Boost for Madison's uranium hunt

Madison Metals Inc. has successfully renewed Exclusive Prospecting License 7011 within the Madison North project area, adjacent to the internationally renowned Rössing Uranium Mine in the Erongo uranium province of Namibia.The Toronto-based green energy resource group said the renewal is significant for Madison’s portfolio as the company holds an 85% interest in EPL-7011 and it is located in a well-known uranium belt.“EPL-7011 bolsters Madison’s strategic land positioning and there is an NI 43-101 technical report, affirming the license’s potential for uranium deposits,” said Duane Parnham, executive chairman and CEO of Madison Metals. “This report, alongside the renewal and the previously obtained Environmental Clearance Certificate, underlines Madison’s commitment to responsible exploration and development.”Emphasising the importance of this renewal, Parnham added: “The strategic renewal of EPL-7011, supported by an NI 43-101 technical report, aligns with our focused approach in maintaining and expanding our presence in this uranium-rich area. Our current efforts are centred on strategic exploration and drilling for potential deposit expansions on adjoining concessions.”AnomaliesThe ministry of mines and energy in June last year approved the transfer of EPL-7011 to Pennyworth Pty, which is majority-owned by Madison, with Namibian partners holding 15%. EPL-7011 and EPL-8513 make up Madison’s Rössing North Uranium Project.Madison last July announced the delineation of two new uranium anomalies at its Rössing North Uranium Project.“These very encouraging results have confirmed the expected high potential of EPL-7011,” Parnham said at the time. “Our team expects to plan drilling of the anomalies to further define the potential for a major uranium deposit on Madison’s Rössing North Project,” he added.Madison Metals continues its prudent approach, ensuring exploration and development activities are aligned with environmental stewardship and stakeholder value, the company said.The company is dedicated to strategically advancing its uranium assets with a keen eye on creating shareholder value through judicious and environmentally conscious exploration activities, Madison added.

Boost for Madison's uranium hunt

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Republikein 2025-07-02

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Boost for Madison's uranium hunt

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