GoviEx Uranium (TSE:GXU) has released an update.
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GoviEx Uranium and its subsidiary have initiated arbitration against the Republic of Niger over the withdrawal of their mining rights for the Madaouéla uranium project, following an alleged breach of agreements by the state. Despite strong interest and progress in project financing and development, the companies face setbacks due to political changes and are seeking legal remedies to regain their rights or receive compensation. With significant economic and employment potential at stake, the outcome of this dispute could impact the region’s development.
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