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Madison Metals Inc C.GREN

Alternate Symbol(s):  MMTLF

Madison Metals Inc. is a Canada-based upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada. The Company is engaged in the business of exploring and developing mineral properties. The Company’s exploration and evaluation assets comprise properties located in Kenora, Ontario (the Kenora Uranium Project) and Erongo Province, Namibia, Africa (the Rossing Project). The Company owns a 100% interest in the Richards Lake Uranium Project located around Kenora, Ontario. The Rossing North Uranium Project is located in the Erongo Province, Namibia, Africa. It owns an 85% undivided interest in Exclusive Prospecting Licenses (EPL) 8531 and 8115. These licenses are located in Erongo Uranium Province of Namibia, Africa, where Madison holds rights to EPL-7011 (85% interest). EPL-8531 is located approximately 50 kilometers (km) west of the Rossing Uranium Mine. EPL-8115 is located about 18 km southwest of the Rossing Uranium Mine.


CSE:GREN - Post by User

Madison Metals Inc
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(1991)
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Post by Betteryear2on Jun 01, 2023 2:49pm
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Post# 35475454

Madison Metals Signs Multi-Year Uranium Forward Sales Agr.

Madison Metals Signs Multi-Year Uranium Forward Sales Agr.TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce the signing on May 30, 2023 of a multi-year uranium forward sales agreement with an international banking organization (“IBO”). The ten-year supply agreement provides for the commitment and delivery of the first 20 million pounds of U3O8 from Madison’s in the ground resources. The IBO will facilitate market trades at a price to be determined at the time of transaction and within the context of the market. The sales floor for transactions will be set at USD$45 per pound of U3O8. 50% of the proceeds will be credited to Madison and the Company will provide quarterly updates on sales figures.

Madison Metals Signs Multi-Year Uranium Forward Sales (globenewswire.com)
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