Madison Metals Insider Buying Reflects Strong Confidence
Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) announces that Executive Chairman and CEO Duane Parnham has increased his position in the Company by 35% year to date. This increase was achieved through open market purchases and private placements, at an average cost of CDN$0.33 per share. The company highlights its recent granting of a mining licence and its goal to fast-track production, accelerating its path to cash flow while managing dilution.
Madison Metals positions itself as one of the few companies with a mining licence to extract nuclear fuels in a world-class jurisdiction. The company emphasizes its potential for low estimated capital and operating expenses, simplified operations, and a quick path to free cash flow. Mr. Parnham's stock purchases are stated to be for investment purposes only, with the possibility of future position changes based on market conditions.
Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) annuncia che il Presidente Esecutivo e CEO Duane Parnham ha aumentato la sua partecipazione nella società del 35% dall'inizio dell'anno. Questo aumento è stato realizzato attraverso acquisti sul mercato aperto e collocamenti privati, a un costo medio di CDN$0.33 per azione. L'azienda mette in evidenza il recente ottenimento di una licenza mineraria e il suo obiettivo di accelerare la produzione, facilitando il percorso verso il flusso di cassa, gestendo nel contempo la diluizione.
Madison Metals si posiziona come una delle poche aziende con una licenza mineraria per estrarre combustibili nucleari in una giurisdizione di classe mondiale. L'azienda sottolinea il suo potenziale per spese di capitale e operative stimate basse, operazioni semplificate e un percorso rapido verso il flusso di cassa disponibile. Gli acquisti di azioni del signor Parnham sono dichiarati essere a scopo di investimento, con la possibilità di future variazioni di posizione in base alle condizioni di mercato.
Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) anuncia que el Presidente Ejecutivo y CEO Duane Parnham ha . Este aumento se logró a través de compras en el mercado abierto y colocaciones privadas, a un costo promedio de CDN$0.33 por acción. La empresa destaca su reciente obtención de una licencia minera y su objetivo de acelerar la producción, acelerando su camino hacia el flujo de efectivo mientras gestiona la dilución.
Madison Metals se posiciona como una de las pocas empresas con una licencia minera para extraer combustibles nucleares en una jurisdicción de clase mundial. La empresa enfatiza su potencial para bajos gastos de capital y operativos estimados, operaciones simplificadas y un camino rápido hacia el flujo de efectivo libre. Las compras de acciones del Sr. Parnham se declaran realizadas solo con fines de inversión, con la posibilidad de futuros cambios de posición basados en las condiciones del mercado.
매디슨 메탈스 Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0)는 이사회의 의장 및 CEO인 듀안 파르남이 올해 들어 회사에서의 지분을 35% 증가시켰다고 발표했습니다. 이 증가는 시중에서의 구매와 사모펀드를 통해 이루어졌으며, 평균 주당 비용은 CDN$0.33입니다. 회사는 최근 채굴 허가증을 취득한 것과 생산을 신속하게 진행하여 현금 흐름을 가속하고 희석을 관리하는 목표를 강조합니다.
매디슨 메탈스는 세계적 수준의 관할 구역에서 핵연료를 채굴할 수 있는 허가증을 보유한 몇 안 되는 기업 중 하나로 자신을 포지셔닝합니다. 회사는 낮은 추정 자본과 운영 비용, 간소화된 운영 및 자유 현금 흐름으로의 빠른 경로를 강조합니다. 파르남 씨의 주식 구매는 오로지 투자 목적이라고 하며, 시장 조건에 따라 향후 지분 변동 가능성이 있습니다.
Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) annonce que le Président Exécutif et PDG Duane Parnham a augmenté sa participation dans l'entreprise de 35 % depuis le début de l'année. Cette augmentation a été réalisée par le biais d'achats sur le marché ouvert et de placements privés, à un coût moyen de CDN$0.33 par action. L'entreprise met en avant l'octroi récent d'une licence minière et son objectif d'accélérer la production, facilitant ainsi son chemin vers le flux de trésorerie tout en gérant la dilution.
Madison Metals se positionne comme l'une des rares entreprises disposant d'une licence minière pour extraire des combustibles nucléaires dans une juridiction de classe mondiale. L'entreprise souligne son potentiel pour des coûts d'investissement et d'exploitation estimés bas, des opérations simplifiées et un chemin rapide vers le flux de trésorerie disponible. Les achats d'actions de M. Parnham sont déclarés être uniquement à des fins d'investissement, avec la possibilité de futurs changements de position en fonction des conditions du marché.
Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) gibt bekannt, dass der Executive Chairman und CEO Duane Parnham seine Beteiligung am Unternehmen im laufenden Jahr um 35% erhöht hat. Diese Erhöhung wurde durch Käufe am offenen Markt und Privatplatzierungen erreicht, bei einem durchschnittlichen Preis von CDN$0.33 pro Aktie. Das Unternehmen hebt die jüngste Erteilung einer Bergbaulizenz hervor und verfolgt das Ziel, die Produktion zu beschleunigen, was den Weg zu Cashflow erleichtert, während gleichzeitig eine Verwässerung verwaltet wird.
Madison Metals positioniert sich als eines der wenigen Unternehmen mit einer Bergbaulizenz zur Gewinnung von Nuklearbrennstoffen in einer erstklassigen Gerichtsbarkeit. Das Unternehmen betont sein Potenzial für niedrige geschätzte Kapital- und Betriebskosten, vereinfachte Abläufe und einen schnellen Weg zum freien Cashflow. Der Aktienkauf von Herrn Parnham soll ausschließlich zu Investitionszwecken dienen, wobei zukünftige Positionsänderungen in Abhängigkeit von den Marktbedingungen möglich sind.
- Executive Chairman and CEO increased his position in the company by 35% year to date
- Company recently granted a mining licence
- Accelerating path to cash flow while managing dilution
- One of few companies with a mining licence to extract nuclear fuels in a world-class jurisdiction
- Potential for low estimated capital and operating expenses
- None.
TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) announces that Executive Chairman and CEO Duane Parnham has increased his position in the Company by
“Madison's management continues delivering on its business strategy of delivering technical excellence from our new high-grade discovery and goal to fast-track production. With the recent granting of a mining licence, we are accelerating our path to cash flow while managing dilution directly benefiting shareholder value,” said Mr. Parnham.
Madison Metals is one of the few companies with a mining licence to extract nuclear fuels in a world-class jurisdiction, benefiting its enterprise value from low estimated capital and operating expenses, simplified operations, and a quick path to free cash flow. Mr. Parnham's stock purchases are for investment purposes only, and he may increase or decrease his position as market conditions dictate.
About Madison Metals Inc.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is an upstream mining and exploration company focused on critical metals, led by 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 percentage has Madison Metals' CEO increased his position in the company by in 2024?
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