RE-RATE13 Dec 2024 06:51
A lot of playing connect the dots lately (apologies if too much), but yet another topical gem shining a light on the precise expedited trajectory Neo and their newfound heavyweight partners are on - the accompanying video is also quite informative.
Market cap is surely devoid of the reality before us and will sooner or later have no choice but to re-rate.
“In an interview with NSN, James Wellstead from Sibanye-Stillwater said the company is looking for ways to unlock its uranium resources. Sibanye-Stillwater sits on 27 million pounds of uranium at Beatrix mine in the Orange Free State and 32 million pounds on the surface in a tailings facility at its Cooke operations. Sibanye, he said, wants to play a bigger role both upstream and downstream in the energy transition in the future.
“We do have the uranium resources and we can supply that uranium to small modular reactors. We do think that small modular reactors are the way forward because of the relatively lower cost and lead time before they can come into operation. And that, I think, would be essential in South Africa, where we’ve had for more than a decade, real issues with the consistency and reliability of our energy supply.”
Wellstead said the company put its uranium strategy on the back burner some years ago because the price was too low. However, he believes that the outlook for the uranium market is now very solid.
“We have been engaging with C5 Capital because they have the track record of investment,” he said. “Bringing our expertise and our experience in mining and having actually mined and produced uranium in the past, you know, there’s a lot of complementary synergies that I think we can realise together.”
The founder of C5 Capital, André Pienaar, said C5’s innovative investments in advanced nuclear combined with Sibanye’s uranium production potential create a transformative partnership in clean energy, not only for South Africa but also globally.
C5 Capital is the only global investment firm that is a member of the World Nuclear Association (WNA).”
https://nationalsecuritynews.com/2024/11/sibanye-stillwater-leverages-c5-capital-for-uranium-growth-as-putin-restricts-exports/
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