Energy

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the "Company") is pleased to announce positive gold assay results following the completion of its air-core drilling program on the Madini exploration license ("Madini"), which is part of the Company's Falea Uranium Project.

International Drilling Company ("IDC"), from Senegal, conducted a 142-hole (6,354 metres) air-core drilling program to test the gold potential associated predominantly with soil anomalies, on Madini. The holes were sited, based on the previously reported soils and termite gold anomalies, and have been drilled to a maximum depth of 60 metres.

The assay results highlight some very remarkable intercepts, which warrant follow-up exploration. The best intercept reported was 3.98 g/t Au over 2 metres, and there were a number of interesting continuous lengths of lower grades that intercept from section to section. These intercepts appear to define a NNW-SSE trend, within the regionally defined Siribaya-Bambadinka trend. The results from all assays from the drilling programme have been received and validated.

"The results of this initial early-stage exploration gold program have come back with some compelling and positive assay results, which are exciting as they correlate well to the gold-in-soil and VTEM geophysical anomalies. These preliminary results are very encouraging and certainly warrant further exploration, particularly given the evidence that this ties into a larger regional system that hosts a tier one gold trend," noted Govind Friedland, Executive Chairman.

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Figure 1: Drillhole location map over SRTM elevation and gridded soils geochemistry results

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Closer analysis of VTEM data collected in 2011, but recently inverted by Intrepid Geophysics, shows that the anomalous gold grades from the drilling are closely associated with a conductive structure (See Figure 2). This seems to indicate an apparent structure associated with potential wrench faulting. These are known to host tensional gashes that often host gold mineralisation.

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Figure 2: VTEM channels 12 and 17 (near surface) showing conductive body associated with anomalous gold

To view an enhanced version of Figure 2, please visit:
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Hole IDFromToWidth_mGrade Au_ppm
MAC21003464820.54
MAC21005546061.09
MAC21006323421.22
MAC210252032120.51
384020.67
MAC210261222100.57
MAC21050182020.9
MAC21052505220.5
MAC21056464821.99
MAC21070323421.02
MAC2107181020.86
MAC21074525420.58
MAC21101161821.05
FAC2100481023.98

 Table 1: Summary of gold intercept above 0.5ppm cut off

Qualified Person Statement

The technical content of this press release has been reviewed and approved by Mr. Jerome Randabel, MAIG, Chief Geologist of GoviEx, a Qualified Person as defined in NI 43-101.

Technical Notes

Usual sample collection was carried out at the drill rig. A sample was collected at every two metres drilled and was split down to 2.5kg sample. These were assigned unique sample numbers and sent as batch to ALS process laboratory in Bamako, which will then be then sent to Ouagadougou, for assay.

For QAQC purposes Standard Samples - 2 different ones, Blanks and Duplicates were inserted every 20 samples. Any anomalous results were queried with the lab.

The samples were assayed using ALS method AU-AA26 using gold by Fire Assay and AAS finish. The laboratory ran blanks and standard samples to validate the results.

