Critical One Energy Inc.

Namibia

Namibia is a mining friendly jurisdiction, and the uranium mining operators have built excellent infrastructure to support mining activities including a seaport, airport, well-established road network, water and power.

Overview

Namibia

Namibia, a major global uranium producer, boasts stunning landscapes and rich wildlife in Southern Africa.
Madison Metal Mining Location

Harnessing Uranium in Namibia

Pioneering Industry: Namibia contributes 10% of global uranium mining output, showcasing its leadership in the sector since the first commercial mine opened in 1976.

Historical Richness: Uranium discovery dates back to 1928 in the Namib Desert, with substantial exploration starting in the 1950s, leading to the development of the significant Rössing deposit.

Governmental Support: There is strong governmental backing for expanding uranium mining, reflecting Namibia's strategic vision for its energy resources and nuclear power potential.

Future Prospects: Ongoing investments and feasibility studies indicate a bright future for Namibia's uranium industry, with a focus on sustainable expansion and global market influence.
Namibia

Statistical Insights

11%
of Global Uranium is from Namibia
2nd
Largest Uranium Producing Country
5%
Uranium CAGR Between 2022 and 2026
25%
Namibia's Income from Mining
Madison Metal Mining Location
Project

Madison West

Madison West

Venture into Madison West: Uncover the rich uranium prospects, adjacent to Namibia's Rössing Mine.

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Project

Madison North

Madison North

Delve into the potential of the Madison North Project, where advanced exploration meets strategic opportunity in Namibia's uranium heartland.

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Uranium Projects

Current Mining in Namibia

Rössing Uranium Mine
Started commercial production in 1976
46 years operation form open pit mining and acid leach recovery process
World supply of a 140,026t U3O8
Capacity to produce 4,500t U3O8 per year
Pit currently measures 3 km by 1.5km and is 390m deep
Owned by China National Uranium Corporation Limited after sale of Rio Tinto 68.2% interest in 2019
Reserves reported 2018 at 23,810t U3O8 at 0.033% providing mine life to 2025
Husab Uranium Mine
Development started February 2013 and commenced brief commercial production 2016 with 192t U3O8
Estimated 15 year mine life from 2 pits producing 5500t U3O8 per year
Reserves/resource figures reported at 188,000t with average grade 0.035% U3O8
Contiguous to Rössing mine
Currently trucking ore to Rössing for processing and drilling for shallow mineable resources
Namibia Highlights

Current Mining in Namibia

Rössing Uranium Mine

  • Started commercial production in 1976
  • 46 years operation form open pit mining and acid leach recovery process
  • World supply of a 140,026t U3O8
  • Capacity to produce 4,500t U3O8 per year
  • Pit currently measures 3 km by 1.5km and is 390m deep
  • Owned by China National Uranium Corporation Limited after sale of Rio Tinto 68.2% interest in 2019
  • Reserves reported 2018 at 23,810t U3O8 at 0.033% providing mine life to 2025

Husab Uranium Mine

  • Development started February 2013 and commenced brief commercial production 2016 with 192t U3O8
  • Estimated 15 year mine life from 2 pits producing 5500t U3O8 per year
  • Reserves/resource figures reported at 188,000t with average grade 0.035% U3O8
  • Contiguous to Rössing mine
  • Currently trucking ore to Rössing for processing and drilling for shallow mineable resources
Madison Metal Mining Location
Spearheading Uranium Discovery

Madison North Project

Nestled within Namibia's famed Erongo uranium province, our project encompasses two exceptional prospects:.

Each site is strategically selected for its geological potential, sitting adjacent to the world-class Rössing Uranium Mine, promising a future rich with discovery and development potential.

A Spectrum of Geological Potential

Madison West Project

Madison West unfolds across four distinct prospects - marking a confluence of geological promise and strategic foresight.

Our selection of these sites is based on unique geological attributes and their proximity to the established Rössing Uranium Mine.

Our Madison West project demonstrates our commitment to cost-effective, environmentally responsible exploration, in line with the global turn towards sustainable energy resources.

Critical One Energy Inc.

Key Milestones in Namibia

Venturing into Namibia:
The Uranium Quest Begins

In January 2022, Critical One Energy announced its ambitious foray into Namibia, signalling the start of a new chapter in uranium exploration with the intent to acquire valuable uranium licenses.

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Strategic Leap:
Securing Namibia’s Uranium Riches

September 2022 marked a pivotal moment as Critical One Energy inked an agreement to acquire a significant interest in a Namibia uranium mining license, deepening its involvement in the uranium-rich region.

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Green Light for Growth:
Environmental Nod in Namibia

November 2022 was a game-changer as Critical One Energy received the crucial Environmental Clearance Certificate from Namibian authorities, paving the way for drilling program preparations.

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Regulatory Triumph:
License Transfer Approved

June 2023 saw a major regulatory victory for Critical One Energy with the approval of the Namibia MME License transfer, cementing the company's operational presence in the region.

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Sustaining Success:
Prospecting License Renewed

In November 2023, Critical One Energy celebrated a key milestone with the renewal of the Exclusive Prospecting License 7011 for the Madison North Uranium Project, showcasing sustained progress and long-term commitment in Namibia.

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Madison Metal Mining Location
Critical One Energy

Explore Investment Opportunities

Join us in leveraging over C$1.4B in value creation through strategic mining operations. Capitalize on our unique position in Namibia's mining sector and be at the forefront of sustainable mining innovation.

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