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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 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.


TSXV:GXU - Post by User

Comment by Born2Struggle2on Apr 24, 2023 3:00pm
125 Views
Post# 35410948

RE:Financing sign of a low?

RE:Financing sign of a low?So we were prepared for this - DM has stated in a few interviews previously that going to the market was required this year - I thought it would be later on in the year subsequent to completion of mine financing and announced off take agreements - you would think that the SP would be higher after those announcements? and we would suffer less dilution? DM has talked about a market re-rate after those announcements recently.

The timing makes me wonder what colour rabbit is going to be pulled from the hat. What don't we know?

Still waiting to hear about the letters of credit Daniel, what is going on? well managed but unable to keep to announced timelines.

Crazy Specultions by me...

For example, we decided to dilute now because the mine financing is not going to be acceptable/available and we are expecting further delays? In other words the SP is gonna fall some more?

Or maybe we have decided to re-evalute the mining method because a few km away Orano is investigating ISR, and we are gonna do the same? more delays.

A share consolidation is coming? A merger?

I don't know.

Still a believer in the future of the mines though, so far essentially no debt, large resource, PERMITTED is big, long lived and all kinds of future U to be founf on the exisitng claims.

GL2U

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