Hole IDEastNorthRL_mAzimuthDipDepth_m
MAC21-0012576991363420245270-5050
MAC21-0022576671363429247270-5060
MAC21-0032576301363426246270-5060
MAC21-0042575871363425246270-5042
MAC21-0052575571363425249270-5060
MAC21-0062575211363425248270-5050
MAC21-0072574931363426252270-5050
MAC21-0082574611363429252270-5050
MAC21-0092574211363426250270-5050
MAC21-0102573901363425255270-5050
MAC21-0112573591363427255270-5860
MAC21-0122573301363426249270-6050
MAC21-0132573081363426247270-5250
MAC21-0142572771363426243270-5050
MAC21-0152572451363427240270-5050
MAC21-0162578501363999227270-5060
MAC21-0172578061363995227270-5050
MAC21-0182577771363997230270-5060
MAC21-0192577381364000232270-5054
MAC21-0202577011363999234270-5050
MAC21-0212576711364001230270-5054
MAC21-0222576381363998232270-5050
MAC21-0232576041364000233270-5054
MAC21-0242575741363995230270-5060
MAC21-0252583751364099216270-5042
MAC21-0262583391364100217270-5050
MAC21-0272583091364101215270-5039
MAC21-0282582871364100213270-5048
MAC21-0292582561364101215270-5042
MAC21-0302582331364098214270-5048
MAC21-0312582001364103218270-5060
MAC21-0322581631364095217270-5060
MAC21-0332581251364098215270-5059
MAC21-0342589491362603237270-5042
MAC21-0352589171362602235270-5026
MAC21-0362588991362605232270-5054
MAC21-0372588651362603228270-5054
MAC21-0382588301362603227270-5054
MAC21-0392588011362602228270-5047
MAC21-0402587671362601230270-5048
MAC21-0412587361362602230270-5036
MAC21-0422587081362591228270-5054
MAC21-0432586761362600228270-5048
MAC21-0442586571362603229270-5048
MAC21-0452586151362599227270-5036
MAC21-0462585931362602226270-5048
MAC21-0472585641362600229270-5054
MAC21-0482585281362597231270-5022
MAC21-0492585031362603231270-5056
MAC21-0502584691362602231270-5040
MAC21-0512584411362604233270-5018
MAC21-0522584281362603233270-5054
MAC21-0532583931362601231270-5054
MAC21-0542583561362596231270-5042
MAC21-0552583231362603228270-5048
MAC21-0562582931362599230270-5059
MAC21-0572585421362151241270-5060
MAC21-0582585041362151242270-5055
MAC21-0592584661362155245270-5034
MAC21-0602584481362147244270-5038
MAC21-0612584211362155245270-5034
MAC21-0622583951362151245270-5026
MAC21-0632583731362150243270-5022
MAC21-0642583611362152242270-5024
MAC21-0652583431362147242270-5025
MAC21-0662583321362151243270-5020
MAC21-0672583161362148244270-5023
MAC21-0682582991362150243270-5018
MAC21-0692582751362148242270-5023
MAC21-0702582601362149241270-5036
MAC21-0712582381362154242270-5042
MAC21-0722591861362150234270-5048
MAC21-0732591501362147226270-5060
MAC21-0742591141362152226270-5054
MAC21-0752590771362156231270-5054
MAC21-0762590391362152231270-5060
MAC21-0772590041362153229270-5042
MAC21-0782597981361749214270-5048
MAC21-0792597671361755214270-5054
MAC21-0802597331361754215270-5048
MAC21-0812597011361751218270-5054
MAC21-0822596011361751226270-5054
MAC21-0832595671361750231270-5060
MAC21-0842595261361752229270-5054
MAC21-0852594881361756231270-5060
MAC21-0862594481361750232270-5054
MAC21-0872594121361755231270-5060
MAC21-0882593771361757236270-5048
MAC21-0892593401361740236270-5060
MAC21-0902593051361752236270-5048
MAC21-0912592721361751235270-5060
MAC21-0922595221360200228270-5040
MAC21-0932594981360195232270-5030
MAC21-0942594651360196233270-5030
MAC21-0952594401360213233270-5030
MAC21-0962594281360200234270-5030
MAC21-0972594091360201234270-5030
MAC21-0982593831360204236270-5030
MAC21-0992593651360204234270-5036
MAC21-1002593251360203235270-5036
MAC21-1012593021360202233270-5032
MAC21-1022592721360201233270-5032
MAC21-1032592481360203235270-5034
MAC21-1042592291360202238270-5036
MAC21-1052591951360202239270-5035
MAC21-1062591741360206238270-5042
MAC21-1072591451360204240270-5032
MAC21-1082591191360202242270-5060
MAC21-1092590841360193246270-5054
MAC21-1102590431360200248270-5060
MAC21-1112590071360202247270-5060
MAC21-1122589681360206247270-5060
MAC21-1132589251360198252270-5060
MAC21-1142588871360209249270-5057
MAC21-1152588481360202254270-5060
MAC21-1162588061360201255270-5060
MAC21-1172587721360199256270-5060
MAC21-1182587311360202254270-5060
MAC21-1192586931360206253270-5060
MAC21-1202582551362602232270-5048
MAC21-121258369136409621490-5055
MAC21-1222583671364103216270-5060
MAC21-1232583311364103215270-5054
MAC21-1242577441362607232270-5014
MAC21-1252577261362597230270-5018
MAC21-1262576941362605234270-5026
MAC21-1272576751362597234270-5016
MAC21-1282576461362603234270-5054
MAC21-1292576071362603236270-5054
MAC21-1302575681362602237270-5048
MAC21-1312575401362607240270-5054
FAC21-0012565041359002298270-5060
FAC21-0022564581359001305270-5018
FAC21-0032561361359438312270-5015
FAC21-0042561101359438313270-5014
FAC21-0052568391362904244270-5041
FAC21-0062568141362900243270-5040
FAC21-0072567891362901244270-5037
FAC21-0082567621362901243270-5016
FAC21-0092567341362902245270-5014
FAC21-0102491721363900237270-5011
FAC21-0112491341363901240270-5017

