Daniel Major, CEO of GoviEx Uranium, shares the future plans of this African uranium company.
My background, I’m a mining engineer. Started working in Southern Africa in uranium, I then moved into platinum, I’ve done molybdenum, I’ve done manganese, I’ve done South America, I’ve done North America, I’ve done open pit, I’ve done underground. GoviEx has two permitted uranium projects in Africa, one of the largest uranium resource packages.
Two of our projects are permitted, the main one in Niger, Madaouela, is planning to be in production by 2020, has all of its permits in place and we’re starting to build the offtake package to go with that as well.
Uranium market has seen a real change this year. Last year was all about pressure on the price but we’ve seen a lot of those pressure points being removed. The key one, Kazakhstan announcing a 10% cut in its production. We’re seeing long-term contracts needing to be filled. These are the pressure points that needed to be removed. Now, we’re starting to see the price rise. Our position is to be in production when that gaps opens up. We don’t have to be permitting our projects, we’re ready to build them.
We’ve worked very hard to put these projects into this position, ready. We’ve always believed that the uranium market will turn, the fundamentals were so strong for it. And now, all those pieces are in place ready for us to grow with the growing uranium market.
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