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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

Post by tictactoe111on May 10, 2024 3:40pm
294 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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