Goviex to Increase Its Portfolio of High-Quality Projects

GoviEx Uranium (TSXV:GXU) (“GoviEx”) is pleased to announce the execution of a definitive agreement (the “Purchase Agreement”) with African Energy Resources Ltd. (ASX:AFR) (“African Energy”) to acquire African Energy’s uranium mineral interests in Zambia (the “Transaction”). The Transaction is intended to unify prospective uranium properties adjacent to, and contiguous with, GoviEx’s Mutanga Mine Permits in Zambia.
As quoted in the press release:

Govind Friedland, Executive Chairman of GoviEx, commented: “The combination of African Energy’s Chirundu and Kiraba Valley tenements with GoviEx’s Mutanga Project will allow us to unitize these neighbouring properties, significantly enlarging and improving the potential economies of scale. This acquisition complements our strategy to be the consolidator of compelling African uranium projects while the uranium price remains low.”

Click here for the full text release