GoviEx Uranium Inc (TSX-V:GXU, OTCQB:GVXXF) announced that its proposed reverse takeover transaction with Tombador Iron is progressing, with key shareholder meetings scheduled in the coming weeks and closing still targeted for early November.
Tombador has filed its prospectus with the Australian Securities and Investments Commission, and its shareholders are set to vote on the transaction on October 8, 2025.
GoviEx will hold a special meeting of its shareholders, optionholders, and warrantholders on October 24, 2025, to consider and approve the deal.
The transaction, first announced on August 18 and amended on September 5, 2025, is expected to result in the formation of Atomic Eagle, an ASX-listed uranium developer.
According to the company, the new entity will focus on advancing GoviEx’s Muntanga Project in Zambia and will benefit from a simplified corporate structure and strengthened balance sheet.
Completion of the transaction remains subject to shareholder, court, and regulatory approvals, as well as Tombador’s concurrent capital raising.