Cape Town, South Africa —

Namibia is growing its uranium sector via both current activities and fresh Exploration and Production (E&P) ventures. Having averaged 5,613 metric tons annually recently, the country has firmly secured its place as the global leader in uranium output, ranking third worldwide.

With the rising worldwide focus on uranium aimed at meeting the increasing need for nuclear power generation, the nation is stepping up collaboration with international exploration and production firms to fully tap into its uranium sector’s potential. The imminent Africa Mining Indaba – scheduled from October 1st through October 3rd in Cape Town – will serve as a platform to link investors with promising opportunities in Namibia.


2025 Milestones

Recent advancements underscore Namibia’s expanding role in the uranium industry. In February 2025, Canadian firm Snow Lake Resources initiated Phase 2 drilling at their Engo Valley site with plans covering approximately 7,500 meters of both reverse circulation and diamond drilling. The company anticipates releasing an initial resource assessment later this year. Additionally, Pioneer Lithium purchased Rodon Metals, which manages the Warmbad Project, pledging AU$1.675 million towards geologic assessments and exploratory efforts aimed at enlarging the mining operation.

In January 2025, Connected Minerals initiated drilling activities at the promising Swakopmund project following the acquisition of a prospector’s license from the Namibian authorities. Additionally, the firm is investigating the Etango Northeast site, where significant uranium deposits were verified back in November 2024. Meanwhile, Deep Yellow Limited plans to reach a final investment choice regarding their Tumas Expansion Project, which encompasses 79 million pounds, during the initial three months of 2025. This venture aims to yield six million pounds annually starting from 2026, thereby boosting Namibia’s overall output levels significantly.


2024 Achievements

In 2024, Namibia witnessed significant advancements in its markets through various discovery events and newly initiated exploration and production efforts. During this period, Australia-based Paladin Energy reached an all-time high output of 1.2 million pounds during the latter part of the year. They aspire to further elevate their benchmark to 3.6 million pounds by mid-2025. Additionally, beyond major operational activities, Namibia saw a notable increase in both newcomers entering the marketplace as well as collaborative ventures. Notably, Madison Metals teamed up with Star Minerals to expedite progress on the Cobra Project. Meanwhile, Australia’s Gibb River Diamonds acquired three additional permits within the Erongo District area, complemented by Hertz Energy applying for two more prospecting rights. Furthermore, Oar Resources managed to secure AU$1 million in investment from stakeholders specifically aimed at financing two emerging uranium endeavors.

During this period, African Mining Week will include top-tier panel discussions and special networking events designed to link international investors with Namibia’s swiftly expanding uranium industry. This gathering aims to promote cooperation among worldwide mining companies and Namibian entities, thereby establishing the groundwork for rapid expansion within the nation’s uranium marketplace.