GoviEx Uranium Announces New Strategic Partner, Ivanhoe Industries

GoviEx Uranium (CSE:GXU) welcomed Ivanhoe Industries as a strategic shareholder of the company. GoviEx closed a private placement with Ivanhoe for gross proceeds of approximately C$1.825 million.
As quoted in the press release:

Under the Placement, GoviEx has issued 16,228,177 units (each a “Unit”) to Ivanhoe Industries at the price of C$0.1125 per Unit. Each Unit consists of one common share and one common share purchase warrant exercisable into a common share of GoviEx at a price of C$0.18 for a period of 24 months from the closing date. As a result of the Placement, Ivanhoe Industries owns approximately 9.99% of GoviEx’s issued and outstanding shares.
Ivanhoe Industries is a U.S.-based, privately held company actively engaged in supporting technology, energy and natural resource companies worldwide. Ivanhoe Industries is backed by several prominent entrepreneurs, including Robert Friedland, and the company has deep and extensive relationships with global financial institutions and corporate multinationals.
The inclusion of Ivanhoe Industries as a strategic investor in GoviEx, alongside leading nuclear industry partners Toshiba and Cameco, further expands GoviEx’s access to technical and financial expertise required for the development of its Madaouela Project in Niger.

GoviEx CEO, Daniel Major, said:

“The Ivanhoe name is synonymous with discovery and innovation, and members of Ivanhoe Industries have been part of the development of several leading resource, energy and technology companies worldwide. We are delighted to have Ivanhoe Industries join us as a strategic partner.

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