Bannerman Energy has appointed Cirrus Securities as its new Namibia Securities Exchange (NSX) sponsor, marking a change in its local market advisory arrangements as the company advances the development of its Etango Uranium Project.
The uranium developer announced that Cirrus Securities assumed the sponsorship role on 5 June 2026, replacing IJG Securities, which had previously acted as sponsor for Bannerman’s dual-listed equity on the NSX.
The change was implemented in accordance with the NSX Listings Requirements governing listed companies.
While the appointment does not affect Bannerman’s operational activities or listing status, the move comes at a pivotal stage for the company as it progresses one of Namibia’s largest undeveloped uranium projects towards production.
Bannerman recently secured a multi-billion-dollar investment agreement with CNNC Overseas Limited, a subsidiary of China National Nuclear Corporation, providing full funding for the development of the Etango Uranium Project and supporting its target of first production in 2028.
Under NSX regulations, sponsors play a key role in advising listed companies on regulatory compliance, disclosure obligations and corporate actions.
Cirrus Securities will now act as the company’s principal adviser on matters relating to its NSX listing.
The appointment reflects a routine governance change but comes as investor interest in uranium developers continues to strengthen amid growing global demand for nuclear fuel and increasing attention on Namibia’s uranium sector.
