Goviex Uranium - GVXXF STOCK NEWS

GoviEx Uranium has received a radiological certificate from the Nigerien Government for its Madaouela uranium project. This regulatory milestone confirms the completion of radiological baseline studies, enabling the start of mining operations.

The project will require an initial capital expenditure of $343 million and is expected to create up to 800 jobs over its 20-year lifespan. Additionally, it will contribute substantial royalties and taxes to the Nigerien Government, which has a 20% stake in the local company COMIMA SA set up for the project.

The information has been verified by GoviEx's Chief Geologist, Jerome Randabel, as per Canadian NI 43-101 standards.

GoviEx Uranium, a mineral resource company focusing on uranium exploration in Africa, has announced the voluntary filing of its Annual Information Form (AIF) for the year ended December 31, 2023. This follows the earlier submission of its audited consolidated financial statements and management's discussion and analysis for the same period. The documents are accessible on the company's website and SEDAR+ platform. The TSX Venture Exchange and its regulation services provider have not reviewed or accepted responsibility for the adequacy or accuracy of the release.

GoviEx Uranium Inc. recently welcomed Niger's Mines Minister to its Madaouela uranium project, showcasing commitment to transparency and engagement with government officials. The visit, part of broader inspections in the region, highlighted ongoing ground works, mine plans, and CSR initiatives. While the outcome of discussions for commencing exploitation remains uncertain, GoviEx aims for a mutually beneficial solution. The Madaouela Project signifies a substantial investment in Niger's economy, with an initial capital expenditure of USD 343 million and potential job creation for up to 800 individuals over 20 years.

GoviEx Uranium Inc. is engaged in discussions with the Government of Niger regarding the commencement of its mining operations at the Madaouela uranium project. The company must start mining by July 3, 2024, to avoid the risk of permit revocation. GoviEx is working towards a mutually beneficial solution with the Nigerien government while exploring investment options to expedite project development. The company has made significant progress in advancing the project, securing potential financing, and creating employment opportunities in Niger. GoviEx remains committed to the country and its stakeholders, aiming to ensure the successful development of the Madaouela Project.

GoviEx Uranium Inc. announces progress at its Madaouela Uranium Project in Niger, with the commencement of Front-End Engineering Designs and ground works. The project has an initial capital expenditure of USD 343 million and aims to create up to 800 jobs over its 20-year mine life. The company is monitoring the Niger-US military arrangements and exploring financing options. GoviEx's Madaouela Project holds 96.9 million pounds of U3O8 in measured and indicated mineral resources.

GoviEx Uranium Inc. is a leading player in the uranium exploration sector, with key projects in Niger and Zambia. The company is advancing towards construction at the Madaouela Project in Niger and completing the feasibility study at the Mutanga Project in Zambia. GoviEx's focus on sustainable development and strategic positioning in Africa aligns with the increasing global demand for nuclear energy, particularly from Far East Asia.

GoviEx Uranium Inc. appoints SLR Consulting for lender due diligence for the Madaouela Uranium Project, with expressions of interest exceeding USD 200 million. The company engages with various institutions for project financing, emphasizing compliance with regulations and international standards. CEO Daniel Major highlights the project's potential, economic viability, and commitment to socio-economic development in Niger.

GoviEx Uranium Inc. addresses recent misconceptions in the press regarding an alleged audit of the mining sector in the Republic of Niger. The company confirms that the audit is specific to the gold sector and does not impact GoviEx. GoviEx maintains necessary permits for its operations in Niger and has a strong partnership with the government, reflected in their 20% interest in the Company's Madaouela Project.

GoviEx Uranium Inc. experienced a successful year in 2023, with a 91% increase in spot uranium prices and a strong focus on sustainability and governance. Despite challenges in Niger due to a military coup, the company remains optimistic about its projects in Zambia and is committed to environmental and social responsibility. The company also welcomed a new ESG specialist to its Board of Directors and completed a successful bought deal offering, providing capital for further exploration and development activities.