GoviEx Uranium Submits Environmental and Social Impact Assessment for Muntanga Project
GoviEx Uranium (OTCQB: GVXXF) has submitted its Environmental and Social Impact Assessment (ESIA) for the Muntanga Uranium Project in Zambia to the Zambia Environmental Management Agency (ZEMA). The submission follows ZEMA's no-objection response to the draft ESIA earlier this year.
The Muntanga Project is designed as a shallow open-pit, heap leach operation with a 12-year mine life. According to the Feasibility Study, the project has an after-tax NPV8% of $243 million and IRR of 20.8% at a uranium price of $90/lb U3O8. The ESIA approval process typically takes up to six months and is being reviewed alongside the project's Resettlement and Compensation Action Plan.
Additionally, GoviEx recently announced a reverse takeover with Tombador Iron Limited, which will result in the company's rebranding as Atomic Eagle Ltd and listing on the Australian Securities Exchange.
GoviEx Uranium (OTCQB: GVXXF) ha presentato la propria Valutazione Ambientale e Sociale (ESIA) per il Progetto Uranio Muntanga in Zambia all'Agenzia per la Gestione Ambientale dello Zambia (ZEMA). La presentazione segue la risposta di non ostacolo di ZEMA al testo ESIA preliminare rilasciata all'inizio di quest'anno.
Il Progetto Muntanga è progettato come un'operazione di cava a cielo aperto poco profonda, con processo di liscivia a cumulo e una durata di miniera di 12 anni. Secondo lo Studio di Fattibilità, il progetto ha un NPV8% post-tasse di 243 milioni di dollari e un IRR del 20,8% a un prezzo del uranio di 90 $/lb U3O8. Il processo di approvazione dell'ESIA normalmente richiede fino a sei mesi ed è in fase di revisione insieme al Piano di Translocazione e Indennizzo del progetto.
Inoltre, GoviEx ha recentemente annunciato una fusione inversa con Tombador Iron Limited, che porterà al rebranding della società come Atomic Eagle Ltd e alla quotazione sull'Australian Securities Exchange.
GoviEx Uranium (OTCQB: GVXXF) ha presentado su Evaluación Ambiental y Social (ESIA) para el Proyecto de Uranio Muntanga en Zambia ante la Agencia de Gestión Ambiental de Zambia (ZEMA). La presentación sigue a la respuesta de no objeción de ZEMA al borrador de la ESIA a principios de este año.
El Proyecto Muntanga está diseñado como una operación de mina a cielo abierto poco profunda, con lixiviación en montón y una vida de mina de 12 años. Según el Estudio de Factibilidad, el proyecto tiene un NPV8% después de impuestos de 243 millones de dólares y una TIR del 20,8% a un precio de uranio de 90 $/lb U3O8. El proceso de aprobación de la ESIA normalmente toma hasta seis meses y se está revisando junto con el Plan de Acción de Reasentamiento y Compensación del proyecto.
Además, GoviEx anunció recientemente una operación de toma de control inversa con Tombador Iron Limited, lo que resultará en el cambio de nombre de la empresa a Atomic Eagle Ltd y su listado en la Bolsa de Valores de Australia (ASX).
GoviEx Uranium (OTCQB: GVXXF)는 잠비아의 문탱가 우라늄 프로젝트에 대한 환경사회영향평가(ESIA)를 잠비아 환경관리청(ZEMA)에 제출했습니다. 이번 제출은 올해 초 초안 ESIA에 대한 ZEMA의 비동의 응답에 따른 것입니다.
문탱가 프로젝트는 얕은 노천광산, 적재 침출(heap leach) 방식의 운용으로 12년의 광산 수명을 갖도록 설계되었습니다. 타당성 조사에 따르면 이 프로젝트의 세후 NPV8%는 2억 4300만 달러, IRR은 20.8%이며 우라늄 가격은 90$/lb U3O8일 때입니다. ESIA 승인 절차는 일반적으로 최대 6개월이 소요되며, 프로젝트의 재정착 및 보상 계획과 함께 검토 중입니다.
