Bannerman secures permanent water supply for Etango project

CHAMWE KAIRA

Bannerman Energy has signed a definitive permanent water supply agreement with NamWater for its Etango uranium project, marking a key milestone as the company advances towards a final investment decision (FID).

The agreement, signed in early June 2026, secures the water required to support operations for the initial Etango-8 development, which is expected to produce an average of 3.5 million pounds of uranium oxide (U₃O₈) annually over a projected 15-year mine life.