Bannerman Resources Ltd. is pleased to advise that the Company’s ordinary shares have been approved for trading on the OTCQB Venture Market under the symbol “BNNLF”. HIGHLIGHTS OTC Markets is a well-established trading platform in the US “QB” quotation significantly expands global access to investment in Bannerman shares U.S. and Canadian investors, in particular, will gain simpler [...]
Bannerman Resources Ltd. is pleased to report on an effective quarter that has positioned Bannerman and its Etango uranium project very well for an increase in uranium market activity and associated improvements in sentiment due to a positive resolution of the section 232 trade investigation being undertaken in the United States. HIGHLIGHTS Positive section 232 decision announced on 12 July ° President Trump decided [...]
Bannerman Resources Ltd. is pleased to advise that the section 232 trade investigation into uranium imports into the United States has been resolved with a clear and positive decision by President Trump. HIGHLIGHTS Positive section 232 decision announced on 12 July. President Trump decided to take no trade action, rejecting quota requiring US utilities to procure 25% of uranium from domestic US sources. Highly positive [...]
Bannerman Resources Ltd. is pleased to report on an effective quarter in which reconnaissance drilling highlighted potential satellite feed to the proposed Etango mine, whilst the uranium sector moved closer to resolution of the section 232 trade investigation being undertaken in the United States. HIGHLIGHTS Section 232 decision pending • US trade investigation has created uncertainty since January 2018, suppressing [...]
Bannerman Resources Ltd. is pleased to report on a productive quarter in which it undertook reconnaissance drilling to test potential satellite targets whilst continuing the DFS Update work, against a backdrop of improving uranium prices and industry sentiment. HIGHLIGHTS Reconnaissance drilling program Targeting two areas within 10km of the proposed Etango processing plant 8 drill holes for 973 m of RC drilling completed [...]
Bannerman Resources Ltd. is pleased to report on a productive quarter in which it successfully restructured its share register whilst maintaining the Etango Project’s development-ready status and the Company’s strong cash balance. HIGHLIGHTS Share register successfully restructured following exit by RCF • Resource Capital Funds IV LLP and Resource Capital Funds IV LLP sold the entirety of their approx [...]
Bannerman Resources Ltd. advises that it has been notified of the sale by Resource Capital Fund IV and Resource Capital Fund VI of the entirety of RCF’s residual shareholding in the Company, being 191,429,739 shares. The Company understands that the purchasers are a number of Australian and offshore institutions, including significant participation by specialist uranium investment funds and existing institutional [...]
PERTH, Australia, July 27, 2018 -- Bannerman Resources Ltd. is pleased to report on a strong June quarter during which the Company completed a A$8m heavily oversubscribed capital raising, strengthening the Company’s finances and enabling further optimisation work at Etango. HIGHLIGHTS Successful capital raising results in A$8.3m cash balance at quarter end • Heavily oversubscribed A$8m placement to [...]
PERTH, Australia, June 08, 2018 -- Bannerman Resources Ltd. is pleased to announce that it has received commitments to raise A$8 million gross proceeds through the placement of 173,913,043 new Bannerman shares at an issue price of A$0.046 per share . The Placement was made to both institutional and sophisticated investors. The Placement price of A$0.046 per share represents a 9.2% discount to the 10-day volume weighted [...]
PERTH, Australia, April 30, 2018 -- Bannerman Resources Ltd. is pleased to report on a productive March quarter during which the Etango Project was progressed via successful completion of the Membrane Study. HIGHLIGHTS Membrane Study delivered cost savings to Etango • Nano-filtration delivered substantial potential cost savings • Membrane Study demonstrated nano-filtration benefits to Etango • Confirms Ion [...]
Bannerman Resources is pleased to announce that the Etango Membrane Study has been completed successfully, delivering substantial reagent/operating cost reductions along with forecast capital savings, the final quantum of which is to be confirmed in the Etango Definitive Feasibility Study Update . HIGHLIGHTS • Nano-filtration delivers substantial potential cost savings Over 80% of acid recovered, reducing largest [...]
Bannerman Resources is pleased to report on an excellent December quarter during which the Etango Project was strongly progressed while uranium market fundamentals also substantially improved. HIGHLIGHTS • Processing Optimisation Study completed US$73m estimated Etango processing-related capital cost savings Operating costs reduced, with DFS Update to target improvements of US$3+/lb U3O8 • Membrane Study initial [...]
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