# Etango-8 Reaches Final Investment Decision, Targets First Production in 2028

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/43267
Published: 2026-10-29T06:29:27.000Z
Updated: 2026-10-29T06:29:27.000Z
Section: Business

> Funding includes a completed CNOL strategic investment and Bannerman’s A$124 million institutional equity placement. Bannerman plans to sell the remaining 40% of contracted volumes about six months before production.

Bannerman Energy’s Etango-8 uranium project in Namibia has reached a final investment decision. First production is expected in 2028.

Funding includes a completed strategic investment from CNOL and Bannerman’s A$124 million institutional equity placement.

Bannerman plans to delay selling the remaining 40% of contracted volumes until approximately six months before production. The company also plans to maintain relationships while delaying those sales.