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[QUOTE="Queen, post: 86572, member: 27"]
A multibillion-dollar uranium deal just handed China National Nuclear Corporation a massive slice of Etango, locking in funding and long-term output from one of Namibia’s key projects.

Etango financing tie-up
[LIST]
[*]Bannerman Energy struck a funding pact with China National Nuclear Corporation for Etango.
[*]Brandon Munro said the partnership could streamline construction and ramp up.
[*]CNNC Overseas Limited entered through a subscription and joint venture structure.
[*]The companies aim to wrap the transaction by mid 2026.
[/LIST]
Investment and ownership split
[LIST]
[*]CNNC Overseas Limited will pour up to N$5 billion into building Etango.
[*]That cash converts into a 43 percent equity stake.
[*]CNOL secures rights to 60 percent of uranium output.
[*]Bannerman markets the remaining 40 percent of yellowcake.
[/LIST]
China's footprint in Namibia's uranium
[LIST]
[*]China National Nuclear Corporation already controls the Rössing Uranium Mine via CNUC.
[*]CNUC holds majority ownership at Rössing in Namibia.
[*]Langer Heinrich counts CNNC as a 25 percent shareholder.
[*]China General Nuclear Group runs Husab Mine, the country’s largest uranium site.
[/LIST]
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