Bannerman Mining Resources Namibia
Bannerman Mining Resources (Namibia) (Pty) Ltd is a 95% owned subsidiary of Bannerman Energy Ltd. The Etango Uranium project is 100% owned by Bannerman Mining Resources Namibia.
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One Economy Foundation (OEF)
One Economy Foundation is a Namibian non-profit helping to build a bridge of economic opportunity between the dual economy. In 2017 Bannerman gifted OEF a 5% loan-carried shareholding in Etango.
Why partner with OEF?
- Close alignment of OEF’s community development programs and Bannerman’s development philosophies
- OEF have a long-term perspective that aligns with our development pathway
- Sound understanding of Etango project and mining challenges – and therefore realistic expectations
- Loan carried ownership structure balances economic alignment with maintaining project financing attractiveness
- Future Etango cashflows can fund extensive capacity building, leveraging OEF’s established and proven programs.