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Core Energy Eyes Namibian Uranium Stake | Namibia News
Core Energy Minerals is poised to make a major play in Namibia, investing nearly $57.5 million for a 51% stake in a uranium joint venture — a two-phase earn-in deal that could reshape the global energy landscape. Phase one requires $2 million AUD within 18 months for 25% ownership, followed by another $3 million AUD over 24 months to secure an additional 26%. If successful, Core Energy will dominate the venture while Deep Yellow — calling these licenses “non-core” — can focus on its larger uranium ambitions in Namibia and Australia. The arrangement lets Deep Yellow conserve resources while…
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