Latest Namibia News

Elevate Uranium has expanded its global uranium resource base to 169 million pounds of U3O8 through the strategic acquisition of the Napperby Uranium Project and complementary assets from Core Lithium. This move consolidates its Central Australian portfolio and leverages its proprietary U-pgrade™ beneficiation technology.

Elevate Uranium Ltd has expanded its global uranium resource to 169 million pounds of U3O8 through the acquisition of the Napperby Uranium Project and complementary assets from Core Lithium Ltd. This move consolidates its Central Australian portfolio and leverages its proprietary U-pgrade™ beneficiation technology.

Global Uranium and Enrichment Limited (GUE) has registered its scheme booklet with ASIC, detailing the proposed acquisition by Snow Lake Resources Ltd. The independent expert report supports the fairness and reasonableness of the deal, with GUE directors unanimously recommending shareholder approval.

Midas Minerals has completed its acquisition of the Otavi Copper Project in Namibia, initiating multiple drilling programs across high-grade deposits and securing strong funding to drive exploration in 2026.

Paladin Energy has restructured its syndicated debt facility, reducing total debt capacity from US$150 million to US$110 million, enhancing liquidity and balance sheet flexibility following a strong equity raise in 2025.

Elevate Uranium has successfully assembled its U-pgrade™ Demonstration/Pilot Plant in Namibia, with steady state operations expected to start in January 2026. This milestone aims to validate a proprietary beneficiation process that could transform uranium processing economics.

Askari Metals advances its flagship Nejo Project in Ethiopia with strong government backing and a planned maiden drilling campaign targeting high-grade gold zones. The company is well funded and poised for a busy 2026 exploration season.

Atomic Eagle Limited announces Phil Hoskins as new CEO following Daniel Major's unexpected non-start, spotlighting the Muntanga Uranium Project's substantial resource base.

Arcadia Minerals announces key leadership departures and a strategic pivot towards gold and critical minerals acquisitions, alongside planned drilling at its promising TVC Project in Namibia.

Wia Gold’s latest drilling results at the Kokoseb Gold Project reveal strong high-grade continuity and promising depth extensions, reinforcing the project’s underground mining potential ahead of a key feasibility study.

Askari Metals has raised $1.15 million to fund its first drilling campaign at the Nejo Gold and Copper Project in Ethiopia and to advance exploration at its Uis Project in Namibia. The placement, supported by new and existing sophisticated investors including company directors, positions Askari to accelerate its African exploration strategy.

Core Energy Minerals has raised $2.75 million through a share placement to fund critical minerals exploration and the acquisition of the Itambe Rare Earth Project in Brazil, backed by strong institutional support.