BMN
Director Trades
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Company News
Petra Capital forecasts sustained strength in uranium market
A new report from boutique Australian institutional stockbroking firm Petra Capital is forecasting continued strength in the uranium market. The estimated uranium term price for August is up 19% year-to-date, with the final third of the year – typically a strong seasonal period for uranium – still to come. Petra believes an increase in contract […]
Bannerman Energy raises $85m to further develop Etango uranium project in Namibia
Bannerman Energy’s (ASX: BMN) development plans for its Etango uranium project in Namibia have been boosted by a successful $85 million capital raising. An early mover among the growing group of Australian miners attracted to Namibia’s uranium riches, Bannerman secured firm commitments from existing institutional and sophisticated investors for its two-tranche placement. The new funds […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]
Namibian government denies reports of nationalisation, shares rebound
The share prices of a number of ASX-listed miners have rebounded after the Namibian government labelled reports of possible nationalisation of the country’s resource sector as “disappointing”. The international media reports sent a shock wave through the global resources sector and stock exchanges this week, with a number of ASX-listed companies in particular seeing their […]
Will a uranium recovery stick this time?
A fresh wave of optimism is washing across Australian uranium explorers as nuclear power stakes a claim in the drive to decarbonise the world, but a second wave of genuine demand from power utilities is required to make the recovery stick. There’s a lot in that opening comment which is based on the sharp share […]
Uranium stocks rally as nations tighten emissions targets
The uranium industry is setting up for an accelerated rise in prices with a supply deficit looming and demand growing as governments target ‘cleaner and greener’ energy sources – a sector in which nuclear power didn’t seem to be considered until now. Nuclear power has been sidelined by governments for years, hampered by its dangerous […]
First silver, now uranium — fears of supply shortages drive up yellowcake share prices
While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, […]
Uranium stocks take off as US Senate committee clears Trump plan for strategic reserve
The US Senate Committee on Environment and Public Works has passed a bill that approves the establishment of a national uranium strategic reserve. The new bill, which will almost certainly pass the whole US Senate because it has bipartisan support, excludes any Chinese or Russian company involvement in supplying uranium to the stockpile. But Australia, […]
Is the long-awaited supply shock finally here for uranium?
Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, […]
