GoviEx Uranium (TSE:GXU) has released an update.
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GoviEx Uranium Inc. has lost its mining rights to the Madaouela Project in Niger, a significant uranium deposit, despite extensive investment and development efforts. The unexpected government decision contradicts Niger’s rapid development goals, causing potential delays for future project developers and disappointing stakeholders, including employees and the local community. GoviEx is contesting the decision and focusing on advancing its Muntanga Project in Zambia.
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