This post was originally published on this site.Bannerman Energy (ASX, NSX: BMN; US-OTC: BNNLF) and its Chinese partner CNNC Overseas have approved construction of the Etango uranium project in Namibia, with funding secured without project debt and first production targeted for 2028. The development is expected to cost $353 million before production and deliver an average of 3.5 million lb. of uranium oxide annually. About $64 million has already been spent on early works, leaving roughly $289 million in pre-production spending, Bannerman said in its announcement Friday. The decision moves Etango into full-scale construction after years of studies and preparatory...

This post was originally published on this site.The U.S. Department of Energy (DOE) announced Friday that Secretary of Energy Chris Wright has designated helium as a critical material under the Energy Act of 2020.   The designation advances the Trump Administration’s commitment to freeing America from reliance on foreign sources of critical materials, strengthening domestic manufacturing, supporting American jobs, and securing the materials essential to U.S. economic and national security, the DOE said.    DOE determined that helium meets the statutory definition of a critical material due to its essential role in American manufacturing and growing exposure to supply chain...