Madison Metals Inc. is pleased to announce that the Ministry of Mines and Energy of Namibia has granted permission for nuclear fuel extraction on the Company’s active Mining Licence 86A (“ML-86A”). This licence, located within Madison West, encompasses the past-producing Khan Copper Mine and the site of a recent high-grade uranium discovery.
Duane Parnham, Executive Chairman and CEO of Madison, expressed his gratitude to the Government of Namibia for their support of mining projects that benefit citizens in a sustainable and calculated manner, which also bolsters foreign investor confidence. He added, “On behalf of the Madison team, I would like to extend heartfelt thanks to our Namibian partners for their professionalism, friendship, and unwavering support as we work together to systematically fast-track the Khan project back into production.”
Madison Metals remains committed to its mission of delivering value to shareholders by advancing world-class uranium assets and exploring complementary opportunities in base, precious, and critical metals.
