Goviex Uranium (TSXV:GXU) - Bankable Feasibility Shows Viable Uranium Project in Zambia
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- Опубліковано 6 лют 2025
- Interview with Daniel Major, CEO of GoviEx Uranium Inc.
Our previous interview: www.cruxinvest...
Recording date: 29th January 2025
Goviex Uranium (TSXV: GXU) presents a timely opportunity for investors to gain exposure to the next uranium bull market through its flagship Muntanga project in Zambia. With a recently completed bankable feasibility study (BFS) demonstrating robust project economics, Goviex is well-positioned to bring a significant new source of uranium production online just as the market is projected to swing into a widening supply deficit.
The Muntanga BFS, released in January 2025, confirms the viability of a large-scale, low-cost, open-pit uranium mining operation. The study outlines a straightforward mining and processing plan, utilizing conventional open pit truck and shovel mining to feed an on-off heap leach circuit. Muntanga benefits from several key advantages that contribute to its strong economic profile:
1. High-grade, near-surface mineralization hosted in soft, porous sandstones allows for low-strip-ratio mining and coarse crushing to a P80 of 25 millimeters. This reduces mining and processing costs compared to many other uranium projects.
2. The on-off heap leach process achieves quick leach cycles and high recoveries exceeding 90%, further enhancing project economics. The leach circuit has been designed to handle Zambia's seasonal rainfall patterns, with multiple pads to optimize loading, leaching, rinsing, and unloading cycles.
3. Ready access to key infrastructure, including roads, water, and hydroelectric power, streamlines project development and reduces initial capital costs. Goviex can focus its efforts and capital on the core mining and processing facilities.
4. Mining permits have already been secured, significantly de-risking the project. The company expects to receive final environmental approvals within 6 months of submitting its environmental and social impact assessment, which is planned for the end of Q1 2023.
5. Strong local community support provides Goviex with a social license to operate. The company is working closely with local stakeholders to implement a fair and equitable relocation plan for a small number of households, with the aim of maximizing employment and economic development opportunities for the wider community.
With a robust BFS in hand, Goviex is now shifting its focus to securing project financing and long-term offtake agreements. The company is seeing strong interest from lenders, particularly South African banks that have recently returned to mining finance. Goviex is pursuing a mix of debt and equity financing, with the aim of minimizing dilution while maintaining a conservative capital structure.
On the offtake front, Goviex is leveraging its relationships with global nuclear utilities to negotiate long-term contracts with pricing that reflects the emerging supply deficit in the uranium market. The company is taking a flexible approach to contracting, with a willingness to commit a portion of its production to market-related pricing mechanisms that provide exposure to rising spot prices.
For investors, Goviex presents a compelling opportunity to gain leveraged exposure to the next leg up in the uranium market cycle. With a large, low-cost, advanced-stage project in a mining-friendly jurisdiction, Goviex is well-positioned to become a leading supplier of uranium as demand from nuclear energy grows. While risks remain, particularly around securing financing in a challenging market environment, the potential rewards for investors who position themselves ahead of the next uranium bull market are substantial.
In conclusion, Goviex Uranium offers investors a unique opportunity to participate in the development of a world-class uranium deposit just as the market is poised for a significant upturn. With a strong project economics, an experienced management team, and a clear path to production, Goviex is a company to watch in the uranium space.
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View GoviEx Uranium's company profile: www.cruxinvest...
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MR. Major what are your plans to fight off the short sellers? I think this feasibility study is good news, and should be used to increase institutional investors and I would like to see you increase marketing, I want to see you on 5 UA-cam channels talking about this feasibility study and catalysts for this year
He's been shamelessly showing his face and promoting. You know what that means right? Private placement incoming .
Share price is real drama …. Why down 30%? 🤔
50 Mio Share of an ETF who kicked them out were sold automatically. Quite a bunch of shares, considered normal daily volume is less then 1 Mio shares a day.
FYI: Boss CEO and mgmt dumped over 80% of their shares in the market last year . Don't even get me started on Daniel. There is no price or valuatıon he would ever buy at.
Anyone adding this name @ $0.03 US ? I’m holding the bag on Goviex. See what happens in the next couple/few years.
When Daniel finally decides to buy and lose money with everyone else , so will I. Man is shameless showing his face.
Major is an untrustworthy mercanery CEO telling a new Story to get the market s Money - very poor track record
on the contrary, after watching him for years, I find he has always been realistic and honest and detailed in his presentations..
The company was hit with the unexpected, losing their license in Niger, but they are continuing the work in Zambia