GoviEx Uranium Inc

Financials:

Primary ticker: TSXV:GXU, OTCQX:GVXXF
Stage of development: Exploration, Development
Primary minerals: Uranium
Project to promote: Madaouela – Mine permitted uranium project in Niger, announces positive feasibility study results, on target to become a producing asset by 2025
Project location: Niger, Zambia and Mali (Africa)
Website: www.goviex.com

Corporate presentation: Click here

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. The company has a sizable resource inventory with over 143M lbs U3O8  in measured and indicated categories, and 86.9M lbs U3O8 in the inferred category. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Muntanga Project in Zambia, and its multi-element Falea Project in Mali. The company has completed its feasibility study for its main project in Niger, and is on track to start production in 2025, subject to project financing. 


Cash: 6.778M (as at Jun 30, 2022)
Debt: 5.812M (as at Jun 30, 2022)


Major shareholders:
Denison Mines – 5.5%
Other Shareholders – 81.5%
Insiders 13%

Management Profile

Daniel Major, Chief Executive Officer
Daniel Major is a mining engineer from the Camborne School of Mines in the UK. His career spans over 30 years in the mining industry where he has established a solid record of accomplishment initially with Rio Tinto at the Rossing Uranium Mine in Namibia and Amplats in South Africa, and later as a mining analyst with HSBC Plc and JP Morgan Chase & Co. in London. Next, Mr. Major was Chief Executive and later Non-Executive Chairman of Basic Element Mining and Resource Division in Russia, has and held leadership positions at several Canadian listed mining companies with exploration and producing assets in Canada, Russia and South America. Daniel joined GoviEx in 2012, as a director and as CEO, and has been responsible for the transition of the company from explorer to developer.

What is your rationale for taking part 121 Mining Investment?

GoviEx has a raise coming up with the recent positive feasibility study results on the Madaouela uranium project, and is looking to attract retail and institutional investors for the support.  

What recent news would you like to highlight to investors attending?

GoviEx’s most recent press releases can be found at: https://goviex.com/news/2022

 

September 26, 2022

GOVIEX URANIUM RECEIVES FINAL PAYMENT RELATED TO LINKWOOD LOAN

 

September 20, 2022

GOVIEX URANIUM ANNOUNCES POSITIVE FEASIBILITY STUDY RESULTS FOR MADAOUELA URANIUM PROJECT

 

July 15, 2022

GOVIEX PROVIDES MADAOUELA SURFACE AREA TAX UPDATE

 

June 30, 2022

GOVIEX RELEASES UPDATE ON THE MUNTANGA DRILLING PROGRAM AND MADAOUELA’S FEASIBILITY STUDY

 

April 28, 2022

GOVIEX RAMPS UP WORK AT MUNTANGA TARGETING A FEASIBILITY STUDY

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
We have recently published our Feasibility study for our main project, Madaouela, which is fully permitted and has one of the largest uranium mineral resources in the world. Our main focus from now on is to advance on offtake and financing agreements.

 

6 Months:
Advance offtake agreements and financing with a target to start building mine in 2023.

 

12 Months:
Continue to progress towards building a mine and becoming a producer in 2025.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

As any company within the uranium sector, we are exposed to the price of Uranium, however forecasts show that the uranium market continues to strengthen, as nuclear energy becomes a larger part of the clean energy mix. We are diversified, having two fully permitted projects and one exploration project in mining friendly jurisdictions. 

What do you think makes your company such a compelling investment?

Through the continued exploration and development of our mine-permitted Madaouela Project in Niger, the mine-permitted Muntanga Project in Zambia, and the multi-element Falea Project in Mali, we are on target to become a uranium producer in 2025, and ready to benefit from a strengthening uranium market.

What are the top 3 key investor takeaways?

1. Multi-asset uranium explorer with positive feasibility study results announced for its mine permitted Madaouela project in Niger.
2. On target to become a uranium producer in 2025.
3. Uranium market strengthening as nuclear demand grows and supply constraints continue.