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Madison Metals has commenced its 2024 drill program at the Khan Uranium Project in Namibia, located in the Erongo uranium province.
The program will focus on specific areas identified in a prior release dated April 18, 2024. Results will be published as they become available and after thorough analysis.
Mary Barton, a Professional Natural Scientist and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information in the announcement.
Madison Metals Inc. provided an update on the Kenora Uranium Project, extending the first-year expenditure commitments for Great Northern Energy Inc. The agreement requires an investment of CDN $600,000 by May 3, 2025, and an additional CDN $300,000 by May 3, 2026, enabling Great Northern Energy to earn a 60% interest in the project. Madison Metals will retain a 40% carried interest once the earn-in terms are met. Additionally, the Company issued stock options for 1,200,000 common shares to its board of directors, management, and consultants at a price of CDN $0.29 per share.
Madison Metals Inc. engages Market One Media Group for marketing services to enhance investor engagement and communication regarding high-grade uranium discoveries at the Khan Project. The collaboration aims to drive shareholder value and visibility in the capital markets.
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