BNNLF Stock: Bannerman Energy (ASX: BMN) Price & Analysis
Bannerman Energy Ltd (BNNLF) last close A$3.36 on (−A$0.03, −0.88% on the day) · EODHD end-of-day
Bannerman Energy is an Australian uranium developer advancing the large Etango project in Namibia, which has completed a definitive feasibility study and early works, toward a final investment decision and conventional open-pit production.
Bannerman Energy Ltd · ASX: BMN · developer · Informational only, not investment advice.
- Last close
- A$3.36
- EODHD, Nov 4, 2026
- Day change
- −0.88%
- −A$0.03 vs Nov 3, 2026 close
- 52-week range
- A$2.79 – A$4.90
- EODHD closes, Nov 5, 2025 to Nov 4, 2026
- Market cap
- $593M
- EODHD BMN.AU
- Total U₃O₈ resources
- 206.8 Mlbs
- Bannerman Energy Annual Report for the Year Ended 30 June 2025 - Mineral Resource and Ore Reserves Statement (Directors' Report)
- Cost per lb (FS cost)
- US$39.09/lb
- Bannerman Energy ASX announcement 'Etango-8 FEED Complete and Costs Updated' (11 Jun 2024) — Control Budget Estimate life-of-mine AISC
- In-situ leverage
- 32.0×
- in-situ resource value ÷ market cap, at the current spot
Dividend & analyst view for BNNLF
Dividend
Bannerman Energy Ltd (BNNLF) does not currently pay a dividend, which is common for uranium developers and explorers that reinvest in their projects.
Total mineral resources 206.8 Mlbs U₃O₈ (measured 13.3, indicated 136.4, inferred 57.1), plus 59.9 Mlbs of reserves · Bannerman Energy Annual Report for the Year Ended 30 June 2025
Bannerman Energy Ltd (OTC: BNNLF, ASX: BMN) is an Australian uranium developer advancing the Etango project in Namibia. Etango hosts one of the largest undeveloped uranium deposits globally with 206.8 Mlbs of resources (100% project basis; Bannerman holds 95%) and a projected resource life of roughly 25 years. The project has completed a definitive feasibility study and is positioned for development as uranium prices support new mine construction.
Margin & leverage
resource source Full screener →Margin vs spot (FS cost)
$53/lb
In-situ leverage
32.0×
Jurisdiction
Erongo
Computed live from the screener's cited resource and cost inputs and the current spot price; margins use FS cost where the company disclosed it.
Mine projects
Cost curve →Full project table →| Project | Location | Status | Resource | Grade | Cost/lb | Source |
|---|---|---|---|---|---|---|
| Etango | ErongoNamibia | Development | 207.0 Mlb | 0.019% U3O8 | $39/lbFS cost | source |
Curated mine & project database, updated 2026-10-30. Deposit type and restart status per the linked disclosures.
Catalysts to watch
All sector catalysts →by end of 2028Bannerman Etango first productionneutralBannerman Energy / Etango JV final investment decision (ASX, October 23, 2026)
The Etango joint venture took a positive final investment decision on October 23, 2026; commissioning and first yellowcake production are expected during 2028.
Mines & facilities
Mines map →- Etango-8 ProjectDevelopment · Erongo, Namibia
Frequently asked questions about BNNLF
What does Bannerman Energy (BNNLF) do?
Bannerman Energy is an Australian uranium developer advancing the large Etango project in Namibia, which has completed a definitive feasibility study and early works, toward a final investment decision and conventional open-pit production.
What is the Etango uranium project?
Etango is a large-scale uranium project in Namibia owned by Bannerman Energy. It has 206.8 Mlbs of resources (13.3 Mlbs measured, 136.4 Mlbs indicated, 57.1 Mlbs inferred) and has completed a definitive feasibility study. It is one of the world's largest undeveloped uranium deposits.
Is Bannerman Energy a good investment?
Bannerman trades at a significant discount to NAV (0.7x P/NAV) with one of the largest undeveloped uranium resource bases. Key catalysts include securing project financing and achieving a final investment decision as uranium prices remain supportive.
What is the BNNLF stock price today?
Bannerman Energy Ltd (BNNLF) last closed at A$3.36 on Nov 4, 2026 on its ASX: BMN listing, per EODHD end-of-day data. The quote in the page header refreshes with the live market price when markets are open.
Which uranium ETFs hold BNNLF?
URNJ holds BNNLF at 5.29% of the fund (Nov 3, 2026), URNM at 3.09% of the fund (Nov 3, 2026), URA at 0.57% of the fund (Nov 3, 2026), per the issuers' published holdings. URAN also lists BNNLF per the issuer fund page (weight not published here).
Which ETFs hold BNNLF?
- URA ETF: holds BNNLF at 0.57% of the fund (as of Nov 3, 2026)
- URNM ETF: holds BNNLF at 3.09% of the fund (as of Nov 3, 2026)
- URNJ ETF: holds BNNLF at 5.29% of the fund (as of Nov 3, 2026)
Weights are each issuer's published fund holdings (Global X for URA; Sprott for URNM and URNJ), refreshed daily.
The weekly uranium brief
Spot moves, SPUT flows, filings, and contract news, once a week. Plus a free daily CSV of our uranium equity screener snapshot.
Compare and go deeper
- Compare BNNLF against every uranium mining stock by price, resources & cost
- How to read analyst price targets
- Today's uranium spot price (U₃O₈)
- Latest SEC filings for BNNLF
- Sprott Physical Uranium Trust (SPUT) NAV and discount
Other uranium stocks: UUUU stock · UEC stock · CCJ stock · DNN stock · NXE stock · PALAF stock · NATKY stock · BQSSF stock · EU stock · URG stock · PENMF stock · GLATF stock · ISOU stock · DYLLF stock · ALGEF stock · WSTRF stock · LTSRF stock · UROY stock
Cite this page
Using our data in an article or report? Please credit Yellowcake Analytics with a link.
Yellowcake Analytics. "Bannerman Energy Ltd (BNNLF) Stock Analysis." Yellowcake Analytics, 2026, https://www.yellowcakeanalytics.com/stocks/BNNLF.
<a href="https://www.yellowcakeanalytics.com/stocks/BNNLF">Bannerman Energy Ltd (BNNLF) Stock Analysis</a> — Yellowcake Analytics (www.yellowcakeanalytics.com)