C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa

C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa. C5 Capital, a specialist global investment firm and Sibanye-Stillwater, a multinational mining and metals processing group, 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.”