Madison Metals Inc. is pleased to announce that it has been awarded an Environmental Clearance Certificate by the Namibian Ministry of Environment, Fisheries and Tourism for Exclusive Prospecting Licences 8531 and 8115 . The issuance of the ECC is underpinned by the submitted and approved Environmental Impact Assessments and Environmental Management Plans . The ECC is valid for a period of three years, ending on October [...]
Madison Metals Inc. announced today its intention to effect a normal course issuer bid through the facilities of the Canadian Securities Exchange. Pursuant to the NCIB, Madison may, during the 12-month period commencing on October 28, 2022 and ending on October 28, 2023, purchase on the Canadian Securities Exchange up to an aggregate of approximately 940,000 of Madison's common shares, representing approximately 5% of [...]
Madison Metals Inc. and Lux Partners Ltd. are pleased to announce the first capital inflow from the initial first tranche mint launch of the Lux Uranium token, with proceeds totalling net to Madison USD $5.12 million. The initial sales have exceeded all Lux projections as the non-fungible tokens continue to offer an exceptional value proposition, price discovery and transparency for exposure to uranium at a marginal [...]
Madison Metals Inc. is pleased to announce that it has engaged Investor Cubed Inc. to provide investor relations and shareholder communications services in Canada. "Working with several established players, Madison has rolled out an aggressive awareness program to raise its profile through media and investor communities. We believe adding Investor Cubed to the team will further increase our ability to introduce Madison to [...]
Madison Metals Inc. is pleased to announce the appointment of Ryan Thompson as the Company's new Chief Strategy Officer . Thompson will manage Madison's relationship with Lux Partners Ltd. amongst other duties for the Company. "I am honored to be joining the Madison team. It is a privilege to be part of a future-thinking organization that is working to apply innovative solutions to the world's energy crisis," said [...]
Madison Metals Inc. is pleased to announce the signing of a historic and first-of-its-kind uranium forward sales agreement with Lux Partners Ltd. . Lux operates Lux Network, the first decentralized blockchain integrated with and operated by a network of regulated bank and money transmitter partners. The five-year exclusive supply agreement provides for the delivery of up to 20 million pounds of U3O8 from Madison's uranium [...]
Madison Metals Inc. is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market in the United States under the symbol . Trading commences on September 29, 2022. Investors in the US can find current financial disclosure and Real-Time Level 2 quotes in US currency for the Company on www.otcmarkets.com. The Company has applied for DTC eligible to facilitate trading, settlement and [...]
Madison Metals Inc. is pleased to provide an update to the binding letter of intent with Otjiwa Mining and Prospecting CC pursuant to which Madison would acquire an 85% interest in Exclusive Prospecting Licences 8531 and 8115 . EPL-8531 and EPL-8115 are located in the renowned Erongo Uranium Province of Namibia, Africa, where Madison already holds rights to Exclusive Prospecting License 7011 and has an agreement to [...]
Madison Metals Inc. is pleased to announce that it has entered into an agreement on September 12, 2022 to acquire a 23% interest in Mining Licence 121 through the acquisition of 24 shares of Namibia Nuclear Corporation Limited which equals a twenty-four percent ownership interest in Namibia Nuclear, by way of a share purchase agreement . The consideration paid to the vendors will be $2,000,000 and 2,000,000 common shares [...]
Madison Metals Inc. is pleased to announce that it has received approval from the Ministry of Mines and Energy, Republic of Namibia for the partial transfer of three separate concessions held by Giraffe Energy Investments Close Corporation and Otjiwa Mining and Prospecting Close Corporation named the Rössing North Uranium Project to Pennywort Investments Limited, a wholly owned subsidiary of the Company. In connection [...]
Madison Metals is pleased to announce the closing of its non-brokered private placement. The Company issued 1,598,996 units at a price of $0.60 per Unit for gross proceeds of $959,398. Each Unit issued consists of one common share and one half of one common share purchase warrant. Each Warrant entitles its holder to purchase one common share for a period of two years from the date of issuance (the “Warrant Expiry Date [...]
Madison Metals is pleased to announce the delineation of two new uranium anomalies at its Rössing North Uranium Project in Namibia. Additionally, Madison is making ongoing exploration progress on its Exclusive Prospecting License 7011, a major untested anomaly adjacent to the Rössing Uranium Mine in the renowned Erongo uranium province of Namibia. “These very encouraging results have confirmed the expected high potential [...]
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