Atomic Eagle and Niger Forge Agreement to Advance Madaouela Uranium Project

Atomic Eagle regains 60% of Niger’s Madaouela uranium project, will end arbitration

The agreement stands out against Niger’s broader push for greater state control over its uranium industry and gives Atomic Eagle a second advanced African uranium project alongside its flagship project in Zambia

Atomic Eagle and Niger forge agreement to advance Madaouela Uranium Project

Atomic Eagle Ltd. is pleased to announce it has agreed to terms of a mining convention with the Republic of Niger, restoring its interest in the Madaouela Uranium Project, which hosts a significant Mineral Resource estimated at 116.5Mlbs of U₃O₈. This development, combined with Atomic Eagle’s flagship Muntanga Project in Zambia, holding a JORC Mineral …

Global Atomic Corp. (TSX:GLO) - Niger Uranium Decisions Should Ease the Jurisdictional Overhang - Research Portal

On August 21st, Niger’s cabinet awarded two uranium mining permits: Madaouela I, revoked from GoviEx in July 2024, to Atomic Eagle (ASX:AEU, Not Rated) under an agreed Mining Convention, and In Azaoua, which covers Somaïr, to the new state entity Tsumco SA. We view both awards as net positive for Global Atomic (GLO). Perceived Niger jurisdictional risk has been the single biggest overhang on the Dasa debt package, with US development bank Credit/Investment Committee and Board sign-off repeatedly slipping, and the time required to arrange financing pushed our Dasa start-up estimate to Q2/29 from Q4/28. The Atomic Eagle settlement is exactly the kind of precedent that helps lenders underwrite country risk on a new build, while the Somaïr award makes it clear that the Government wants uranium production to continue. Importantly, GLO does not need to negotiate a new agreement, as Dasa's Mining Convention is already in place, so this is a read-through on jurisdictional perception for lenders rather than a template GLO must follow. Nothing here accelerates the Credit Committee timeline, but it de-risks the backdrop for that decision and supports our view that debt, or a partial JV or asset sale management now discusses with potential "JV partners" in the plural, remains achievable on terms materially better than the current 0.23x P/NAV implies.

Atomic Eagle returns to Niger’s Madaouela uranium project

ATOMIC Eagle has agreed terms with the Republic of Niger to re-establish its interest in the Madaouela uranium project, which hosts a mineral resource of 116.5 million pounds of uranium oxide (U₃O₈), based on a foreign estimate. The agreement, known as a Mining Convention, sets out the new ownership arrangements, with Atomic Eagle holding a 60% interest and operational control and the Niger government holding 40%. The State’s interest comprises …

Atomic Eagle secures Niger project

ASX-listed Atomic Eagle has agreed terms of a mining convention with Niger to re-establish its interest in the Madaouela uranium project, which hosts a mineral resource of 116.5-million pounds of triuranium octoxide (U₃O₈). The addition of the Madaouela project, alongside a 58.8-million-pound U₃O₈ Joint Ore Reserves Committee (Jorc) mineral resource at the company’s flagship Muntanga project, in Zambia, establishes a dual-asset uranium developme…

Atomic Eagle extends African uranium portfolio with high-grade project in Niger

Madaouela hosts a non-JORC resource totalling 116.5 million pounds uranium oxide at a grade of 1282 parts per million U3O8. ... The post Atomic Eagle extends African uranium portfolio with high-grade project in Niger appeared first on Stockhead.