GoviEx reaches debt scrapping, working interest agreement with Niger
TSX-V-listed GoviEx Uranium has entered into definitive agreements with the Niger government to finalise the commercial terms to progress the company’s flagship Madaouela uranium project.
GoviEx currently has testwork under way targeting reduced operating and capital costs within the project economics, which will be contained in a feasibility study.
The key commercial terms covered by the signed definitive agreements between Niger and the company include that a Nigerien operating company – Compagnie Minière Madaouela – will be established.
The State will receive a 10% free-carried interest in the capital of the company.
Niger will also receive an additional working interest of 10%, in exchange for about $14.5-million of claims due by GoviEx to the State, comprised of a final €7-million mining permit acquisition payment and settlement of previously challenged three years of area taxes to the value of $6.6-million.
GoviEx will receive a release from the debt upon the transfer of the additional working interest.
It will also be issued new nine-year exploration permits for the areas previously covered by Madaouela 2, 3 and 4 and the Anou Mélé exploration permits, as well as have the Eralrar exploration permit renewed.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation