JOHANNESBURG and LONDON and WASHINGTON, Nov. 21, 2024 — C5 Capital, a specialized global investment firm, and Sibanye-Stillwater, a multinational mining and metals company (JSE: SSW and NYSE: SBSW), have formed a strategic alliance to collaborate on future advanced nuclear energy projects in South Africa, the United States, and internationally. This collaboration aims to leverage their respective expertise to maximize opportunities across the entire value chain.
Sibanye-Stillwater operates a diverse range of mining and processing activities across five continents. The company is a leading global recycler of PGM autocatalysts and is involved in mine tailings retreatment.
Sibanye-Stillwater holds significant uranium mineral resources, totaling nearly sixty million pounds, located in surface tailings at its Cooke Project and underground at the Beatrix mine (Beisa section) in South Africa.
The partnership will explore global opportunities in the identification, acquisition, financing, development, and management of uranium projects and production facilities. These initiatives have the potential to supply uranium for Small Modular Reactors (SMRs) and their associated fuel cycles worldwide.
C5 Capital, a member of the World Nuclear Association (WNA), has signed the , supporting a global effort to triple nuclear energy capacity by 2050. At the COP29 UN Climate Change Conference in Baku, Azerbaijan, six additional nations joined this declaration, increasing the total number of endorsing countries to 31.
Neal Froneman, CEO of Sibanye, stated: “We are enthusiastic about this partnership with C5 Capital and anticipate exploring future opportunities together in the uranium and clean energy sectors, which present significant potential.”
Andre Pienaar, founder of C5 Capital, commented: “The combination of C5’s innovative advanced nuclear investments and Sibanye’s uranium production capabilities creates a transformative clean energy partnership for South Africa and the global community.”
About C5 Capital:
C5 Capital (C5) is a specialized global investment firm with offices in Washington DC, London and Vienna that invests in advanced nuclear energy, space, and cybersecurity. C5 has an Energy Security Fund focused on strengthening the resilience of the global nuclear value chain. For more information, visit: .
About Sibanye-Stillwater:
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations, projects, and investments spanning five continents. The Group is also a leading global recycler of PGM autocatalysts and has interests in major mine tailings retreatment operations.
Sibanye-Stillwater is one of the world’s largest producers of platinum, palladium, and rhodium, and a top-tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper, and cobalt. The Group has recently expanded into battery metals mining and processing and is increasing its involvement in the circular economy by growing its recycling and tailings reprocessing activities globally. For more information refer to .
SOURCE Sibanye