GoviEx Advances the Muntanga Uranium Project with Submission of Draft Environmental and Social Impact Assessment to Zambian Environmental Agency
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.
GoviEx Uranium (OTCQB: GVXXF) ha presentato la bozza della Valutazione di Impatto Ambientale e Sociale (ESIA) all'Agenzia per la Gestione Ambientale della Zambia (ZEMA) per il suo Progetto Uranio Muntanga. Questo rappresenta un passo importante verso l'esecuzione del progetto, con l'approvazione finale dell'ESIA prevista per la seconda metà del 2025.
Lo Studio di Fattibilità recentemente completato conferma Muntanga come un'operazione solida a cielo aperto con lisciviazione su cumuli, caratterizzata da:
- vita utile della miniera di 12 anni
- NPV8% post-tasse di 243 milioni di USD (a 90 $/lb di U3O8)
- tasso interno di rendimento (IRR) del 20,8%
- bassi costi operativi
Il progetto beneficia delle infrastrutture della Zambia, delle politiche favorevoli al settore minerario e della fornitura nazionale di acido solforico. La produzione è prevista per il 2028, con un arco temporale di quattro mesi dalla fase di estrazione alla produzione. La società segnala un forte interesse per il finanziamento in fase iniziale ed è in trattative con potenziali acquirenti.
GoviEx Uranium (OTCQB: GVXXF) ha presentado su borrador de Evaluación de Impacto Ambiental y Social (ESIA) a la Agencia de Gestión Ambiental de Zambia (ZEMA) para su Proyecto de Uranio Muntanga. Esto representa un paso importante hacia la ejecución del proyecto, con la aprobación final de la ESIA prevista para la segunda mitad de 2025.
El Estudio de Factibilidad recientemente completado confirma que Muntanga es una operación robusta a cielo abierto con lixiviación en pilas, que cuenta con:
- vida útil de la mina de 12 años
- VPN8% después de impuestos de 243 millones de USD (a 90 $/lb de U3O8)
- tasa interna de retorno (TIR) del 20,8%
- bajos costos operativos
El proyecto se beneficia de la infraestructura de Zambia, políticas pro-mineras y suministro nacional de ácido sulfúrico. La producción está prevista para comenzar en 2028, con un plazo de cuatro meses desde la minería hasta la producción. La empresa reporta un fuerte interés en financiamiento en etapas tempranas y está en conversaciones con posibles compradores.
GoviEx Uranium (OTCQB: GVXXF)는 자사의 Muntanga 우라늄 프로젝트에 대한 환경 및 사회 영향 평가 초안(ESIA)을 잠비아 환경 관리청(ZEMA)에 제출했습니다. 이는 프로젝트 실행을 위한 중요한 단계로, 최종 ESIA 승인은 2025년 하반기에 예상됩니다.
최근 완료된 타당성 조사는 Muntanga가 다음과 같은 특징을 가진 견고한 노천 채굴 및 힙 리치 작업임을 확인합니다:
- 12년의 광산 수명
- 세후 순현재가치(NPV8%) 2억 4,300만 달러 (U3O8 파운드당 90달러 기준)
- 내부수익률(IRR) 20.8%
- 낮은 운영 비용
이 프로젝트는 잠비아의 인프라, 친광산 정책, 국내 황산 공급의 혜택을 누리고 있습니다. 생산은 2028년 시작을 목표로 하며, 채굴에서 생산까지 4개월의 일정이 계획되어 있습니다. 회사는 초기 단계 자금 조달에 대한 강한 관심을 보고하며 잠재 구매자들과 논의 중입니다.
GoviEx Uranium (OTCQB : GVXXF) a soumis son projet d'Évaluation des Impacts Environnementaux et Sociaux (ESIA) à l'Agence de Gestion Environnementale de Zambie (ZEMA) pour son Projet d'Uranium Muntanga. Cela représente une étape importante vers la réalisation du projet, avec une approbation finale de l'ESIA attendue au second semestre 2025.
L'Étude de Faisabilité récemment achevée confirme que Muntanga est une opération robuste à ciel ouvert avec lixiviation en tas, présentant :
- une durée de vie de la mine de 12 ans
- une VAN après impôts à 8 % de 243 millions USD (à 90 $/lb U3O8)
- un taux de rendement interne (TRI) de 20,8 %
- des coûts d'exploitation faibles
Le projet bénéficie des infrastructures de la Zambie, de politiques favorables à l'exploitation minière et d'un approvisionnement national en acide sulfurique. La production est prévue pour 2028, avec un délai de quatre mois entre l'extraction et la production. La société rapporte un fort intérêt pour le financement en phase initiale et est en discussions avec des acheteurs potentiels.
GoviEx Uranium (OTCQB: GVXXF) hat seinen Entwurf der Umwelt- und Sozialverträglichkeitsprüfung (ESIA) bei der Umweltmanagementbehörde von Sambia (ZEMA) für sein Muntanga Uranium Projekt eingereicht. Dies markiert einen wichtigen Schritt zur Projektumsetzung, wobei die endgültige ESIA-Genehmigung für die zweite Hälfte des Jahres 2025 erwartet wird.
Die kürzlich abgeschlossene Machbarkeitsstudie bestätigt Muntanga als eine robuste Tagebau-Heap-Leach-Anlage mit:
- 12-jähriger Bergbau-Lebensdauer
- Nachsteuer-NPV8% von 243 Millionen USD (bei 90 $/lb U3O8)
- Interner Zinsfuß (IRR) von 20,8%
- Niedrigen Betriebskosten
Das Projekt profitiert von Sambias Infrastruktur, bergbaufreundlichen politischen Rahmenbedingungen und der inländischen Versorgung mit Schwefelsäure. Die Produktion soll 2028 beginnen, mit einer Zeitspanne von vier Monaten vom Abbau bis zur Produktion. Das Unternehmen berichtet von starkem Interesse an einer Frühphasenfinanzierung und führt Gespräche mit potenziellen Abnehmern.
