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 Mutanga Project in Zambia, and its multi-element Falea Project in Mali.
GoviEx is currently on track to deliver the feasibility study for its Madaouela project, which will be published in September. The company aims to start production in 2025, pending project financing. In 2021, GoviEx appointed Endeavour Financial to get support on debt advisory, offtake finance and technical and environmental guidance.
GoviEx’s Zambian project, Mutanga, has a development timeframe which is roughly two years behind Madaouela, with production expected in 2027.
The fundamentals of the uranium market are currently strong, and over the next few years the world’s uranium demand is forecast to far outweigh its supply, placing GoviEx to benefit from a likely rising market. The world is currently facing a serious energy crisis prompting many countries to now consider nuclear power generation as part of their clean energy mix, therefore also adding increased pressure on the demand side.
GoviEx is proud to be in Africa, a continent that historically has been supportive of mining. Niger is currently the world’s fifth largest uranium producer, with commercial uranium production taking place since the seventies.