GoviEx prepares Madaouela for higher uranium prices

GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) received the permits needed to build its flagship Madaouela project in Niger three years ago, but lagging uranium prices have kept development in check. In the meantime, the Vancouver-based junior has been optimizing the project as part of a definitive feasibility study, talking with potential off-takers and financiers, and putting together a framework agreement with the government of Niger, which could be ready by the end of June. The framework would see the Niger government take a 10% working interest in the project, in addition to its 10% free-carried interest under the country’s 2006 mining code. Continue reading at The Northern Miner.