Daniel Major, CEO of GoviEx Uranium speaks about the company’s two uranium projects in Africa.
GoviEx is sitting with two uranium projects in Africa with all-in costs under 37 dollars a pound. We’re a development target, we have two projects they’re ready to be built and operating as soon as we see an improvement in the uranium market. The demand side continues to look very robust we’ve been waiting for the supply side to tighten up. We expect the uranium price to recover through 2018. The one thing we have seen is the number of countries that have been moving to renewables. Despite the over trillion dollars in renewables, co2 emissions have been increasing year-on-year. The only clean energy to beat co2 is nuclear. If you look at the French, they tend to recycle a lot of the uranium in the US that doesn’t occur but on containment and the volumes are relatively small, your ability to store it is well understood. We have a 360 million dollar capital budget for our Madaouela project. We’re looking at 240 of that being debt; we have five banks and two etas who provided expressions of interest to cover that subject the DFS being completed. My analogy to investors is you can either be driving the car, out there with the cash flow or you can have your car parked in the garage. We are ready to drive.
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, its mine-permitted Mutanga Project in Zambia, and its Falea Project in Mali.
• Strong shareholder base, including Denison Mines, Ivanhoe Industries, Toshiba Corporation, and Cameco Corporation.
• A growing, Africa-focused uranium company with a robust project development pipeline and jurisdictional diversification.
• One of the largest NI 43-101 uranium resource bases in combination amongst its peer group, with combined Measured Resources of 36.2 Mlbs U3O8, Indicated Resources of 107.3 Mlbs U3O8, and Inferred Resources of 86.0 Mlbs U3O8.
• Considerable exploration potential to further increase mineral resources, with several drill-ready targets defined at each property.
• Mining permits granted in Niger and Zambia, both recognized mining countries with good infrastructure and long mining histories.
• Significant metallurgical test work and engineering studies completed on its three principal development assets, providing GoviEx with an opportunity to build a strong development pipeline.
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