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GoviEx Uranium Submits Environmental and Social Impact Assessment for Muntanga Project
Newsfileยท 2025-09-23 10:00
Core Viewpoint - GoviEx Uranium Inc. has submitted the Environmental and Social Impact Assessment (ESIA) for its Muntanga Uranium Project in Zambia, marking a significant step in the project's development and permitting process [1][2][3] Project Development - The ESIA submission follows a draft that received no objections from the Zambia Environmental Management Agency (ZEMA), allowing GoviEx to proceed with the filing [2] - Approval of the ESIA is expected to take up to six months and is crucial for obtaining an Environmental Permit [3] - The ESIA is being reviewed alongside the Resettlement and Compensation Action Plan (RCAP), ensuring integration of environmental and social considerations [3] Financial Metrics - The Muntanga Project is designed as a shallow open-pit, heap leach operation with a projected mine life of 12 years, low operating costs, and strong financial returns [4] - A positive Feasibility Study indicated an after-tax NPV at 8% of USD 243 million and an IRR of 20.8% based on a uranium price of USD 90 per pound U3O8 [4] Corporate Strategy - GoviEx is undergoing a reverse takeover with Tombador Iron Limited, which will lead to a rebranding as Atomic Eagle Ltd and listing on the Australian Securities Exchange (ASX) [3] - This transaction aims to strengthen the company's balance sheet and enhance its capacity to advance the Muntanga Project [3]