GoviEx Uranium Inc (TSX-V:GXU, OTCQB:GVXXF) CEO Daniel Major talked with Proactive about the company’s strategic reverse takeover of Tombador Iron Ore and its upcoming listing on the Australian Securities Exchange under the new name Atomic Eagle.
Major explained that the deal would see GoviEx shareholders hold a 75% stake in the new entity.
The transaction will provide access to over A$19 million to A$24 million in funding and will help reposition the company through a share consolidation and rebranding exercise.
He noted, “We needed a reset as a company,” adding that the ASX provides better access to capital and a stronger peer group, particularly given that over 40% of uranium-focused developers on the ASX are active in Africa.
The strategy remains focused on African uranium development, with the Muntanga project in Zambia being central.
The new board will include well-known sector figures such as Govind Friedland, Keith Bowes, and Matador Capital’s Grant Davey.
Matador Capital brings early-stage uranium investment experience and will act as an advisor.
Major highlighted the expertise this team adds to the development of Muntanga and its wider exploration potential in Zambia.
The deal is expected to close in November, with a shareholder vote slated for late October.