GoviEx Uranium (TSE:GXU) has released an update.
GoviEx Uranium Inc. has obtained a radiological certificate for its Madaouela Project in Niger, a critical step towards initiating mining operations. The project is expected to significantly boost the Nigerien economy with a $343 million initial capital investment and create up to 800 jobs over a 20-year mine life. Additionally, the project will contribute royalties and taxes to the government, which has a 20% stake in the project.
For further insights into TSE:GXU stock, check out TipRanks’ Stock Analysis page.