TSX-V-listed GoviEx Uranium has received its radiological certificate for the Madaouela uranium project from the Nigerien government.
The radiological certificate is a regulatory requirement prior to starting mining operations and confirms the completion of radiological baseline studies.
The company says the Madaouela project is expected to have a significant positive effect on the Nigerien economy, with a proposed initial capital expenditure of $343-million.
The project is expected to create up to 800 skilled and semi-skilled jobs over its forecast 20-year mine life.
The Madaouela project is also expected to contribute substantial royalty payments and taxes to the Nigerien government, which holds a 20% stake in COMIMA SA, the Nigerien company set up to develop the project.
GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa.
Its principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Madaouela project, as well as its mine-permitted Muntanga project, in Zambia.