Goviex Uranium Inc. Stock Analysis GXU.V

GoviEx Uranium, Inc. engages in the acquisition, exploration, and development of uranium properties. The company is headquartered in Vancouver, British Columbia and currently employs 25 full-time employees. The company went IPO on 2014-06-20. The firm is focused on exploring and developing its 100%-owned Muntanga uranium project in Zambia. The Muntanga Project comprises three mining licenses and three exploration licenses with a total combined area of 1,225.9 square kilometers (km2). The three mining licenses include Muntanga, Dibbwi and Chirundu, encompassing 720.5 km2. The Chirundu mining license, which includes the Njame (north and south) and Gwabi uranium deposits, as well as the Kariba Valley (Chisebuka) exploration license. The Muntanga Project contains Measured and Indicated Mineral Resources of approximately 42.6 million tons at an average grade of 359 ppm U3O8, containing 33.7 million pounds of U3O8, and an Inferred Mineral Resource of 15.0 million tons at an average grade of 330 ppm U3O8, containing 10.9 million pounds of U3O8 in five deposits (Muntanga, Dibbwi East, Dibbwi, Gwabi, and Njame), located over 65 km strike.