Madison Metals Inc. is pleased to provide an update on its uranium forward sales agreement with Sanmiguel Capital Investment Ltd., a financial advisory firm assisting with the administration. Since November 2023, Madison Metals has successfully received funds for its first tranche of the Company's forward sales agreement, at an average price of US$68 per lb. This achievement underscores the uranium agreement's [...]
Madison Metals Inc. is pleased to announce the listing of the Company's common shares on the Frankfurt Stock Exchange under the trading symbol "4EF0". The Company's shares are also cross-listed on the Canadian Securities Exchange and on the OTC Markets in the United States . The FSE is one of the world's largest international trading centers for securities. Operated by the Deutsche Boerse AG, the FSE is the largest of [...]
Madison Metals Inc. is pleased to announce further developments regarding its forward sales agreement with Sanmiguel Capital Investments Ltd., an international banking organization responsible for the provisioning of the RWA Token project. In support of the token redemption protocol, Madison may execute uranium spot market purchases; build an in-house uranium inventory; purchase futures contracts; and/or purchase storage [...]
Madison Metals Inc. is pleased to announce the renewal of Exclusive Prospecting License 7011 in the Madison North project area, adjacent to the globally acclaimed Rössing Uranium Mine in the renowned Erongo uranium province of Namibia, Africa. This 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 [...]
Madison Metals Inc. is pleased to announce that Executive Chairman and CEO Duane Parnham has acquired 233,000 of the Company's common shares on the open market . Prior to the Acquisition, Mr. Parnham held 1,890,000 common shares in Madison. As a result of the Acquisition, Mr. Parnham now holds a total of 2,123,000 common shares, representing approximately 10.6% of the Company's common shares on an undiluted basis, and [...]
Madison Metals Inc. is pleased to provide an update on its corporate activities, which continue to be influenced by favourable uranium market conditions. With initial funds now being realized from the Company's forward sales agreement, Madison has the additional capital to further its main objective of advancing its flagship uranium assets in Namibia. Field Operations To achieve this objective and create a sustainable [...]
Madison Metals Inc. is pleased to announce that the uranium market has witnessed a robust upswing this year, with prices soaring over 20% in 2023, scaling over US$62 per pound for the first time since 2011. The surge has vastly outperformed other metals markets, signaling a bull phase for the sector. Key factors driving the uranium market resurgence are rooted in robust global supply and demand fundamentals. "This strong [...]
Madison Metals Inc. is pleased to announce that it has engaged Impact Capital Markets Inc. to provide investor awareness services to the Company. Impact Capital Markets is a full-service marketing agency that provides investor awareness campaigns. "This is a particularly exciting time for Madison. With the recent signing of our multi-year, uranium forward-sales agreement, we believe this is the right time to increase our [...]
Madison Metals Inc. is pleased to announce that the Company has received approval from the Namibian Ministry of Mines and Energy for the transfer of Exclusive Prospecting Licences 8531 and 8115 to PennyWort Investments Ltd, which is majority-owned by Madison with the Company's Namibian partners . As outlined in Madison's press release dated September 19, 2022, EPL-8531 hosts the historical uranium resource published by [...]
Madison Metals Inc. is pleased to announce the signing on May 30, 2023 of a multi-year uranium forward sales agreement with an international banking organization . The ten-year supply agreement provides for the commitment and delivery of the first 20 million pounds of U3O8 from Madison's in the ground resources. The IBO will facilitate market trades at a price to be determined at the time of transaction and within the [...]
Madison Metals Inc. is pleased to announce that the Company has signed, on May 16, 2023, a binding joint venture agreement for its Richard Lake Property in Kenora, Ontario, Canada with Great Northern Energy Metals Inc. , a well-capitalized private British Columbia-registered company. "We look forward to supporting Great Northern Energy Metals in their efforts to explore and develop our Kenora uranium project while freeing [...]
Madison Metals Inc. and Lux Partners Limited announced today that they have agreed to mutually terminate their partnership, effective immediately. This decision was made due to the challenging market conditions and climate, which have made it difficult to continue the partnership. One of the contributing factors to this decision were developments involving Stripe, Inc., the payment processing platform used by Lux. Stripe [...]
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