JOHANNESBURG and LONDON and WASHINGTON, Nov. 21,
2024 /PRNewswire/ -- C5 Capital, a specialist
global investment firm and Sibanye-Stillwater, a multinational
mining and metals processing group (JSE: SSW and NYSE: SBSW), have
entered into a strategic partnership to participate in future
development of advanced nuclear energy opportunities in
South Africa, the United States and globally. The parties
believe that cooperating and leveraging their specific experience
and skills will optimize opportunities throughout the value
chain.
Sibanye-Stillwater has a diverse portfolio of operations,
projects, and investments across five continents. The company is
one of the foremost global recyclers of PGM autocatalysts and has
interests in mine tailings retreatment operations.
Sibanye-Stillwater owns uranium Mineral Resources of nearly
sixty million pounds contained in surface tailings at its Cooke
Project and underground at the Beatrix mine (Beisa section) in
South Africa.
The partnership will explore opportunities worldwide related to
the identification, acquisition, financing, development, and
management of uranium projects and production facilities which have
the potential to supply uranium to Small Modular Reactors (SMRs)
and the fuel cycle for SMRs globally.
C5 Capital, as a member of the World Nuclear Association (WNA),
has signed the Net Zero Nuclear Industry Pledge joining a global
initiative to triple nuclear energy capacity by 2050. At the
COP29 UN Climate Change Conference in
Baku, Azerbaijan, six more
countries joined the declaration to triple global nuclear energy
capacity by 2050, bringing the total number of countries endorsing
the declaration to 31.
Neal Froneman, CEO of Sibanye
said: "We are excited about the partnership with C5 Capital and
look forward to exploring future opportunities together in the
uranium and clean energy sectors, which are hugely appealing."
Andre Pienaar, founder of C5
Capital said: "Combining C5's innovative investments in advanced
nuclear with Sibanye's uranium production potential, creates a
transformative partnership in clean energy both for South Africa and globally."
About C5 Capital:
C5 Capital (C5) is a specialist global investment firm with
offices in Washington DC,
London and Vienna that invests into advanced nuclear
energy, space, and cybersecurity C5 has an Energy Security Fund
that invests to strengthen the resilience of the global nuclear
value chain. For more information, visit: www.C5Capital.com.
About Sibanye-Stillwater:
Sibanye-Stillwater is a multinational mining and metals
processing group with a diverse portfolio of operations, projects,
and investments across five continents. The Group is also one of
the foremost global recyclers of PGM auto catalysts and has
interests in leading mine tailings retreatment operations.
Sibanye-Stillwater is one of the world's largest primary
producers of platinum, palladium, and rhodium and is a top tier
gold producer. It also produces and refines iridium and ruthenium,
nickel, chrome, copper, and cobalt. The Group has recently begun to
diversify its asset portfolio into battery metals mining and
processing and increase its presence in the circular economy by
growing its recycling and tailings reprocessing exposure globally.
For more information refer to www.sibanyestillwater.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/c5-capital-signs-mou-with-sibanye-stillwater-to-advance-nuclear-energy-in-south-africa-the-united-states-and-globally-302312459.html
SOURCE Sibanye
