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GoviEx Uranium to be included in index composition of Global X Uranium ETF

The Global X Uranium ETF tracks the Solactive Global Uranium & Nuclear Components Total Return Index

GoviEx Uranium - GoviEx Uranium Inc to join Solactive Global Uranium & Nuclear Components Total Return Index as well as the Global X Uranium ETF
GoviEx is already included in the index composition for the North Shore Global Uranium Mining ETF

GoviEx Uranium Inc (CVE:GXU) (OTCMKTS:GVXXF) said Monday that as part of the balancing in the Solactive Global Uranium & Nuclear Components Total Return Index, its shares will be included in the index composition for the Global X Uranium ETF.

The Global X Uranium ETF tracks the index. GoviEx will also be included in the Solactive Global Uranium Pure-Play, effective February 1. 

GoviEx said it is already included in the index composition for the North Shore Global Uranium Mining ETF.

READ: GoviEx Uranium completes C$8 million private placement

"The inclusion of our shares in both of these key uranium and nuclear indices is a vote of confidence in our Company and our assets. With our recently completed financing, GoviEx is very well positioned for the continued advancement of our project pipline," said Executive Chairman Govind Friedland in a statement.

"The updated Pre-Feasibility Study for the Madaouela project in Niger is rapidly nearing completion and upon thorough review, will be released. In Mali we are working with International Drilling to ramp up a 6,000 metre air-core drilling program expected to commence this coming week. Our team of geologists are targeting near-surface gold-bearing structures that are along strike of the Siribaya trend at the company's Madini permit which forms part of the Falea Project.” 

Frieldland added: "In addition to the gold targets, Falea remains a very exciting uranium silver copper exploration play with known resources that while currently are considered unconformity type deposit have potential for IOCG style mineralization. In Zambia, we received the renewal of the Kariba Valley exploration permit as well as initial positive feedback from the Minister of Mines with regards to the Chirundu mining licence. The company will report further details when available.”

In an off-market transaction, the company said that Robert Friedland increased his shareholding in GoviEx to over 18 million shares, which represents over 3% of GoviEx's current issued and outstanding Class A common shares — which is in line with his increasing investment in clean energy and the associated technologies.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Quick facts: GoviEx Uranium

Price: 0.28 CAD

TSX-V:GXU
Market: TSX-V
Market Cap: $141.92 m
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GoviEx Uranium releases updated Pre-Feasibility Study showing reduced...

GoviEx Uranium (CVE: GXU- OTCQB: GVXXF) CEO Daniel Major joined Steve Darling from Proactive to share news the company has released an updated Pre-Feasibility Study with a dramatic reduction in operating and capital costs on their Madaouela Uranium Project. Major telling Proactive in this...

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