GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) head of investor relations Isabel Vilela talked with Proactive's Stephen Gunnion about the latest developments for the company, including progress on the Mutanga project in Zambia and the renewed discussions regarding the Madaouela project in Niger.
Vilela shared positive news on the Madaouela project, highlighting that GoviEx had suspended arbitration against the Government of Niger after signing a letter of intent outlining a roadmap for future discussions.
"The Ministry of Mines had reached out to us during Indaba... It is still early days, and there is no guarantee that we will, in fact, find an amicable solution," Vilela said.
On the Mutanga project front, GoviEx has appointed Endeavor Financial as advisors to expedite financing. The project boasts a Net Present Value (NPV) of $243 million and an Internal Rate of Return (IRR) of nearly 21%, with a production target of 2.2 million pounds per year starting in 2028. Vilela emphasized Mutanga's advantages, including its simple, open-pit design and Zambia's stable mining environment.
Looking ahead, GoviEx is focused on financing, finalising its Environmental and Social Impact Assessment (ESIA) by the end of this quarter, and advancing discussions with off-takers. "We are working on a number of things, and we are looking forward to developing this project," Vilela added.
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