GoviEx Uranium has taken step one in securing undertaking financing for its Muntanga uranium undertaking by appointing Endeavour Financial as its monetary advisor.
“With the Feasibility Study for Muntanga accomplished in January 2025, we are actually centered on securing undertaking financing, a important step within the growth of this undertaking. By appointing Endeavour Financial as our monetary advisor, we’re strategically leveraging their huge expertise in mining finance, particularly in Africa.
“Their expertise will be crucial in structuring an optimal funding solution for Muntanga. I am excited to progress with one of the few uranium projects that can address the increasing demand in a tight market,” mentioned Daniel Major, Chief Executive Officer of GoviEx Uranium.
He mentioned the corporate will discover all types of undertaking financing together with debt, royalties, streaming, offtake finance and fairness, with a give attention to minimizing the scale of any new fairness elevate and maximizing worth per share metrics.
As the worldwide vitality transition accelerates, the demand for clear, dependable energy continues to develop, while uranium provide stays constrained. Muntanga is positioned as one of many few superior uranium initiatives able to addressing this provide hole.
“With a strong economic profile, established export routes, and significant expansion potential, Muntanga is well-placed to capitalize on the strengthening uranium market and contribute to the world’s shifting energy landscape.”
Muntanga is a near-term uranium undertaking with well-established export routes to doubtlessly each Western and Eastern markets. The Muntanga Project boasts a NPV8 of USD 243 million, a 20.8 p.c IRR, and a fast 3.8-year payback.
With manufacturing averaging 2.2 million kilos U3O8 every year and a 12-year LOM, Muntanga holds important enlargement potential by further mining and a number of drill-ready targets throughout its properties, together with satellite tv for pc deposits.
The mine is anticipated to be able to start manufacturing in 2028, with discussions at the moment underway with potential off-takers. GoviEx’s principal goal is to grow to be a major uranium producer by the continued exploration and growth of its mine-permitted Muntanga Project.