Connected Minerals operates in Namibia, the third-largest uranium producer globally, near major mining sites. With confirmed high-grade mineralization at its projects and support from the stable political environment, the company is optimistic about future uranium demand, driven by energy needs and technological expansion.
Connected Minerals, listed on the ASX under the symbol CML, is strategically situated in Namibia, known as the world’s third-largest uranium producer. The company operates near the prominent Rössing Mine, which has been a significant uranium producer since its inception in 1976. In 2022, Namibia contributed 11% of the global uranium supply, and China has greatly increased its investment in Namibian mining operations.
In summary, Connected Minerals is well-positioned to capitalize on Namibia’s burgeoning uranium sector, benefiting from its robust mining infrastructure and political stability. With confirmed high-grade mineralization at Etango North-East and promising potential at Swakopmund, the company remains optimistic despite recent fluctuations in uranium prices. The increasing energy demands driven by global decarbonization efforts further underline the strategic importance of their projects.
Original Source: www.finnewsnetwork.com.au
