GoviEx Uranium says it “warmly welcomes” the reinstatement of its Chirundu mining license in Zambia

As the uranium market improves, GovieEx plans to “reinvigorate” the development of the Mutanga Project with targeted resource exploration drilling later this year The company said it looked forward to ‘advancing and deepening’ its long-term and ‘mutually beneficial relationship with the Republic of Zambia’ GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) (FRA:7GU) announced that it has received a letter from the Mining Cadastre Department of the Republic of Zambia, notifying it that the previously cancelled Chirundu mining license (12634-HQ-LML) has now been reinstated.

"We warmly welcome the decision made by the Mining Cadastre concerning the reinstatement of the Chirundu mining license and believe this decision was well-considered and in the best interests of all stakeholders in Zambia and abroad,” GoviEx Executive Chairman Govind Friedland said in a statement.

He noted that the Zambian Government has telegraphed its strategy to diversify its mining industry from the heavy weighting of base metals, and advance “its […]

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