- Strong project economics with USD 243M NPV and 20.8% IRR
- Short 4-month timeline from mining to production
- Strategic location with access to both Western and non-Western markets
- Strong early-stage financing interest reported
- Access to domestic sulfuric acid supply reduces operational costs
- Production not expected until 2028
- Final ESIA approval still pending
- Project feasibility based on $90/lb U3O8 price assumption
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or "the Company") is pleased to announce that it has further advanced the development of its Muntanga Uranium Project in Zambia with the filing of its draft Environmental and Social Impact Assessment ("ESIA") with the Zambian Environmental Management Agency ("ZEMA").
This submission marks a key step in the project's transition from feasibility towards execution. With the draft ESIA now submitted, ZEMA will undertake a review of the document and provide comments and guidance to GoviEx. This feedback will inform the final ESIA, which GoviEx will then resubmit for final approval, which is expected in the second half of 2025.
The filing of the draft ESIA follows the recently completed Feasibility Study, which confirmed Muntanga as a robust, shallow open-pit, heap leach operation with a projected 12-year mine life, low operating costs, and strong financial returns - including an after-tax NPV8% of USD 243 million1 and an internal rate of return (IRR) of
Daniel Major, CEO of GoviEx, commented:
"The momentum behind the Muntanga Project continues to build. With today's draft ESIA submission, we are taking another significant step toward making Muntanga a reality. This progress demonstrates our dedication to delivering one of the few near-term uranium projects with potential to help meet growing global demand, while also ensuring environmental and social responsibility. We are also making solid progress on the financing front, with strong early-stage interest that reflects confidence in the quality and potential of the Muntanga Project."
Muntanga is strategically positioned to supply both Western and non-Western nuclear markets, benefitting from Zambia's excellent infrastructure, pro mining government, proximity to export routes, and domestic surplus of sulfuric acid - a key reagent in uranium recovery. With a rapid construction timeline and expected uranium production within four months of mining commencement, Muntanga is one of the few near-term uranium projects capable of helping bridge the global supply gap in a tightening nuclear fuel market. Production is expected to begin in 2028, with discussions currently underway with potential off-takers.
Qualified Person Statement
The scientific and technical information in this release has been reviewed, verified, and approved by Mr. Jerome Randabel, MAIG, Chief Geologist of GoviEx, a Qualified Person as defined in Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects".
Notes:
- At US
$ 90 per pound U3O8. - The technical report titled, "NI 43-101 Technical Report: Muntanga Uranium Project in the Southern Province of Zambia", dated March 7, 2025, has been filed under GoviEx's profile on SEDAR+ (www.sedarplus.ca) and is also available on the Company's website www.goviex.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About GoviEx Uranium Inc.
GoviEx (TSXV: GXU) (OTCQB: GVXXF), is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Muntanga Project in Zambia.
Contact Information
Isabel Vilela, Head of Corporate Communications
Daniel Major, Chief Executive Officer
Tel: +1-604-681-5529 Email: info@goviex.com Web: www.goviex.com
Cautionary Statement Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to: (i) the Muntanga Project's transition from feasibility towards execution; (ii) the method and timing of any development and mining operations at Muntanga, including expected uranium production within four months of mining commencement and the target production start in 2028; (iii) the continued engagement program with potential off-takers; (iv) the expected timing for final approval of the Environmental and Social Impact Assessment (ESIA) in the second half of 2025; and (v) Muntanga emerging as one of the few near-term uranium projects with the potential to help address the uranium supply gap, with potential to supply both Western and non-Western markets. Although GoviEx believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that GoviEx will successfully file the final ESIA as and when anticipated; that GoviEx will successfully raise required financing for the Muntanga Project; (ii) that the current uranium upcycle will continue and expand; (iii) that the integration of nuclear power into power grids worldwide will continue as a clean energy alternative; and (iv) that the price of uranium will remain sufficiently high and the costs of advancing GoviEx's mining projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner. Factors that could cause actual results to differ materially from expectations include: (i) the inability of the Company to file the final ESIA for any reason; (ii) the inability of the Company to raise financing for its Muntanga Project for any reason; (iii) a regression in the uranium market price; (iv) an inability or unwillingness to include or increase nuclear power generation by major markets; (v) potential delays due to new or ongoing health or environmental restrictions; (vi) the failure of GoviEx's projects, for technical, logistical, labour-relations, political, or other reasons; (vii) a decrease in the price of uranium below what is necessary to sustain GoviEx's operations; (viii) an increase in GoviEx's operating costs above what is necessary to sustain its operations; (ix) accidents, labour disputes, or the materialization of similar risks; (x) a deterioration in capital market conditions that prevents GoviEx from raising the funds it requires on a timely basis; (xi) political instability in the jurisdictions where GoviEx operates; and (xii) generally, GoviEx's inability to develop and implement a successful business plan for any reason. In addition, the factors described or referred to in the section entitled "Risk Factors" in the MD&A for the year ended December 31, 2023, as well as the Annual Information Form for the year ended December 31, 2023, of GoviEx, which are available on the SEDAR+ website at www.sedarplus.ca, should be reviewed in conjunction with the information found in this news release. Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Cautionary Note to United States Persons:
The disclosure contained herein does not constitute an offer to sell or the solicitation of an offer to buy securities of GoviEx.
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those referenced above collectively as "forward-looking statements" under the "Cautionary Statement Regarding Forward-Looking Information" involve known and unknown risks, uncertainties and other factors which may cause the actual results, the performance or achievements of GoviEx to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248709
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