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Goviex Uranium Inc V.GXU

Alternate Symbol(s):  GVXXF

GoviEx Uranium Inc. is a Canada-based mineral resource company. The Company is focused on the exploration and development of uranium properties in Africa. The Company’s flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali. The Madaouela Project is located approximately 10 kilometers (km) south of Arlit, and Areva’s mining subsidiaries of Cominak and Somair, in north central Niger. The Mutanga Project is located approximately 200 km south of Lusaka, immediately north of Lake Kariba, at elevations of 500 meters to 960 meters. The Falea Project is located within the Falea-North Guinea-Senegal Neoproterozoic Basin. The Falea Project is comprised of three licenses, such as Bala, Madini and Falea. The Falea polymetallic (uranium, silver, and copper) deposit is located in Mali, West Africa, approximately 350 km west of Bamako, the capital of Mali, and approximately 240 km south of the city of Kayes.


TSXV:GXU - Post by User

Post by tictactoe111on May 10, 2024 3:40pm
141 Views
Post# 36034304

The future of Goviex in Niger

The future of Goviex in NigerFirstly Goviex is sat on one of the largest uranium deposits in the world and I think we have a situation where Niger are saying you've sat on it long enough so get the hell on with building the mine. Obviously finance is the issue given the amount of coups that go on but whoever sits in government desperately wants the significant revenues that it would throw off. It strikes me that the US and €urope are rapidly losing influence in the African continent as a whole so it wouldn't surprise me if either Russian or Chinese money steps in and enables Goviex the finance to build this mine. China especially are all over Africa financing roads, bridges, ports and investing in infrastructure. If it was a gold mine I would be far more concerned of confiscation but uranium mining is specialist and we have very well connected investors and management.

Obviously a risk, hence the shareprice in the toilet currently but I think we'll get confirmation of both financing and an official start date before long which will be music to the ears of both the Nigerien ruling party 'for that week' and investors. I don't see any side being daft enough to let one of the worlds largest uranium deposits sit idle, especially with increasing tightness in the market that looks as though it can only get progressively worse.
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