TSX-V-listed GoviEx Uranium has appointed SGS Bateman to undertake the front-end engineering design (FEED) for the Madaouela mine, in Niger.
The project is also moving forward with initial ground works, including the construction of an access road, which will be followed by comprehensive site clearance and terracing, and then initial civil engineering construction.
“While we continue to monitor the current political situation in Niger, I am really pleased to start the development of [the FEED contract], as well as the initial ground works at Madaouela.
"This project is more than an investment in uranium; it's an investment in the future of Niger, aiming to bring economic benefits and develop local talent that will serve the nation for years to come. With two projects in development, we are uniquely positioned to benefit from the current uranium market," comments GoviEx CEO Daniel Major.
GoviEx will invest an initial $343-million on the construction of Madaouela, which is expected to create up to 800 jobs over its 20-year mine life.