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Bannerman clears major Etango funding hurdle as uranium mine nears FID
8:18am on Thursday 24th of September, 2026 AEST
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Mining
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Bannerman clears major Etango funding hurdle as uranium mine nears FID
8:18am on Thursday 24th of September, 2026 AEST
Key Points
A$124 million institutional placement completed at A$4.00 a share
CNOL transaction conditions satisfied or waived, with completion expected before the end of September
Etango bulk earthworks 92% complete and permanent water pipeline 87% complete
FY2026 net loss widened to A$8.4 million while cash rose to A$53.1 million
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