GoviEx Uranium Updates Madaouela Project Pre-feasibility Study Start-up Capital and Operating Costs Reduced

Vancouver, British Columbia–(Newsfile Corp. – February 18, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the Company") is pleased to announce the results of its updated pre-feasibility study (" Updated PFS ") achieving key objectives set by the Company designed to advance the Madaouela Uranium Project ( the "Project") towards Project financing and development.

Key Highlights: Open pit mining in the early years with CapEx reduced by 15% and OpEx down by 20%

Captive water source, consumption reduced by 66%

Grid level electrical power existing within Project boundary Prioritize local skilled labour and local venders Straightforward industry standard process design – reducing construction and operational risks Mining Permit and Environmental Certificate already secured Potential to service debt of USD 150-180 million Ability to fast track feasibility study in 2021 to target rapid development Next steps to accelerate project financing and offtake options The Updated PFS succeeded in […]

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