Ecofin Agency published on 28 September 2026 an article titled "Australia's Bannerman Funds Etango in Namibia Without Bank Debt, Gives China Rights to 60% of Uranium Output" by Idriss Linge.
Australian uranium developer Bannerman Energy has secured a $320 million investment package from the state-owned China National Nuclear Corporation Overseas for Namibia's Etango uranium project. The Chinese nuclear group gets a 42.75 percent interest in Etango but rights to buy 60 percent of the mine's uranium production over its operating life.
