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GoviEx receives radiological certificate for Madaouela project

7th June 2024

By: Sabrina Jardim

Senior Online Writer

     

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TSX-V-listed GoviEx Uranium 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 company says the Madaouela project is expected to have a significant positive effect on the Nigerien economy, with a proposed initial capital expenditure of $343-million.

The project is expected to create 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% stake in COMIMA SA, the Nigerien company set up to develop the project.

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa.

Its principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Madaouela project, as well as its mine-permitted Muntanga project, in Zambia.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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