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With the uranium spot price expected to get a much needed boost as global uranium supply constrains continue to deepen, GoviEx Uranium is fast-tracking its Madaouela uranium project in Niger.
Following the completion of a C$8 million private placement, TSXV-listed explorer GoviEx Uranium also completed an off-market transaction in which Robert Friedland increased his shareholding in GoviEx to over 18 million shares.
“The last two weeks have seen volatility and devaluation in international equity markets and increasing economic uncertainty," - Govind Friedland.
GoviEx Uranium has signed a MOU with Windiga Energy to jointly evaluate the feasibility of powering the company’s flagship Madaouela Project.