American company Frontier Nuclear and Minerals Inc. says it remains on track to publish a maiden mineral resource estimate (MRE) for its Engo Valley uranium project in Namibia by mid-Q3 2026, marking a key milestone in the development of the asset.
The Engo Valley project is located in Namibia, the world’s third-largest uranium producer, which hosts three operating uranium mines and is widely regarded as a stable and attractive mining jurisdiction.
“The maiden mineral resource estimate for Engo Valley is expected to establish the foundation for Engo Valley to potentially become a strategic uranium development asset in Namibia, and we believe Engo Valley has the geological potential to add to Namibia’s globally important uranium production,” said Frontier chief executive officer Frank Wheatley.
Frontier confirmed that all assay results from its Phase 2 drilling programme have now been received, allowing the company to proceed with finalising the MRE in line with US securities regulation standards under Subpart 1300 of Regulation S-K.
The Phase 2 programme, completed in 2025, comprised 5,565 metres of drilling across 57 drill holes, including reverse circulation and diamond drilling at the MUO and D1 target areas.
The company said uranium mineralisation at Engo Valley remains open along strike, indicating potential for further resource expansion beyond the current drilling areas.
Additional exploration work is planned, including further drilling at MUO and D1, as well as initial mapping and sampling in the northern and southern parts of the project area identified as prospective zones.
Frontier said the upcoming resource estimate will provide the foundation for future exploration and development activities, positioning Engo Valley as a potential strategic uranium asset within Namibia’s mining sector.
The company also pointed to growing global uranium demand, driven partly by US policy shifts aimed at expanding nuclear energy capacity. The United States has classified uranium as a critical mineral due to its heavy reliance on imports and has announced plans to significantly increase nuclear generation capacity by 2050, a move expected to boost long-term uranium demand.
Frontier said Engo Valley is well positioned to benefit from these broader market trends as the company moves towards completion of its maiden resource estimate next year.
“We believe current geopolitical and energy security trends are driving a re-rating of uranium assets in stable mining jurisdictions. A global focus on critical minerals needed to ensure energy and national security continues to underpin this re-rating,” Wheatley said.
