Bannerman Energy Announces Agreement To Acquire Strategic Stake in Namibia Critical Metals Inc.

Bannerman Energy Announces Agreement To Acquire Strategic Stake in Namibia Critical Metals Inc.

HALIFAX – Namibia Critical Metals Inc. (‘Namibia Critical Metals’ or the ‘Company’ or ‘NMI’) (TSXV: NMI) (OTC PINK: NMREF) announced that Bannerman Energy Limited, an Australian listed uranium development company, has issued a news release on May 18, 2022 announcing it has entered into an agreement to acquire 82,290,680 common shares (41.8%) of NMI pursuant to a private share purchase agreement with two shareholders of the Company, including Philco 192 (Pty) Ltd. which holds 75,201,603 shares (38.2%) of NMI.

Bannerman has announced that the NMI Share Acquisition is expected to complete within 30 days.

The NMI Share Acquisition by Bannerman offers significant strategic alignment and development synergies with Bannerman’s flagship Etango Uranium Project in Namibia.

The Company also announced today that Steve Kapp will not be standing for re-election at the Company’s Annual and Special Meeting to be held on May 19, 2022. The Company intends to identify a replacement for Mr. […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet