Zambia reinstates GoviEx’s Chirundu licence

The Zambian government has reinstated the mining licence for GoviEx Uranium’s (TSXV: GXU; US-OTC: GVXXF) Chirundu property, part of the junior’s Mutanga project.

The licence was cancelled in July 2020 and its reinstatement is subject to the completion of exploration and development milestones that will advance the licence towards a final feasibility study.

 “The Zambian Government has indicated its strategy to diversify its mining industry from the heavy weighting of base metals and advancing its long-term desire to include uranium and clean baseload nuclear power as part of its economic development plans,” Govind Friedland, the company’s executive chairman, said in a press release.”