State-owned Timersoi National Uranium Company (TNUC) has signed a cooperation agreement with Uranium One Group, a subsidiary of the Russian conglomerate Rosatom, aiming to relaunch exploration and exploitation of new uranium deposits. The agreement, signed on December 9, is part of Niger’s broader strategy to redefine its energy alliances following a political shift.
Under the terms of the agreement, the two entities commit to obtaining the necessary permits, conducting geological exploration on several promising sites, and ultimately opening new uranium mines in Niger. TNUC, created in September 2024 by Niger’s Council of Ministers, is becoming a key player in the country’s redefined mining partnerships.
Strengthened cooperation with Russia
TNUC Secretary General Issoufou Tsalhatou stated that Niger has ambitious plans to develop its mineral resources and is seeking collaboration with partners that have proven experience in managing mining projects. Uranium One President Pavel Larionov highlighted Niger’s geological potential, asserting that the project is backed by Rosatom’s advanced technologies.
This Russian-Nigerien rapprochement follows a clear break with former mining powers in the country. Since the military coup in July 2023, permits held by French company Orano at Imouraren and Canadian company GoviEx Uranium at Madaouela have been revoked.
Dasa project maintained despite uncertainty
Meanwhile, Toronto-based Global Atomic Corporation is continuing to develop the Dasa deposit, one of the country’s richest. The company’s leadership recently met with Nigerien authorities, including Mines Minister Ousmane Abarchi and Prime Minister Ali Lamine Zeine. The Prime Minister instructed government services to streamline administrative procedures and accelerate import logistics related to the project.
Global Atomic is still working to finalise a financing agreement with a US development bank. The company reports that the next approval steps are expected within the next two months. An alternative solution is also being explored with the Canadian government in the form of a minority equity stake in the operating entity, Société des Mines de Dasa (SOMIDA), 20% owned by the Nigerien state.
Shipment timeline postponed
Despite a symbolic ground-breaking ceremony at Dasa in November 2022, production start has already been pushed to the second half of 2027. Global Atomic President and CEO Stephen Roman acknowledged that first uranium shipments may be delayed until 2028 due to financing and logistical challenges.
