Atomic Eagle Secures High-Grade 116Mlbs Madaouela Uranium Project (60% interest) | CEO Phil Hoskins
Atomic Eagle [ASX: AEU – OTCQB: AEUXF] CEO Phil Hoskins stated: “Re-establishing our interest in Madaouela represents a transformational outcome for Atomic Eagle significantly increasing our resource base and adding a second advanced uranium project to our project portfolio. Madaouela is a large, high-grade uranium asset supported by an extensive body of historical work, and we see clear opportunities to further define and optimise the Project’s development potential. This agreement has been achieved through constructive engagement with the Government of Niger and delivers a strong, commercially balanced outcome following a period of dispute. I would like to thank Niger’s Minister of Mines, His Excellency Colonel-Commissioner Abarchi Ousmane and his team for sharing our commitment to finding a mutually beneficial solution to the historical dispute.”
Atomic Eagle has agreed terms of a mining convention with the Republic of Niger to re-establish its interest in the Madaouela Uranium Project, which hosts a Mineral Resource of 116.5Mlbs U₃O₈ (Canadian NI43-101 estimate). The addition of the Madaouela Project, alongside a 58.8Mlbs U₃O₈ JORC Mineral Resource at AEU’s flagship Muntanga Project in Zambia, establishes a dual-asset uranium development platform with materially increased scale and portfolio depth. Supported by extensive historical drilling and prior technical studies, Madaouela provides a substantial foundation for further evaluation and optimisation, while increasing the Company’s flexibility to pursue a range of development, funding and strategic pathways.
Atomic Eagle secures high-grade Madaouela Uranium Project
Madaouela Uranium Project: Foreign Mineral Resource Estimate of 116Mlbs U3O8@ 1282ppm
00:00 Intro
00:33 Madaouela Update
01:11 Negotiations Success
02:55 Ownership Terms
04:38 Valuation Impact
06:11 JORC Conversion Plan
07:59 Two Project Strategy
09:48 Permitting Timeline
10:50 Political Risk
12:46 Cash and Options
13:49 OTCQX Expansion