 Table 2: Drillhole collars

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

About GoviEx Uranium

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Information Contacts

Govind Friedland, Executive Chairman
Daniel Major, Chief Executive Officer
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking statements include those related to any plans for the further exploration of Madini; intercepts appearing to define a NNW-SSE trend; and indications of structure associated with potential wrench faulting.

Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for the Falea Uranium Project; (ii) that projected low capital expenditures for the Falea Uranium Project will remain unchanged or improve; (iii) that the Company will be able to follow up on the positive results of the gold drill program with additional exploration; (iv) that the Company will be able to complete its planned CSR work as planned and (v) that the price of uranium will remain sufficiently high and the costs of advancing the Company's projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.

Factors that could cause actual results to differ materially from expectations include (i) the inability of the Company to complete follow-up exploration work on Madini; (ii) potential delays due to COVID-19 restrictions; (iii) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (iv) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (v) an increase in the Company's operating costs above what is necessary to sustain its operations; (vi) accidents, labour disputes, or the materialization of similar risks; (vii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (viii) generally, the Company's inability to develop and implement a successful business plan for any reason.

In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2020, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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Global Atomic Announces Q2 2022 Results

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today its operating and financial results for the three and six months ended June 30, 2022 .

HIGHLIGHTS

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Global Atomic Concludes Negotiations with the Government of Niger, forms Dasa Project Operating Company and appoints Board of Directors and Senior Management

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12), is pleased to announce the incorporation of Société Minière DASA S.A. or "SOMIDA", the Company's Niger mining subsidiary under which the Dasa Uranium Project will operate. SOMIDA will be governed by a Board of Directors comprised of six representatives from the Company and three representatives of the Government of Niger .

Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation)

HIGHLIGHTS:
  • Share ownership of SOMIDA will be 80% Global Atomic and 20% Government of Niger , including the 10% carried interest provided under the Niger Mining Code
  • The Niger Government will own 20% of the shares of SOMIDA and receive dividend income when paid
  • The Niger Government is obligated to contribute 10% of all capital and operating costs over the life of the mine
  • Moussa Souley, the former Managing Director of Orano's COMINAK Mine, has been appointed Managing Director of SOMIDA
  • Robert Parr , Mining Engineer, MBA, has been appointed Project Manager for Dasa

"Global Atomic Corporation would like to thank His Excellency, President Mohamed Bazoum and Madame Hadizatou Ousseini Yacouba, Minister of Mines of the Republic of Niger , for their support of the Dasa Project. We look forward to a long-term partnership in the development and operation of our outstanding new uranium mine which will benefit all Nigeriens", said Stephen G. Roman , Global Atomic's President & CEO.

"The Niger Government's decision to acquire and fund an additional 10% interest in the Dasa Project reflects their confidence in the quality of the deposit and longevity of the mine.  Uranium mining plays an important social-economic role in Niger , providing steady long-term employment and associated economic benefits including royalty payments, tax revenue at the local, regional and national levels, foreign exchange earnings and funds for regional development and local communities."

"This agreement demonstrates the Niger Government's commitment to support the Dasa Project, which will be viewed positively by our Banking Syndicate, who are currently conducting their Due Diligence review. We are now constructing the Dasa mining camp to house employees during construction and early-stage mine development. The Mine Site infrastructure is currently well advanced, with completion timed to coincide with commencement of mining operations and the collaring of the Portal, scheduled for November, 2022."

