Mantra launches Uranium Pilot Processing Plant in Tanzania
The President of the United Republic of Tanzania, Dr Samia Suluhu Hassan, and the President of Uranium One, Mr Pavel Andreevich Larionov, unveil a plaque to mark the inauguration of Mantra Tanzania Limited’s Uranium Processing Pilot Plant located in Namtumbo District, Ruvuma Region, on July 30, 2025.
The project, owned by Mantra Tanzania Limited, is valued at approximately USD 1.2 billion. It is expected to create over 4,500 jobs, while the government will benefit over hundreds of million USD through taxes, royalties, dividends, and its 20% ownership stake
