Goviex Uranium Inc V.GXU

Alternate Symbol(s): GVXXF

Energy

GoviEx Uranium Inc. is a Canada-based mineral resource company. The Company is focused on exploring and developing its 100%-owned Muntanga uranium project in Zambia. The Muntanga Project comprises three mining licenses and three exploration licenses with a total combined area of 1,225.9 square kilometers (km2). The three mining licenses include Muntanga, Dibbwi and Chirundu, encompassing 720.5 km2. The Chirundu mining license, which includes the Njame (north and south) and Gwabi uranium deposits, as well as the Kariba Valley (Chisebuka) exploration license. The Muntanga Project contains Measured and Indicated Mineral Resources of approximately 42.6 million tonnes at an average grade of 359 ppm U3O8, containing 33.7 million pounds of U3O8, and an Inferred Mineral Resource of 15.0 million tonnes at an average grade of 330 ppm U3O8, containing 10.9 million pounds of U3O8 in five deposits (Muntanga, Dibbwi East, Dibbwi, Gwabi, and Njame), located over 65 km strike.

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Goviex Uranium Inc > GXU is up 104% since we initiated coverage in August 2021

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Comment by blackwolf25on May 04, 2022 11:52am

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Post# 34655233

RE:GXU is up 104% since we initiated coverage in August 2021

not anymore it isnt

quote=Investorsnews]

GoviEx is simultaneously advancing three uranium projects in Niger, Zambia, and Mali.

• GXU is up 104% since we initiated coverage in August 2021.

• Uranium prices recently surpassed US$60/lb, and are up 105% YoY, and 59% since
Russia’s invasion of Ukraine.

• Analysts believe the uranium supply chain is highly vulnerable, and supply
disruptions are likely as the probability of a prolonged cold war between the West and
East is rising.

• GXU is trading at just $1.5/lb vs the sector average of $2.6/lb, and is one of the most undervalued uranium juniors in our list.

• Due to the vulnerable supply chain, we believe majors are likely to pursue M&A to secure long-term supply. GXU’s large portfolio and undervalued metrics make them a strong target.