Madison Metals Inc. announces the termination of its uranium forward sales agreement with Sanmiguel Capital Investment Ltd. , an arm's length financial advisory firm assisting with the administration of uranium tokenization . To date, only 2,130 pounds of U3O8 priced at US$68 per pound has been purchased from initial uranium token sales. Madison will honour delivery if the investor meets all the contractual redemption and [...]
Madison Metals Inc. is pleased to announce that Reverse Circulation drill hole KM5RC003 has intersected strong uranium mineralization over minable widths under trench area TR003 . The RC hole was positioned at 55-degree azimuth facing northeast intersecting four distinct uranium mineralized radiometric D-type leucogranites over 157 metres . Spectrometer readings from chip sample bags returned values as high as 1.36% U3O8 [...]
Madison Metals Inc. is pleased to announce that the maiden 2024 drill program has commenced at the Company's Khan Project at Madison West, located in Namibia's highly prospective Erongo uranium province. Photo 1: Work underway at Madison's Khan Uranium Project, Namibia. May 22, 2024. Photo 2: Work underway at Madison's Khan Uranium Project, Namibia. May 22, 2024. Photo 3: Work underway at Madison's Khan Uranium Project [...]
Madison Metals Inc. announces an amendment to its agreement with Great Northern Energy Inc. on Madison's Kenora Uranium Project. Under the revised terms, Madison Metals has agreed to extend the first-year expenditure commitments into the second year of the agreement. This extension requires Great Northern Energy to invest CDN $600,000 in exploration activities by May 3, 2025, and an additional CDN $300,000 by May 3, 2026 [...]
Madison Metals Inc. is pleased to announce that it has entered into a media services agreement with Market One Media Group . Located in Vancouver and Toronto, Market One is a multiplatform media solution for the capital markets operating in editorial, video and digital media. The media message is distributed via broadcast, digital and social media channels, including media platforms such as BNN Bloomberg. Madison has [...]
Madison Metals Inc. is pleased to provide an update regarding ongoing geologic mapping being done in advance of a maiden 2024 drill program at the Company's Khan Project at Madison West in Namibia's highly prospective Erongo uranium province. The mapping program consisted of infill geological mapping along with ground scintillometer and spectrometer surveys over the previously announced Anomaly 5 drill targets. Madison's [...]
Madison Metals Inc. is pleased to announce that, further to its press releases dated March 12, 2024, March 25, 2024 and April 5, 2024, it has issued 860,000 units at a price of CDN$0.35 per unit for aggregate gross proceeds of CDN$301,000 in connection with the second tranche of a private placement . The first tranche of the Private Placement consisted of the issuance of 3,069,600 Units on March 25, 2024 for aggregate [...]
Madison Metals Inc. is pleased to announce that it intends to proceed with the second tranche of a private placement financing of units in the capital of the Company at a price of CDN$0.35 per Unit. The private placement was initially announced in a press release of the Company on March 12, 2024, and on March 25, 2024 the Company announced the closing of the first tranche of the private placement by way of the issuance of [...]
Madison Metals Inc. is pleased to announce that, further to its press release dated March 12, 2024, it has issued 3,069,600 units at a price of CDN$0.35 per unit for aggregate gross proceeds of CDN$1,074,360 in connection with the first tranche of a private placement . Each Unit consists of one common share and one-half common share purchase warrant . Each full Warrant entitles the holder thereof to purchase one Common [...]
Madison Metals Inc. is pleased to announce that it will be proceeding with a private placement financing consisting of the sale of up to 10,000,000 units in the capital of the Company at a price of CDN$0.35 per Unit for aggregate gross proceeds of a minimum of CDN$1,000,000 and a maximum of CDN$3,500,000 . Each Unit consists of one common share and one-half common share purchase warrant . Each full Warrant entitles the [...]
Madison Metals Inc. is pleased to announce additional assay results from the 2024 surface trench sampling program at the Company's Khan Project in Namibia's highly prospective Erongo uranium province. The first 10 results released on Feb. 7, 2024 included 8.47% U3O8 over one metre in Trench 6 . The new results from Trench 6 have expanded the anomalous width to 4.0 m grading an average of 2.78% U3O8. The assays confirm the [...]
Madison Metals Inc. is pleased to announce a momentous breakthrough with the discovery of high-grade uranium mineralization at Anomaly 5, located within the Company's Khan Project at Madison West in Namibia's highly prospective Erongo uranium province. These remarkable findings, which include a surface sample of 8.47% U3O8, represent a significant expansion of new uranium mineralization, extending Madison's footprint and [...]
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