Dark Star Minerals Strengthens Namibian Uranium Presence with Strategic Acquisition

June 27, 2025 11:23 AM AEST | By Team Kalkine Media

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Dark Star Minerals Strengthens Namibian Uranium Presence with Strategic Acquisition — Image source: shutterstock

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Highlights

Dark Star Minerals acquires Namibian uranium assets through share issuance and cash deal

Strategic location near Rössing Uranium Mine boosts exploration potential

Private placement initiated to support project development and expansion

Dark Star Minerals (CSE:BATT) has taken a significant step forward in its pursuit of critical mineral exploration by finalising a key acquisition in Namibia. The company has issued 200,000 common shares and made a cash payment of US$10,000 (approximately AUD 15,332) to Critical One Energy (CSE:CRTL) as part of the deal to acquire the Cobra North and Khan West uranium projects.

This agreement follows a non-binding letter of intent signed earlier in June 2025, under which Dark Star agreed to acquire the two Namibian assets for a total of US$760,000 and 14.2 million shares, priced at $0.10 each. The acquisition places Dark Star in a favourable strategic and geological position, especially due to the projects’ proximity to the established Rössing Uranium Mine, one of the region’s most prominent uranium production sites.

Strategic Focus in a Global Uranium Hub

Located within Namibia’s Erongo uranium province, the Cobra North and Khan West projects lie in a region well-recognised for its uranium potential. Namibia, ranked as the third-largest uranium producer globally in 2023, currently contributes around 10% of the world’s uranium mining output, according to the World Nuclear Association. With a projected compound annual growth rate of 2% in uranium production between 2023 and 2027, the country represents a stable and growing hub for uranium investment.

To support the development of its growing project portfolio, Dark Star has also launched a non-brokered private placement aiming to raise up to US$250,000. The placement consists of five million units priced at $0.05 per unit, each containing one common share and half a share purchase warrant. The warrant entitles holders to acquire an additional share at $0.075 within two years, providing flexibility for future capital growth.

Aiming for a Bigger Role in the Energy Transition

Dark Star’s strategy revolves around building a diversified portfolio of critical mineral assets, including rare earth and uranium projects, which are increasingly pivotal in global energy transition initiatives. With this latest Namibian acquisition, the company continues to align its operations with evolving energy demands and geopolitical shifts.

By strengthening its presence in one of the world’s top uranium-producing regions, Dark Star is positioning itself as a noteworthy player in the critical minerals space. The company’s latest moves reflect a clear focus on high-potential exploration, strategic project locations, and capital planning for long-term sustainability.

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