Madison Metals Granted Nuclear Fuels Licence For Khan Uranium Project in Namibia, Africa
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) has been granted permission for nuclear fuels extraction by the Ministry of Mines and Energy of Namibia for its active Mining Licence 86A (ML-86A). This licence covers the Madison West area, which includes the past-producing Khan Copper Mine and recent high-grade uranium intrusions discovery.
CEO Duane Parnham expressed gratitude to the Namibian government for their support and to their Namibian partners for their collaboration in fast-tracking the Khan project back into production. The company remains focused on delivering shareholder value and advancing uranium assets while exploring opportunities in base, precious, and critical metals.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) ha ricevuto l'autorizzazione per l'estrazione di combustibili nucleari dal Ministero delle Miniere e dell'Energia della Namibia per la sua Licenza Mineraria attiva 86A (ML-86A). Questa licenza copre l'area di Madison West, che include la miniera di rame Khan già in produzione in passato e la recente scoperta di intrusioni uranifere ad alto grado.
Il CEO Duane Parnham ha espresso gratitudine al governo namibiano per il loro sostegno e ai partner namibiani per la loro collaborazione nel riportare rapidamente il progetto Khan in produzione. L'azienda rimane concentrata su fornire valore agli azionisti e nel promuovere le attività uranifere, esplorando anche opportunità in metalli di base, preziosi e critici.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) ha recibido permiso para la extracción de combustibles nucleares por parte del Ministerio de Minas y Energía de Namibia para su Licencia de Minería activa 86A (ML-86A). Esta licencia abarca el área de Madison West, que incluye la mina de cobre Khan, que ha producido en el pasado, y el reciente descubrimiento de intrusiones de uranio de alto grado.
El CEO Duane Parnham expresó su agradecimiento al gobierno namibio por su apoyo y a sus socios namibios por su colaboración para acelerar el regreso del proyecto Khan a producción. La empresa se mantiene enfocada en ofrecer valor a los accionistas y en avanzar en activos de uranio, mientras explora oportunidades en metales básicos, preciosos y críticos.
매디슨 메탈스 Inc. (CSE: GREN) (OTCQB: MMTLF)는 나미비아 광업 및 에너지부로부터 핵 연료 추출 허가를 받았습니다. 이 회사는 활성 광산 허가증 86A (ML-86A)를 소지하고 있습니다. 이 허가는 매디슨 웨스트 지역를 포함하며, 여기에는 과거에 생산된 칸 구리 광산과 최근 발견된 고등급 우라늄 침투체가 포함됩니다.
CEO 듀안 파르넘은 나미비아 정부와 그들의 파트너들에게 프로젝트 칸을 다시 가동시키기 위한 협력에 감사의 뜻을 표했습니다. 회사는 주주 가치를 제공하는 것과 우라늄 자산을 발전시키는 데 집중하며, 기초 및 귀금속, 그리고 중요 금속에 대한 기회를 모색하고 있습니다.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) a obtenu l'autorisation pour l'extraction de combustibles nucléaires du Ministère des Mines et de l'Énergie de Namibie pour sa Licence Minérale active 86A (ML-86A). Cette licence couvre la région de Madison West, qui inclut la mine de cuivre Khan ayant déjà produit dans le passé et la récente découverte de raffinements d'uranium de haute qualité.
Le PDG Duane Parnham a exprimé sa gratitude au gouvernement namibien pour leur soutien et à leurs partenaires namibiens pour leur collaboration dans l'accélération de la remise en production du projet Khan. L'entreprise reste axée sur la création de valeur pour les actionnaires et le développement des actifs en uranium, tout en explorant des opportunités dans les métaux de base, précieux et critiques.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) hat vom Ministerium für Bergbau und Energie Namibias die Genehmigung zur Förderung von Kernbrennstoffen für seine aktive Bergbaulizenz 86A (ML-86A) erhalten. Diese Lizenz umfasst das Gebiet Madison West, das die früher produzierende Khan Kupfermine und die kürzliche Entdeckung von hochgradigen Uraninvasionen umfasst.
CEO Duane Parnham äußerte seinen Dank an die namibische Regierung für deren Unterstützung und an die namibischen Partner für deren Zusammenarbeit, um das Projekt Khan schnell wieder in Produktion zu bringen. Das Unternehmen bleibt darauf fokussiert, Wert für die Aktionäre zu schaffen und Uranressourcen voranzutreiben, während es gleichzeitig Chancen in der Basis-, Edel- und kritischen Metallwirtschaft erkundet.
- Granted permission for nuclear fuels extraction in Namibia
- Licence covers area with past-producing mine and recent high-grade uranium discovery
- Government support for mining projects, enhancing investor confidence
- Progress towards fast-tracking the Khan project back into production
- None.
TORONTO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that the Ministry of Mines and Energy of Namibia has granted permission for nuclear fuels extraction to the Company’s active Mining Licence 86A (“ML-86A”), the same licence within Madison West that hosts the past-producing Khan Copper Mine and the recent discovery of high-grade uranium intrusions.
"I wish to extend my sincere gratitude to the Government of Namibia for supporting mining projects for the benefit of their citizens in a calculated and sustainable manner that provides further confidence to foreign investors,” said Duane Parnham, Executive Chairman and CEO for Madison. “On behalf of the Madison team, once again, I would like to offer heartfelt thanks to our Namibian partners for their professionalism, friendship, and unwavering support as we work together to systematically fast-track the Khan project back into production.”
Madison Metals remains dedicated to its mission of delivering value to shareholders and advancing world-class uranium assets while exploring complementary opportunities in base, precious, and critical metals.
The letter from the Ministry of Mines and Energy of Namibia granting permission for nuclear fuels extraction at ML-86A was dated August 1, 2024 and received by the Company on the afternoon of August 9, 2024.
About Madison Metals Inc.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada. With over 50 years of mining experience, including 22 years in Namibia, its management team has geological and financial expertise and a track record of creating shareholder value.
Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s SEDAR+ profile at www.sedarplus.ca.
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 (416) 489-0092
ir@madisonmetals.ca
Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com
Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the proposed future exploration and drilling by Madison.
Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future.
Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others: the global economic climate; competition; labour shortages, and unanticipated expenses of the Company. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: failure of the Company or its contractual partners to fulfil their respective obligations under agreements; unanticipated delays in drilling as described in this press release; the impact the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; accidents, labour disputes and shortages; environmental risks; and other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities that are available on the Company’s SEDAR+ profile page at www.sedarplus.ca. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
FAQ
What permission has Madison Metals (MMTLF) received from the Namibian government?
When did Madison Metals (MMTLF) receive the nuclear fuels extraction permission for the Khan project?
What significant features are included in Madison Metals' (MMTLF) Mining Licence 86A in Namibia?
What is Madison Metals' (MMTLF) current focus regarding the Khan project in Namibia?
