GoviEx Uranium announces that expressions of interest have now been received from Export Credit Agencies and project finance banks to arrange US$220 million of senior debt financing for the construction of the Madaouela Uranium Project in Niger.
Govind Friedland commented, “The level of interest shown by the Export Credit Agencies and thebanks to provide financing accretes confidence in the Madaouela Project. We will now proceed to the detailed due diligence phase with the various groups, while at the same time moving forward on the other parts of our four-stage strategy.”
The board of directors of GoviEx is reviewing the expressions of interest received and will seek to enter into discussions with the lenders, in order to determine the appointment of Mandated Lead Arrangers to execute the project debt financing of the Madaouela Project.
GoviEx is a mineral resource company focused on the exploration and development of a diversified portfolio of uranium projects in Africa. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship and mine-permitted Madaouela Project in Niger, as well as its mine-permitted Mutanga Project in Zambia, and its uranium-copper-silver exploration Falea Project in Mali.
