- Business
- GoviEx Uranium Inc. operates as a mineral resource enterprise, focusing on the acquisition, exploration, and advancement of uranium projects across the African continent. The company is actively developing its Muntanga project in Zambia, which consists of three contiguous mining permits situated south of Lusaka, targeting production by 2028. This initiative benefits from strong economics, low technical risk, and favorable infrastructure. Additionally, GoviEx holds an interest in the Madaouela project in north-central Niger, a substantial uranium resource that has been subject to a mining permit revocation by the Nigerien government in July 2024, leading to ongoing arbitration proceedings. Discussions are underway to resolve this dispute, with a pause in arbitration extended until March 2026. The company also retains ownership of the polymetallic Falea project in Mali, following the termination of a prior sale agreement. In a strategic move, GoviEx completed an arrangement with Tombador Iron Limited in November 2025, a transaction poised to enhance its capital access, technical capabilities, and leadership, with plans for an ASX listing under the new name Atomic Eagle. The company was established in 2006, initially as Govi High Power Exploration Inc., and rebranded to GoviEx Uranium Inc. in September 2008, maintaining its headquarters in Vancouver, Canada.