About Moussa Souley

Moussa Souley, is a Nigerien mining engineer, who from 2016 to 2021 was the Managing Director of the COMINAK Underground Mine a subsidiary of the French nuclear energy company Orano Group, located 100 kms north of the Dasa Project.  The Cominak Mine employed over 1,000 people and shut down after 50 years of mining in March 2021 .

Starting in December 2002 , Mr. Souley held several management positions with Orano (previously AREVA) in Niger and France.  Prior to that Mr. Souley worked as a mining engineer for Noranda in Canada , where he also studied mining and mineral processing engineering and received his Masters Degree in Mineral Economics from the University of Montreal .  Mr. Souley has also lectured and designed workshops at the Engineering School of Mines, Industry and Geology in Niamey, Niger .  Mr Souley speaks French and English.

About Robert Parr

Robert Parr is a mining engineer with more than 25 years' operational and technical experience across both underground and open pit operating environments.  He brings valuable and extensive experience from the significant time he has spent on Australian and international projects ( Africa , South America , Asia and Scandinavia).  Mr. Parr has recently held the roles of Chief Operating Officer for both a leading African mining contractor (SFTP Mining) and a large Colombian gold miner ( Caldas Gold ).  Prior to that he was the Project Director for constructing Sissingue Gold Mine in Ivory Coast .  He also has mine construction experience with Ranger Uranium (Rio Tinto, Australia ), Hecla Mining (San Isidora, Venezuela ), Barrick Gold (Bulyanhulu, Tanzania ) and Porgera Joint Venture (Barrick, Nui Guini ).  Mr. Parr speaks native English, conversational French and Spanish, and beginner Arabic.  He is a member of AusIMM and qualifies as a Competent Person for evaluating mining reserves.

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production.  The Phase 1 Dasa Feasibility Study filed December 2021 represents approximately 20% of the current resource and estimates 45.4 million pounds U 3 O 8 production over a 12-year period to commence by the end of 2024.  Mine excavation began in Q1 2022.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Turkey . The plant recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.  Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and  phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.  Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE Global Atomic Corporation

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Significant Uranium And Copper Mineralisation Identified At Surprise Creek ProjectDuring Field Program

Valor Resources Limited (Valor) or (the Company) (ASX:VAL) is pleased to announce the initial findings of a reconnaissance field program at the Surprise Creek Project (the Project) in northern Saskatchewan. This work has confirmed several historical uranium and copper targets and identified some new, previously unrecorded uranium and copper occurrences. A total of 36 samples were collected from the uranium and copper occurrences which have been submitted for assay. Assay results are expected in around four weeks.

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UEX CORPORATION Announces Further Superior Proposal

(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - August 9, 2022 UEX Corporation (TSX:UEX) (OTC:UEXCF) (" UEX " or the " Company ") announces that the Board of Directors of the Company (the " Board ") has unanimously determined, after consultation with its financial and legal advisors, that the unsolicited non-binding proposal that was received by the Company from Denison Mines Corp. (" Denison ") on August 8, 2022 (the " Denison Offer ") for the acquisition of all of the issued and outstanding common shares of UEX (" UEX Shares ") in consideration for common shares of Denison (" Denison Shares ") constitutes a "Superior Proposal" under the arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, Uranium Energy Corp. (" UEC ") and UEC 2022 Acquisition Corp. (the " UEC Arrangement Agreement ").

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Denison Delivers Further Acquisition Proposal to UEX

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) has made a further proposal (an "Acquisition Proposal") to acquire all of the issued and outstanding shares of UEX Corporation ("UEX"). Under the terms of the Acquisition Proposal, UEX shareholders would receive 0.32 shares of Denison in exchange for each share of UEX held, which represents an implied purchase price of $0.51 per UEX share, on a spot basis, as of the market close on August 8, 2022 . View PDF version.

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UEX Corporation Announces Receipt of Acquisition Proposal and Postponement of Securityholders' Meeting

(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - August 8, 2022 UEX Corporation (TSX:UEX) (OTC:UEXCF) (" UEX " or the " Company ") announces that it has received an unsolicited non-binding proposal from a company (the " Offeror ") for the acquisition of all of the issued and outstanding common shares of UEX in consideration for common shares of the Offeror by way of plan of arrangement (the " Offer ").

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