Bannerman Advances Etango Uranium Project Early Works Amid Strengthening Market

An announcement from Bannerman Energy ( (AU:BMN) ) is now available.

Bannerman Energy reported continued strong progress on early works at its Etango Uranium Project for the December 2025 quarter, highlighting an outstanding safety record of 16 years without a Lost Time Injury and a ramp-up of the on-site contractor workforce to more than 370 personnel. Key construction milestones included bulk earthworks reaching about 51% completion with major emphasis on heap leach pad construction, commencement of concrete works for the primary crusher and stockpile tunnel, and delivery of the High-Pressure Grinding Rolls tertiary crusher to site, while detailed engineering for the dry and wet plants advanced and installation of the permanent water supply pipeline moved forward. Supported by a solid cash balance of A$89.3 million and additional liquid assets of A$12.7 million, the company is maintaining a disciplined, stage-gated approach to awarding early works contracts, positioning itself to move toward a Final Investment Decision on Etango as uranium market fundamentals and long-term price indicators continue to strengthen.

The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.

More about Bannerman Energy

Bannerman Energy Ltd is an Australian-listed uranium development company focused on advancing its flagship Etango Uranium Project in Namibia. The company is positioning Etango as a large-scale, long-life uranium operation, targeting demand from global nuclear utilities amid a strengthening long-term uranium price environment.

Average Trading Volume: 1,080,256

Technical Sentiment Signal: Buy

Current Market Cap: A$868.1M

For detailed information about BMN stock, go to TipRanks’ Stock Analysis page.