03:55:32 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



GoviEX Uranium Inc
Symbol GXU
Shares Issued 812,650,190
Close 2024-06-06 C$ 0.09
Market Cap C$ 73,138,517
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GoviEX receives radiological certificate for Madaouela

2024-06-06 16:25 ET - News Release

Ms. Isabel Vilela reports

GOVIEX RECEIVES RADIOLOGICAL CERTIFICATE FOR ITS MADAOUELA PROJECT

GoviEX Uranium Inc. has received its radiological certificate for the Madaouela uranium project from the Nigerien government.

The radiological certificate is a regulatory requirement prior to starting mining operations and confirms the completion of radiological baseline studies.

The Madaouela project is anticipated to have a significant positive effect on the Nigerien economy, with a proposed initial capital expenditure of $343-million (U.S.), and is expected to generate considerable employment opportunities for the local population with the potential of creating up to 800 skilled and semi-skilled jobs over its forecast 20-year mine life. The Madaouela project is also expected to contribute substantial royalty payments and taxes to the Nigerien government, which holds a 20-per-cent stake in Comima SA, the Nigerien company set up to develop the project.

Qualified person statement

The scientific and technical information in this release has been reviewed, verified and approved by Jerome Randabel, MAIG, chief geologist of the company, a qualified person as defined in Canadian National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About GoviEX Uranium Inc.

GoviEX is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEX's principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Madaouela project in Niger and its mine-permitted Muntanga project in Zambia.

We seek Safe Harbor.

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