GoviEx Uranium and the Republic of Niger Agree to Extend Arbitration Pause
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) ha comunicato una proroga di sei mesi della sospensione del procedimento arbitrale con la Repubblica del Niger relativa al Progetto Uranio di Madaouela. La decisione segue una lettera d'intenti di febbraio 2025 che ha definito una tabella di marcia per le negoziazioni. Sebbene entrambe le parti mostrino volontà di trovare una soluzione amichevole, non è garantito che si arrivi a un accordo definitivo.
La società ha precisato che tali procedimenti e negoziati sono distinti dalla recente operazione di reverse takeover annunciata su Tombador Iron Limited. GoviEx si impegna ad aggiornare il mercato man mano che le discussioni proseguono.
GoviEx Uranium (OTCQB: GVXXF) ha anunciado una prórroga de seis meses en la suspensión del arbitraje con la República de Níger por el Proyecto de Uranio Madaouela. Esta extensión se produce tras una carta de intenciones de febrero de 2025 que estableció una hoja de ruta para las negociaciones. Aunque ambas partes muestran disposición a alcanzar una solución amistosa, no existe garantía de un acuerdo definitivo.
La compañía aclaró que estos procedimientos y negociaciones están separados de la reciente toma de control inversa anunciada sobre Tombador Iron Limited. La empresa se compromete a proporcionar actualizaciones a medida que avancen las discusiones.
GoviEx Uranium (OTCQB: GVXXF)는 마다오엘라(Madaouela) 우라늄 프로젝트와 관련한 니제르 공화국과의 중재 절차 중단을 6개월 연장했다고 발표했습니다. 이번 연장은 2025년 2월의 양해각서가 협상 로드맵을 확정한 데 따른 것입니다. 양측은 원만한 해결 의사를 보이고 있으나 최종 합의가 보장되는 것은 아닙니다.
회사는 이러한 절차와 협상이 최근 발표한 Tombador Iron Limited에 대한 역합병(reverse takeover) 건과는 별개임을 분명히 했습니다. 논의가 진전되는 대로 업데이트를 제공할 예정입니다.
GoviEx Uranium (OTCQB: GVXXF) a annoncé une prolongation de six mois de la suspension de la procédure d'arbitrage avec la République du Niger concernant le projet d'uranium de Madaouela. Cette prolongation fait suite à une lettre d'intention de février 2025 qui a fixé une feuille de route pour les négociations. Si les deux parties manifestent leur volonté de trouver une solution à l'amiable, aucun accord définitif n'est garanti.
La société a précisé que ces procédures et négociations sont distinctes de la reprise inversée récemment annoncée de Tombador Iron Limited. GoviEx s'engage à fournir des mises à jour au fur et à mesure de l'avancée des discussions.
GoviEx Uranium (OTCQB: GVXXF) hat eine sechsmonatige Verlängerung der Aussetzung des Schiedsverfahrens mit der Republik Niger bezüglich des Madaouela-Uranprojekts angekündigt. Diese Verlängerung folgt auf ein Absichtsschreiben aus dem Februar 2025, das eine Verhandlungsroadmap festlegte. Beide Parteien zeigen Bereitschaft zu einer einvernehmlichen Lösung, doch ein endgültiges Abkommen ist nicht garantiert.
Das Unternehmen stellte klar, dass diese Verfahren und Verhandlungen getrennt sind von der kürzlich angekündigten Rückübernahme (reverse takeover) von Tombador Iron Limited. GoviEx wird über den Fortgang der Gespräche informieren.
- Willingness from both parties to find an amicable solution
- Structured roadmap for negotiations exists through February 2025 letter of intent
- Uncertainty in reaching a binding agreement with Niger
- Risk of arbitration proceedings resuming if no resolution is reached
- Ongoing dispute over Madaouela Uranium Project continues
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx") and its wholly-owned subsidiary GoviEx Niger Holdings Ltd. (together, the "Companies") are pleased to announce that they have agreed with the Republic of Niger (together, the "Parties"), to extend the pause in the ongoing arbitration proceedings under the ICSID Convention for a further six months.
This extension builds on the letter of intent signed in February 2025, which set out a structured roadmap for negotiations regarding the Madaouela Uranium Project. While the Parties have shown willingness to find an amicable solution, there is no certainty that negotiations will result in a binding and definitive agreement. Should the Parties be unable to reach a resolution within the extended period, the arbitration proceedings may resume.
GoviEx will continue to provide timely updates as discussions progress. The arbitration and ongoing negotiations are not affected by GoviEx's recently announced reverse takeover of Tombador Iron Limited.
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 Companies continuing their engagement with Government officials, (ii) the extension of the suspension of arbitration proceedings under the ICSID Convention while discussions continue within the agreed framework, and (iii) the Government's willingness to engage in dialogue to find an amicable resolution. 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 the Companies will be able to reach an amicable agreement with the Government in relation to the Madaouela Project; (ii) that the current uranium upcycle will continue and expand; (iii) that the integration of nuclear power into power grids world-wide 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 Government being unwilling or unable to reasonably negotiate an amicable agreement with the Companies regarding the Madaouela Project; (ii) a regression in the uranium market price; (iii) an inability or unwillingness to include or increase nuclear power generation by major markets; (iv) potential delays due to potential new health restrictions; (v) the failure of the GoviEx's projects, for technical, logistical, labour-relations, political or other reasons; (vi) a decrease in the price of uranium below what is necessary to sustain GoviEx's operations; (vii) an increase in GoviEx's operating costs above what is necessary to sustain its operations; (viii) accidents, labour disputes, or the materialization of similar risks; (ix) a deterioration in capital market conditions that prevents GoviEx from raising the funds it requires on a timely basis; (x) political instability in the jurisdictions where GoviEx operates; (xi) the Companies not being able to secure acceptable financing for the Madaouela Project 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, 2024, as well as the Annual Information Form for the year ended December 31, 2024, 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.
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FAQ
What is the current status of GoviEx Uranium's arbitration with Niger?
How does the Niger arbitration affect GoviEx's reverse takeover of Tombador Iron?
What happens if GoviEx and Niger can't reach an agreement?
When was the original letter of intent between GoviEx and Niger signed?
