Bannerman Energy's CNNC Partnership Has "Aged Well," Euroz Hartleys Says

MT Newswires Live

Apr 30

Bannerman Energy's (ASX:BMN) partnership with CNNC Overseas, a unit of China National Uranium, has aged well since its first disclosure, noting both the surety of build funding, as well as continued challenges faced by emerging producers, Euroz Hartleys said in a Wednesday note.

Bannerman retains 40% offtake rights independently and is now funded for the Etango-8 build in Namibia in partnership with a leading utility with a significant operating presence in the region.

The investment firm maintained its speculative buy rating and lifted the price target to AU$5.10 per share from AU$5 per share.

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