Goviex Uranium Inc., a mining operator specializing in uranium, announced the closing of its increased private investment, for a total gross product of around $ 10.47 million Canadian dollars (USD 7.6 million). As part of the transaction, Pangaea Holdings Limited, a financial service company based in southern Africa, acted as the main intermediary.
A total of 209,412,000 units were sold at a price of $ 0.05 CA per unit, confirming market confidence in the viability of its main project, Munanga, located in Zambia. This funding was led by a multisectoral Zambian private investment group, a new Goviex strategic shareholder, with interest in agriculture, energy, natural resources and financial services.
“The support of our group of strategic investors in Zambia, where the project is located, reflects a shared conviction in the potential of Munanga,” said Govind Friedland, executive president of Goviex.
According to the Canadian giant, this operation is strengthening local cooperation around the Munanga project, an asset that the company intends to position as one of the future pillars of the world’s fuel supplies.
The net product of this fundraising will be used to finance the exploration, the development of the Munanga project, as well as the general needs and the business fund of the company. The final fence remains subject to the approval of the TSX growth scholarship (TSXV).
Mineral resource company focused on the exploration and development of uranium properties in Africa, Goviex has assets in Zambia, Niger and Mali. However, the company recently wiped a setback in Niger, where the government revoked, on July 4, the MADAOUÉLA deposit operating permit, located near Arlit in the north of the country. This permit, covering more than 243 km², was integrated into the public domain, like the Imouraren deposit, previously withdrawn from the French group Orano.
