Daniel Major, CEO of GoviEx Uranium, speaks on the company’s three African uranium projects.
Why uranium? Uranium is one of the cleanest energy sources but most importantly it’s a base load clean energy source. It’s there 24 hours a day, it produces no carbon dioxide at all, it’s the simplest and best way to guarantee solid base load energy that’s clean. GoviEx is three projects, three African countries over two hundred and eight million pounds of uranium in the ground making us one of the largest resource holders. Two of those projects are already permitted which is an extremely difficult thing to achieve in our industry and we’re very focused on the development of our projects into the uranium cycle so that we go into cash flow rather than just remaining a developer. We’re seeing supply gradually decrease you need a higher price to incentivize that production to come on more importantly you’re starting to see the unwind of the long-term contracts that are in place. As they unwind they’re going to want higher prices to be able to replace their resources going forward. But more importantly now, we’re starting to see that the shelf come off of supply declining going forward. We’ve done a lot of work on that side of the market on the supply side it’s very clear that we’re going to need well over $60 uranium to be it for the supply side to meet what the demand side is predicting. That’s important to GoviEx because we can get both of our projects away between fifty and sixty dollars more importantly, both of them are already permitted.
GoviEx is a mineral resource company focused on the exploration and development of its African uranium properties. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its Mine Permitted Madaouela Project in Niger and its Mine Permitted Mutanga Project in Zambia and Falea Project in Mali. GoviEx controls one of the largest uranium resource bases among publicly listed companies, with combined National Instrument 43-101 (“NI 43-101”) Measured & Indicated resources of 124.29 Mlbs U3O8, plus Inferred resources of 73.11 Mlbs U3O8.
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