09.12.2024 14:56:00
|
Sibanye-Stillwater sells Beisa uranium project to Neo Energy
South Africa’s Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has agreed to sell its Beatrix 4 shaft, which includes the Beisa uranium project, to UK-based Neo Energy Metals (LON: NEO) in a deal valued at about $28 million (R500 million).The move grants Sibanye-Stillwater a 40% equity stake in Neo Energy, positioning it as the company’s largest shareholder and ensuring continued exposure to the uranium market.As part of the deal, Sibanye-Stillwater will also receive royalties on all uranium sold from the Beisa project, with payments capped at $5 per pound, depending on the spot uranium price.Sibanye-Stillwater chief executive, Neal Froneman, said the transaction was part of the company’s broader strategy to extract value from its uranium assets.“The sale of Beatrix 4 shaft and the Beisa uranium project is in line with Sibanye-Stillwater’s strategy to unlock value from our uranium assets,” Froneman said in the statement.Sibanye-Stillwater placed Beatrix 4 shaft on care and maintenance in 2023 due to dwindling gold reserves and weak uranium prices. Since then, uranium prices have rebounded, reaching a peak of $106 per pound in January 2024. Despite this recovery, Sibanye-Stillwater did not prioritize capital investment in the Beisa uranium project, viewing the sale as a strategic opportunity to allow Neo Energy to advance the asset’s development.Neo Energy’s ambitious plansNeo Energy Metals, now responsible for the rehabilitation and environmental liabilities of Beatrix 4 shaft, plans to revitalize the Beisa uranium project. Executive chairman Jason Brewer emphasized the acquisition’s potential to drive shareholder value and benefit local economic development.The company intends to update development studies for the Beisa project, targeting an annual production of 1-3 million pounds of uranium and up to 100,000 ounces of gold over an initial 20-year mine life. Neo Energy expects to release a detailed development plan in the second half of 2025.Weiter zum vollständigen Artikel bei Mining.com
Jetzt Devisen-CFDs mit bis zu Hebel 30 handeln
Werbung
Handeln Sie mit Devisen-CFDs mit Hebel und kleinen Spreads. Mit nur 100 € können Sie von der Wirkung von 3.000 Euro Kapital profitieren!
82% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.
Nachrichten
Devisenkurse
Name | Kurs | +/- | % | |
---|---|---|---|---|
Dollarkurs |
1,0312
|
0,0045
|
|
0,44
|
Japanischer Yen |
162,071
|
0,4110
|
|
0,25
|
Britische Pfund |
0,8304
|
0,0011
|
|
0,13
|
Schweizer Franken |
0,9386
|
0,0021
|
|
0,23
|
Hongkong-Dollar |
8,0183
|
0,0341
|
|
0,43
|