또한, GoviEx는 최근 Tombador Iron Limited와의 역인수합병을 발표했으며, 이로 인해 회사는 Atomic Eagle Ltd로 리브랜딩되고 호주 증권거래소에 상장할 예정입니다.
GoviEx Uranium (OTCQB: GVXXF) a soumis son Étude d'Impact Environnemental et Social (ESIA) pour le projet d’uranium Muntanga en Zambie à l’Agence zambienne de gestion environnementale (ZEMA). Cette soumission fait suite à la réponse de non-objection de ZEMA à l’ébauche de l’ESIA plus tôt cette année.
Le projet Muntanga est conçu comme une opération d'extraction à ciel ouvert peu profonde, avec lixiviation en tas et une durée minière de 12 ans. Selon l’étude de faisabilité, le projet affiche une VAN après impôt à taux d’actualisation de 8% de 243 millions de dollars et un TRI de 20,8% à un prix de l’uranium de 90 $/lb U3O8. Le processus d’approbation de l’ESIA prend généralement jusqu’à six mois et est examiné conjointement avec le Plan d’Action de Réinstallation et d’Indemnisation du projet.
De plus, GoviEx a récemment annoncé une opa inverse avec Tombador Iron Limited, ce qui mènera à un renaming de la société en Atomic Eagle Ltd et à son inscription sur la bourse australienne (ASX).
GoviEx Uranium (OTCQB: GVXXF) hat seine Umwelt- und Sozialverträglichkeitsstudie (ESIA) für das Muntanga-Uranprojekt in Sambia bei der Zambia Environmental Management Agency (ZEMA) eingereicht. Die Einreichung folgt auf die Nicht-Einwendung von ZEMA zum Entwurf der ESIA zu Beginn dieses Jahres.
Das Muntanga-Projekt ist als flaches Tagebau-Bergbau- und Heap-Leach-Betrieb mit einer Abbaulebensdauer von 12 Jahren konzipiert. Laut der Machbarkeitsstudie hat das Projekt einen Nach-Steuer-NVP8% von 243 Mio. USD und eine IRR von 20,8% bei einem Urangehalt von 90 USD pro Pfund U3O8. Der ESIA-Genehmigungsprozess dauert in der Regel bis zu sechs Monate und wird zusammen mit dem Plan zur Umsiedlung und Entschädigung des Projekts geprüft.
Zudem hat GoviEx kürzlich eine Reverse-Takeover mit Tombador Iron Limited bekannt gegeben, was zur Umbenennung des Unternehmens in Atomic Eagle Ltd und zur Aufnahme an der Australian Securities Exchange führen wird.
GoviEx Uranium (OTCQB: GVXXF) قد تقدم بتقييمها للأثر البيئي والاجتماعي (ESIA) لـ مشروع مونتنجا لليورانيوم في زامبيا إلى وكالة إدارة البيئة في زامبيا (ZEMA). يأتي التقديم بعد رد ZEMA بعدم الاعتراض على مسودة ESIA في وقت سابق من هذا العام.
يُصمَّم مشروع مونتنجا كـ عملية من منجم سطحى مفتوح، مع عملية الاستخلاص بالترشيح على دفعات لمدة تشغيل منجم تبلغ 12 عامًا. وفقًا لدراسة الجدوى، لدى المشروع صافي القيمة الحالية بعد الضرائب عند معدل خصم 8% قدره 243 مليون دولار ومعدل العائد الداخلي 20.8% عند سعر يورانيوم 90 دولارًا للرطل U3O8. عادة ما تستغرق عملية موافقة ESIA حتى ستة أشهر، وتُراجع مع خطة النقل والتعويض عن إعادة التوطين للمشروع.
بالإضافة إلى ذلك، أعلنت GoviEx مؤخرًا عن عملية شراء عكسية مع Tombador Iron Limited، مما سيؤدي إلى إعادة تسمية الشركة كـ Atomic Eagle Ltd والإدراج في بورصة الأوراق المالية الأسترالية.
