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Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.
GoviEx Uranium CEO outlines the benefits and next steps following court approval for Tombador deal
Proactive - Interviews for investors
4 minutes 39 seconds
5 days ago
GoviEx Uranium CEO outlines the benefits and next steps following court approval for Tombador deal
GoviEx Uranium Inc (TSX-V: GXU, OTCQB: GVXXF) CEO Daniel Major spoke with Proactive’s Stephen Gunnion about the company’s future following the Supreme Court of British Columbia’s approval of its arrangement with Tombador Iron.
Major described the transaction as “transformational” for GoviEx, built around four key pillars: improved access to capital, enhanced technical expertise, a refreshed leadership team, and a streamlined share structure.
He noted that the company’s upcoming ASX listing, under the new name Atomic Eagle, will place it alongside peers such as Deep Yellow and Bannerman, giving it exposure to a market that understands African uranium projects.
The new entity will start with A$10.5 million in cash from Tombador and an additional A$10 million raised through the transaction—funds that will support continued exploration and development of GoviEx’s Muntanga Project in Zambia.
Major also highlighted the importance of Matador Capital becoming a significant shareholder group, bringing a track record of success from projects including Boss and Lotus. “We needed to complement our existing strengths—and this partnership achieves exactly that,” he said.
The deal received overwhelming shareholder support, with 99% voting in favour. For investors, no action is required during the transition.
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Proactive - Interviews for investors
Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.