- GoviEx (GXU) has appointed top mining financial advisory firm Endeavour Financial to guide its Madaouela Project in Niger
- Endeavour has achieved over US$4 billion in debt finance and US$500 million in royalty and stream finance since inception
- The companies’ complementary expertise in Africa ultimately motivated the appointment
- GoviEx is focused on the exploration and development of uranium properties in Africa
- GoviEx (GXU) is up by 4.17 per cent and is currently trading at $0.375 per share
GoviEx (GXU) has appointed top mining financial advisory firm Endeavour Financial to guide its Madaouela Project in Niger.
Endeavour Financial specializes in multi-sourced funding solutions for development-stage companies. Founded in 1988, the company has achieved over US$500 million in royalty and stream finance, US$4 billion in debt finance and US$28 billion in mergers and acquisitions.
Daniel Major, GoviEx’s CEO, stated,
“We look forward to working with Endeavour Financial in developing the optimum financing solution for the Madaouela Project. Endeavour Financial provides a full service approach towards the financial advisory role including support on debt advisory, offtake finance and technical and environmental guidance. Endeavour Financial’s track record in mine financing and especially in developing jurisdictions, including Africa, speaks for itself, and their decision to work with GoviEx I believe underlines the quality of the Madaouela Project. We expect that ultimately production financing will be some combination of debt, royalties or streaming, and equity, with a focus on keeping the equity portion as low as possible.”
David Rhodes, Managing Director of Endeavour Financial, added,
“Endeavour Financial is delighted to be able to work with the GoviEx team to evaluate and execute financing for the development of this high-class asset in Niger, a country that since the 1970s has been a recognized and reliable major uranium producer.”
GoviEx is focused on the exploration and development of uranium properties in Africa.
GoviEx (GXU) is up by 4.17 per cent and is currently trading at $0.375 per share as of 1:35 pm ET.