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GoviEx Uranium, the Africa-focused uranium company, continues to de-risk its large resource base

Last updated: 10:45 18 Mar 2024 EDT, First published: 16:30 22 Nov 2023 EST

Snapshot

  • GoviEx Uranium begins engineering design at Madaouela
  • GoviEx Uranium advances in Niger and Zambia amid rising uranium prices
GoviEx Uranium -

About the company

GoviEx Uranium Inc is a mineral resource company focused on the exploration and development of uranium properties in Africa.

With a substantial resource inventory, GoviEx's main objective is to become a major uranium supplier by exploring and developing its key projects: the Madaouela Project in Niger and the Muntanga Project in Zambia, both of which are forecast to be in production in this uranium cycle.

How it is doing

18 Mar 2024

GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) said it has started drafting engineering designs at its Madaouela uranium project in Niger.

The company has appointed SGS Bateman to begin front-end engineering designs, while also initiating initial ground works, including the construction of an access road, with plans for comprehensive site clearance, terracing, and initial civil engineering construction to follow.

Vancouver-based GoviEx believes Madaouela holds immense economic potential for Niger, with an expected initial capital expenditure of US$343 million. Furthermore, it is poised to generate significant employment opportunities, potentially creating up to 800 jobs over its projected 20-year mine life.

Madaouela boasts one of the largest uranium resources in its peer group, with measured and indicated mineral resources of 96.9 million pounds of U3O8, alongside inferred resources of 19.6 million pounds of U3O8.

06 Mar 2024

GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) is advancing two uranium projects, the Madaouela project in Niger and the Muntanga project in Zambia.

In conversation with Proactive at PDAC 2024, CEO Daniel Major spoke on recent milestones at both projects and its development plans. 

04 Mar 2024

GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) is poised to deliver investors a greater than 300% return as it ramps up its Madaouela mine in Niger and the market realizes the value of its Muntanga asset in Zambia, Eight Capital analysts believe.

The analysts initiated coverage on the Africa-focused uranium developer with a ‘Buy’ rating and a C$0.70 price target, implying a 324% upside from its current share price of C$0.17.

What management says

06 Mar 2024

 

GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) head of investor relations Isabel Vilela joins Proactive's Stephen Gunnion with more details of the due diligence process for debt financing of its Madaouela Uranium Project in Niger.

Vilela said SLR Consulting has been appointed by a prospective lender to conduct environmental and social due diligence for the project. The debt financing process is expected to take several months, during which GoviEx Uranium will continue advancing other project areas, including early-stage field work at Madaouela and discussions with off-takers.

GoviEx Uranium advances in Niger and Zambia amid rising uranium prices

  GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) head of investor relations Isabel Vilela joins Proactive's Stephen Gunnion with more details of the due diligence process for debt financing of its Madaouela Uranium Project in Niger. Vilela said SLR Consulting has been appointed by a...

1 week, 6 days ago