ASX-listed Atomic Eagle has secured two critical regulatory approvals for its Muntanga uranium project in Zambia, significantly de-risking the pathway toward potential development.

The company received Environmental and Social Impact Assessment (ESIA) approval from the Zambia Environmental Management Agency (ZEMA) and a "no objection" approval for its Resettlement Action Plan (RAP) from the Office of the Vice President's Resettlement Division.

The approvals confirm that the project's environmental and social impacts have been assessed and accepted by regulators, and that a resettlement framework aligned with International Finance Corporation Performance Standards is in place.

The ESIA was submitted on September 22, 2025, and approved on June 4, 2026, following technical review, stakeholder consultation, and site inspections. It is valid for three years and covers open-pit mining and heap leach processing at the Muntanga and Dibbwi East deposits. The RAP is valid for 18 months.

"Securing both the ESIA and RAP approvals marks a major step forward for the Muntanga project, significantly derisking the pathway towards eventual development," said CEO Phil Hoskins. He added that this "reinforces Zambia's support for responsible uranium development and its attractiveness as a mining jurisdiction."

Despite securing these permits, the company emphasizes that construction is not the current priority. Atomic Eagle remains focused on expanding the resource base through ongoing drilling to support a larger-scale operation before any development decision. The project holds 58.8 million pounds of contained U₃O₈ across seven deposits.

With the key permits in place, Muntanga is positioned as a development-ready asset in a uranium market facing an expected supply deficit.