Drill rig at GoviEx Uranium’s Madaouela project in Niger. Credit: GoviEx Uranium
GoviEx Uranium (TSXV: GXU) and the Republic of Niger will look to end their dispute over one of the world’s largest uranium projects following the signing of a letter of intent on Monday. Shares of GoviEx jumped on the news.
In the letter, the parties have agreed to a structured roadmap detailing “a mutually acceptable plan to negotiate a resolution” to the ongoing dispute regarding the Madaouela project, GoviEx said, adding that the letter formalizes its recent discussions held with Niger during and after the 2025 Mining Indaba conference.
As part of the process, GoviEx will temporarily suspend its arbitration proceedings under the ICSID Convention while discussions continue within the agreed framework. This suspension will remain in place until a resolution is reached, or until it is determined that no settlement…
