- Sibanye-Stillwater partners with C5 Capital to explore advanced nuclear energy and SMR opportunities.
- Sibanyes uranium reserves and C5's expertise aim to drive cleaner energy solutions and reduce nuclear costs.
- Despite a 379 million loss, Sibanye advances its clean energy strategy, positioning itself as a key supplier of fuel for Small Modular Reactors SMRs.
Sibanye-Stillwater, the South African mining giant led by Neal Froneman, has teamed up with venture capitalist Andre Pienaars C5 Capital to explore opportunities in the advanced nuclear energy sector.
The two companies formalized their partnership through a Memorandum of Understanding MoU, with the aim of leveraging Sibanye-Stillwaters extensive uranium reserves and C5s expertise in small modular reactors SMRs to provide cleaner energy solutions.
SMRs at the forefront of cleaner energy innovationC5 Capitals Energy Security Fund, a major investor in U.S.-based X-energy, plays a key role in the development of SMRs, which are designed to reduce nuclear power costs and construction timelines. X-energy is leading the construction of South Africa's first privately owned SMR, having completed a feasibility study and begun government engagements.
SMRs have the potential to serve as an accessible and sustainable energy source, replacing coal as a baseload provider, said Froneman, CEO of Sibanye-Stillwater. This partnership is a strategic pivot for Sibanye into energy metals and clean energy, he added.
Sibanye-Stillwaters uranium assets positioned for SMR developmentSibanye-Stillwaters uranium reserves, including 60 million pounds at its Cooke and Beatrix mines, position the company as a key supplier for small modular reactors SMRs.
