The Uranium Deal 10 Years in the Making (Brandon Munro)

Описание: We sat down with Brandon Munro from Bannerman Energy to discuss their transformative deal with CNNC and the uranium market landscape.

Brandon has been at the helm of Bannerman for a decade, navigating the company through one of the most challenging financing environments in mining. With deep expertise in the uranium sector and years of experience in Namibia, he provides unique insights into the uranium supply crunch, the contracting cycle, and how to get a deal done.

In this episode, he breaks down:

• How the deal came together
• Negotiating with a Chinese SOE
• Why now was the right time
• Choosing strategic equity over project finance
• Whether partnering with the Chinese was the only choice
• China's voracious long-term uranium demand
• Why the uranium market will overshoot

Follow Brandon on:

LinkedIn -   / brandonmunro  
X - https://x.com/brandon_munro

This was recorded on 26.2.2026.   

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▶️ CHAPTER TIMESTAMPS

00:00 - China’s Uranium Imperative
03:50 - Uranium Cycle Since Fukushima
07:00 - Etango-8 Rethink Explained
08:50 - CNNC JV Deal Breakdown With Bannerman
34:40 - Why Build Now
38:00 - Financing Tradeoffs
41:50 - Regulatory Guardrails
47:00 - China Demand Surge
52:00 - AI Power and Wrap Up

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