Bannerman Energy Likely to Raise Less Equity for Uranium Projects -- Market Talk

Dow Jones

Mar 04

2325 GMT - Bannerman Energy's deal with China National Nuclear Corp. likely reduces the size of any future equity raising to fund its Etango uranium project in Namibia, Macquarie says. CNNC is investing US$321 million to acquire a 42.75% effective interest in the Etango project. Macquarie had thought Bannerman would need to raise A$400 million at an average issue price of A$3.50/share. It now assumes Bannerman raises A$120 million at A$4.50/share. Macquarie also points out that CNNC already owns 68.82% of the Rossing uranium mine and 25% of the Langer Heinrich mine in Namibia. "We expect to see some synergies in adding Etango to the CNNC Namibia portfolio (eg, acid costs)," Macquarie says. It has an outperform call on Bannerman, and cuts its price target by 4% to A$5.60/share. Bannerman is down 8% at A$4.41 today. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 03, 2026 18:25 ET (23:25 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2616085763"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2616085763\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2616085763?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-04 07:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2616085763","market":"sg","top_or_hot":-1,"title":"Bannerman Energy Likely to Raise Less Equity for Uranium Projects -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2325 GMT - <a href=\"https://laohu8.com/S/BMN.AU\">Bannerman Energy</a>'s deal with <a href=\"https://laohu8.com/S/601985\">China National Nuclear</a> Corp. likely reduces the size of any future equity raising to fund its Etango uranium project in Namibia, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> says. CNNC is investing US$321 million to acquire a 42.75% effective interest in the Etango project. Macquarie had thought Bannerman would need to raise A$400 million at an average issue price of A$3.50/share. It now assumes Bannerman raises A$120 million at A$4.50/share. Macquarie also points out that CNNC already owns 68.82% of the Rossing uranium mine and 25% of the Langer Heinrich mine in Namibia. \"We expect to see some synergies in adding Etango to the CNNC Namibia portfolio (eg, acid costs),\" Macquarie says. It has an outperform call on Bannerman, and cuts its price target by 4% to A$5.60/share. Bannerman is down 8% at A$4.41 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2026 18:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bannerman Energy Likely to Raise Less Equity for Uranium Projects -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBannerman Energy Likely to Raise Less Equity for Uranium Projects -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-04 07:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2325 GMT - <a href=\"https://laohu8.com/S/BMN.AU\">Bannerman Energy</a>'s deal with <a href=\"https://laohu8.com/S/601985\">China National Nuclear</a> Corp. likely reduces the size of any future equity raising to fund its Etango uranium project in Namibia, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> says. CNNC is investing US$321 million to acquire a 42.75% effective interest in the Etango project. Macquarie had thought Bannerman would need to raise A$400 million at an average issue price of A$3.50/share. It now assumes Bannerman raises A$120 million at A$4.50/share. Macquarie also points out that CNNC already owns 68.82% of the Rossing uranium mine and 25% of the Langer Heinrich mine in Namibia. \"We expect to see some synergies in adding Etango to the CNNC Namibia portfolio (eg, acid costs),\" Macquarie says. It has an outperform call on Bannerman, and cuts its price target by 4% to A$5.60/share. Bannerman is down 8% at A$4.41 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2026 18:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2616085763","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616085763","pubTimestamp":1772580300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2325 GMT - Bannerman Energy's deal with China National Nuclear Corp. likely reduces the size of any future equity raising to fund its Etango uranium project in Namibia, Macquarie says. CNNC is investing US$321 million to acquire a 42.75% effective interest in the Etango project. Macquarie had thought Bannerman would need to raise A$400 million at an average issue price of A$3.50/share. It now assumes Bannerman raises A$120 million at A$4.50/share. Macquarie also points out that CNNC already owns 68.82% of the Rossing uranium mine and 25% of the Langer Heinrich mine in Namibia. \"We expect to see some synergies in adding Etango to the CNNC Namibia portfolio ,\" Macquarie says. It has an outperform call on Bannerman, and cuts its price target by 4% to A$5.60/share. Bannerman is down 8% at A$4.41 today. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BMN.AU":"BANNERMAN ENERGY LTD","BK4585":"ETF&股票定投概念","EQR":"资产住宅公司","BK7083":"煤与消费用燃料","NLR":"核能指数ETF-Market Vectors","BK4215":"住宅房地产投资信托","BK4606":"AI电力股"},"translate_title":"Bannerman Energy可能会减少铀项目的股本——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1.5,"NLR":1.5,"BMN.AU":0.9},"content_text":"2325 GMT - Bannerman Energy's deal with China National Nuclear Corp. likely reduces the size of any future equity raising to fund its Etango uranium project in Namibia, Macquarie says. CNNC is investing US$321 million to acquire a 42.75% effective interest in the Etango project. Macquarie had thought Bannerman would need to raise A$400 million at an average issue price of A$3.50/share. It now assumes Bannerman raises A$120 million at A$4.50/share. Macquarie also points out that CNNC already owns 68.82% of the Rossing uranium mine and 25% of the Langer Heinrich mine in Namibia. \"We expect to see some synergies in adding Etango to the CNNC Namibia portfolio (eg, acid costs),\" Macquarie says. It has an outperform call on Bannerman, and cuts its price target by 4% to A$5.60/share. Bannerman is down 8% at A$4.41 today. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2026 18:25 ET (23:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}