NextSource announces results of study for anode facility in the UAE NextSource Materials has announced positive results of a technical and economic study on the construction of a proposed 30 000 tpa capacity battery anode facility (BAF) located in the United Arab Emirates (UAE). The company has also signed an agreement to secure an industrial building in the Industrial City of Abu Dhabi (ICAD) and has launched a strategic partner process to consider expressions of interest it has received for funding the UAE BAF. This announcement is a key milestone in the company’s strategy to achieve full vertical integration by 2027. The construction of a proposed BAF in the UAE would position NextSource to become the largest anode producer outside of Asia and is part of its global expansion strategy to construct BAFs in key geographic locations, each with modular production capacities, that can be expanded in lockstep with automotive manufacturer (OEM) demand. Stantec, a global engineering service provider and partner firm with NextSource, has completed a preliminary design and produced both a capital and operating cost estimate in line with AACEi guidelines as part of the study to develop a UAE BAF. The study is based on a specific site and existing building that the company has signed an agreement to secure in the ICAD, a major industrial free zone consisting of a significant land parcel with sufficient space to accommodate a 30 000 tpa capacity BAF. The site is strategically situated along major international shipping routes and supported by extensive and world-class infrastructure, including local deep-water ports, industrial parks, and commercial free zones. n
Bannerman advances heap leach earthworks.
Etango construction early works update ASX-listed Bannerman Energy has advised of further progress in the construction early works activities at its Etango Uranium Project. Key outcomes Early works construction activities tracking in line with budget and schedule: • Construction power commissioned within Mining Licence boundary. • Detailed design work on Etango process plant progressing in line with schedule, with dry plant engineering now approx. 86% complete. • Factory Acceptance Test of High Pressure Grinding Rolls (HPGR) tertiary crusher successfully completed. Key contracts advanced: • Phase 1 concrete contract placed. • Blasting and crushing contract, for the heap leach drainage material, placed. • Both contracts awarded to Namibian contractors, with contractors now establishing on site. Commenting on these outcomes, Bannerman Chief Executive Officer, Gavin Chamberlain, said: “Our focus on tight contract and activity controls continues to be consistently applied by the team. Bannerman’s balance sheet provides strong support for our corporate strategy as we move through stage gate approvals for ongoing early works and maintain tight capital control.” n
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