Canadian Mining Journal

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GoviEx prepares Madaouela for higher uranium prices



GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) received the permits needed to build its flagship Madaouela project in Niger three years ago, but lagging uranium prices have kept development in check.

In the meantime, the Vancouver-based junior has been optimizing the project as part of a definitive feasibility study, talking with potential off-takers and financiers, and putting together a framework agreement with the government of Niger, which could be ready by the end of June.

The framework would see the Niger government take a 10% working interest in the project, in addition to its 10% free-carried interest under the country’s 2006 mining code.

Continue reading at The Northern Miner.


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