Madison Metals receives nuclear fuels licence for Khan Uranium project
The government of Namibia has issued Madison Metals licensee to extract nuclear fuels at its active Mining Licence 86A.
This licence is part of the Madison West property, which includes the historic Khan Copper Mine and a recently discovered high-grade uranium deposit. Duane Parnham, Executive Chairman and CEO of Madison made the announcement and expressed gratitude to the Namibian government for their support, emphasizing the significance of sustainable mining projects that instill confidence in foreign investors.
He also thanked Namibian partners for their professionalism and support as the company aims to fast-track the Khan project back into production. Madison Metals is committed to delivering shareholder value by advancing its uranium assets and exploring opportunities in base, precious, and critical metals.
Uranium in Namibia
Madison Metals Inc., is an upstream mining and exploration company with a focus on sustainable uranium production in Namibia and Canada. With extensive experience and expertise in mining operations, particularly in Namibia, Madison Metals is poised to leverage its geological and financial capabilities to create shareholder value.
Namibia has one of the richest uranium mineral reserves in the world. There are currently two large operating mines in the Erongo Region and various exploration projects planned to advance to production in the next few years. Uranium mining in Namibia is of considerable importance to the national economy. In 2020, Namibia produced 11% of uranium worldwide, ranked as the second largest producer, behind Kazakhstan.