GoviEx Uranium (OTCQB: GVXXF) 已向赞比亚环境管理局（ZEMA）提交其对 赞比亚蒙塔恩加铀矿项目的环境与社会影响评估（ESIA）。此提交是在 ZEMA 对年度初的 ESIA 草案表示不反对之后进行的。
蒙坦加项目被设计为 浅层露天开采、堆浸工艺的矿山运营，矿期为12年。根据可行性研究，该项目在税后8%折现率下的 净现值（NPV8%）为2.43亿美元，内部收益率（IRR）为20.8%，假设铀价为 $90/磅 U3O8。ESIA 的批准流程通常需要最长六个月，并将与项目的 重新安置与补偿行动计划一起进行评审。
此外，GoviEx 近期宣布与 Tombador Iron Limited 的反向收购，该交易将使公司改名为 Atomic Eagle Ltd，并在澳大利亚证券交易所上市。
- Project's Feasibility Study shows strong economics with $243M NPV and 20.8% IRR
- ZEMA had no objection to draft ESIA submission, indicating positive regulatory progress
- Planned 12-year mine life demonstrates long-term production potential
- Reverse takeover and ASX listing expected to strengthen balance sheet and capital structure
- ESIA approval process could take up to 6 months, potentially affecting project timeline
- Project requires implementation of Resettlement and Compensation Action Plan
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or "the Company") is pleased to announce that it has filed the Environmental and Social Impact Assessment ("ESIA") report for its Muntanga Uranium Project in Zambia ("Muntanga") with the Zambia Environmental Management Agency ("ZEMA").
This follows the submission of the draft ESIA earlier this year, which received no objection from ZEMA, and the Agency's request that GoviEx proceed with the filing. The ESIA has been prepared in accordance with Zambian regulations and international best practices and is a key requirement for obtaining an Environmental Permit.
Approval of the ESIA, which typically takes up to six months, is a critical milestone on the path to project development. The ESIA is being reviewed together with the project's Resettlement and Compensation Action Plan ("RCAP"), ensuring that environmental and social considerations are fully integrated with stakeholder engagement and resettlement planning.
Daniel Major, Chief Executive Officer of GoviEx, commented:
"We are very pleased to have filed the ESIA for Muntanga, marking another important step in our commitment to advance the project as planned and promised. The fact that ZEMA had no objection to our draft submission is a strong validation of the work our team has done to ensure Muntanga meets the highest standards of environmental and social responsibility. With this filing, we remain firmly on track in our permitting process and continue to build momentum toward developing one of the few near-term uranium projects capable of helping meet the growing global demand for nuclear fuel, as we transition into the next phase of growth under the Atomic Eagle brand."
GoviEx recently announced a reverse takeover with Tombador Iron Limited that will see the Company rebranded as Atomic Eagle Ltd and listed on the Australian Securities Exchange ("ASX"). This transaction is expected to strengthen the Company's balance sheet, consolidate its capital structure and enhance its ability to advance the Muntanga Project for the benefit of all stakeholders.
The Muntanga Project, located in Zambia's Southern Province, is planned as a shallow open-pit, heap leach operation with a projected 12-year mine life, low operating costs, and robust financial returns. A positive Feasibility Study1 completed earlier this year confirmed an after-tax NPV8% of USD 243 million and an IRR of
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."
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 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) GoviEx being on track in its permitting process and continuing to build momentum toward developing Muntanga as one of the few near-term uranium projects capable of helping meet the growing global demand for nuclear fuel; (ii) the successful transition of GoviEx into the next phase of growth under the "Atomic Eagle" brand, or otherwise; (iii) the method and timing of any development and mining operations at Muntanga; and (iv) expected to strengthening of the Company's balance sheet and its new consolidated capital structure enhancing its ability to advance the Muntanga Project for the benefit of all stakeholders. 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 complete the reverse takeover with Tombador Iron Limited that will see the Company rebranded as Atomic Eagle Ltd and listed on the ASX; (ii) ZEMA will accept the ESIA and RCAP as filed; (iii) that the current uranium upcycle will continue and expand; (iv) that the integration of nuclear power into power grids worldwide will continue as a clean energy alternative; and (v) 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) ZEMA not clearing the final ESIA and RCAP 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, 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.
1 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267535
FAQ
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