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Madaouela uranium project: donors total funding of more than 200 million dollars

05/03/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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In a press release published on 4 March, the company GoviEx Uranium indicated that it had received expressions of interest from various donors totaling more than $200 million in funding for the Madaouela uranium project in Niger.

A feasibility study published two years ago indicates that the construction of the Madaouela uranium mine should require an investment of 343 million dollars. According to Goviex Uranium style="font-family: "Bookman Old Style”, "serif">, the due diligence of lenders on its project began with an environmental and social audit conducted by SLR Consulting . The current uranium market environment could make it easier for GovieX to mobilize this financing, with metal prices rising and analysts agreeing on a long-term increase in demand. Madaouela could contribute to this growing demand, thanks to the 50.8 million pounds that the mine should deliver in

19 years.
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