Madison Metals acquires more land for uranium

. Lazarus Amukeshe and Regina Murphy

CANADIAN mining company Madison Metals has bought more land in the Erongo region for its uranium mining activities.

The upstream mining and exploration company on Monday announced it had agreed to acquire 90% of the mining licence 86A and exclusive prospecting licence 8905.

A Ministry of Mines and Energy list of mining licences and exclusive prospecting licences shows that mining licence 86A was owned 100% by Khan Mining Ltd, while the exclusive prospecting licence 8905 belonged to Hasine Investment CC.Mining licence 86A measures 142ha, and exclusive prospecting licence 8905 measures 64ha.The list of applications for exclusive prospecting licences released on 12 July shows that 8 905 was still at the application stage.Madison Metals already owns exclusive prospecting licence 7011 and has an agreement to acquire a 24% direct interest in mining licence 121.The latest land acquisition comes after the company’s announcement on 19 […]

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