Etango project suited to meet current and future uranium deficits

ASX-listed Bannerman Resources CEO Brandon Munro says the company offers investors an “outstanding” opportunity with its Swakopmund, Namibia-based Etango uranium project as supply of the commodity has grown into an expanding deficit over the past few years.

Speaking during the Junior Indaba , in a session that showcased junior mining companies, projects and investment opportunities, on June 2, he pointed out that global uranium consumption was about 180-million pounds a year and that there was a 20-million-pound-a-year deficit in the market at present. He noted that Covid-19 disruptions had affected two of the largest uranium-producing provinces of the world – Kazakhstan and Canada.

These disruptions resulted in about a doubling of the deficit, leading to the tightening of the uranium sector at a time when the sector was coming out of a ten-year, deep bear-market cycle, he added. Adding to the deficit are Covid-19-related disruptions extending into this year, the largest […]

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