Goviex Uranium Stock Price, News & Analysis

GoviEx Uranium (OTCQB: GVXXF) has filed management information materials for a special meeting on October 24, 2025, where securityholders will vote on a statutory plan of arrangement for Tombador Iron Limited's acquisition of all outstanding GoviEx shares.

The arrangement requires 66⅔% approval from both shareholders and securityholders, with over 40% of securities already committed through voting support agreements. Upon completion, GoviEx will become a wholly-owned Tombador subsidiary, with GoviEx shareholders owning 75% of the combined company.

The transaction includes a minimum A$5 million capital raising by Tombador, with the combined company expected to have A$19.4-24.4 million in cash post-completion. The deal is anticipated to close in November 2025, following court approval and other conditions.

GoviEx Uranium (OTCQB: GVXXF) has announced a six-month extension to the pause in arbitration proceedings with the Republic of Niger regarding the Madaouela Uranium Project. This extension follows a letter of intent from February 2025 that established a negotiation roadmap. While both parties demonstrate willingness to reach an amicable solution, there's no guarantee of a definitive agreement.

The company clarified that these proceedings and negotiations remain separate from GoviEx's recently announced reverse takeover of Tombador Iron Limited. The company commits to providing updates as discussions progress.

GoviEx Uranium (OTCQB: GVXXF) has provided an update on its proposed reverse takeover transaction with Tombador Iron Limited. The deal will create "Atomic Eagle Ltd", an ASX-listed uranium developer focused on advancing the Muntanga Project in Zambia. Upon closing, GoviEx shareholders will own 75% of Atomic Eagle, while Tombador shareholders will retain 25%.

Tombador will conduct a concurrent financing of A$5.0-10.0 million at A$0.28 per share, representing a 28% premium to GoviEx's current share price. The combined company will have cash balances between A$19.4-24.4 million. Over 40% of GoviEx securityholders have signed voting support agreements. The transaction is expected to close in early November 2025, pending approvals.

GoviEx Uranium (OTCQB: GVXXF) has announced a transformative reverse takeover of Tombador Iron Limited, resulting in the creation of a new ASX-listed company called Atomic Eagle. Through this arrangement, GoviEx shareholders will retain 75% ownership of the Combined Company, while gaining access to Tombador's A$10.4 million in cash reserves.

The transaction includes a concurrent financing of A$5.0-10.0 million, bringing total cash reserves to A$19.4-24.4 million. The deal will significantly improve the company's capital structure by reducing outstanding shares from 1.02 billion to 345.3 million. Notable additions include Matador Capital as cornerstone investor and Grant Davey joining as strategic advisor. The transaction, unanimously supported by insiders holding 27.6% of shares, is expected to close in early November 2025.

GoviEx Uranium (OTCQB: GVXXF) has launched a targeted exploration campaign at its Muntanga uranium project in Zambia. The company plans to drill 35 holes totaling 3,500 meters across four high-priority areas, following a positive feasibility study that showed a post-tax NPV8% of USD243 million.

The exploration program includes the Muntanga East target with a potential of 2-4 million pounds of U₃O₈, the Dibbwi deposit extension, Dibbwi South trenching program, and the Chisebuka prospect in Kariba Valley with an exploration target of 20-30 million lb U₃O₈. The campaign aims to improve project economics by increasing resource size and extending mine life.

GoviEx Uranium has appointed Deogratias M. Bukunkwe as Project/Commissioning Metallurgist for its Muntanga uranium project in Zambia. Bukunkwe, a Zambian national with over 25 years of process start-up and operations experience, will focus on developing a detailed pre-commissioning framework to prepare the project for lender due-diligence. His extensive experience includes senior startup roles at Kayelekera and Langer Heinrich uranium mines and recent work as Commissioning Manager at Freeport-McMoRan's Grasberg facility. The appointment is strategic as GoviEx transitions from feasibility to project financing, with production anticipated to begin in 2028, subject to financing. The hire strengthens the company's technical execution capabilities and aims to provide assurance to potential banking partners.

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) has announced the voluntary filing of its Annual Information Form for the year ended December 31, 2024. This filing follows the previously submitted audited consolidated financial statements and management's discussion and analysis for the same period. All documents are accessible through the company's website at www.goviex.com and on SEDAR+ at www.sedarplus.ca.

GoviEx Uranium (GVXXF) has submitted an environmental assessment for its Muntanga Project to Zambian authorities, positioning itself for uranium production by 2028. CEO Daniel Major highlighted the project's distinctive features, including surface-level uranium deposits and a low strip ratio, which could enable production within just four months of mining initiation. This accelerated timeline offers investors a faster route to cash flow compared to typical uranium projects.

GoviEx Uranium (OTCQB: GVXXF) has submitted its draft Environmental and Social Impact Assessment (ESIA) to the Zambian Environmental Management Agency (ZEMA) for its Muntanga Uranium Project. This marks a important step toward project execution, with final ESIA approval expected in H2 2025.

The recently completed Feasibility Study confirms Muntanga as a robust open-pit, heap leach operation featuring:

• 12-year mine life
• After-tax NPV8% of USD 243 million (at $90/lb U3O8)
• Internal rate of return (IRR) of 20.8%
• Low operating costs

The project benefits from Zambia's infrastructure, pro-mining policies, and domestic sulfuric acid supply. Production is targeted to begin in 2028, with mining-to-production timeline of four months. The company reports strong early-stage financing interest and is in discussions with potential off-takers.