- Madison Metals (GREN) and an arm’s length vendor have mutually agreed to extend the closing of the Khan Project
- Khan covers Mining Licence 86A and Exclusive Prospecting Licence 8905 in Namibia
- Together, they form a contiguous land package of 7.86 km2 immediately southwest of the Rössing Mine
- Madison Metals Inc. (GREN) opened trading at $0.38 per share
Madison Metals (GREN) and an arm’s length vendor have mutually agreed to extend the closing of the Khan Project.
Khan covers Mining Licence 86A and Exclusive Prospecting Licence 8905 in Namibia. ML86A and EPL-8905 are key licences to expand Madison’s land holdings around producing uranium mines in the province of Erongo. Together, they form a contiguous land package of 7.86 km2 immediately southwest of the Rössing Mine.
The company’s Executive Chairman and CEO, Duane Parnham called the results from the initial ground prospecting survey “extremely encouraging” and will be released once all the data has been fully analyzed.
Madison has made advanced payments of US$125,000 towards the final closing price of the Khan Project transaction.
Madison Metals Inc. is an upstream mining and exploration company focused on uranium production in Namibia and Canada.
Madison Metals Inc. (GREN) opened trading at $0.38 per share.
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