history, leveraging local contractors for earthworks, civils, concrete, blasting, and bulk infrastructure. Recent developments include the granting of the Etango Mining Licence in December 2023, commencement of early works such as temporary water pipeline and access road construction, completion of Front-End Engineering Design and Control Budget Estimate in June 2024, and an A$85 million equity placement in July 2025 at A$3.20 per share to fund construction activities, infrastructure, and working capital toward a targeted positive Final Investment Decision in 2025; the company secured two offtake agreements for 1 million pounds U3O8 in September 2025 with top-tier utilities, signed letters of intent with NamWater and NamPower for permanent water and power supply, advanced detailed engineering to 13% completion for the wet plant, and progressed financing discussions including debt, offtake, and joint ventures while maintaining a gated expenditure approach with cash reserves approaching A$140 million post-placement.
Bannerman Energy Ltd (BNNLF) Q3 2026 Earnings Call Transcript
Bannerman Energy Ltd (BNNLF) Discusses Strategic Financing Partnership for Etango Uranium Project with Global Nuclear Utility Transcript
Bannerman Energy Ltd (BNNLF) Q2 2026 Earnings Call Transcript
Bannerman Energy Ltd (BNNLF) Q1 2025 Earnings Call Transcript
Bannerman Energy: Still Positive Long-Term Prospects
Namibia Critical Metals Announces CDN $450,000 Private Placement
Bannerman Energy to Attend 121 Mining Investment Conference in Cape Town