GoviEx to join Solactive Global Uranium and Nuclear Index ETF – Robert Friedland increases shareholding in GoviEx to18 million
VANCOUVER, CANADA –GoviEx Uranium Inc.(TSX-V: GXU; OTCQB: GVXXF) (“GoviEx”or “Company”), is pleased to announce that further to the announcement of an ordinary rebalancing in the Solactive Global Uranium & Nuclear Components Total Return Index(the “Index”), effective February 1, 2021,the Company will be included in the Index composition for the Global X Uranium ETF (NYSE:URA).
The Global X Uranium ETFtracks the Index. In addition, GoviEx will also be included in the Solactive Global Uranium Pure-Play(WKN:SLA7X5).
GoviEx is already included in the index composition for the North Shore Global Uranium Mining ETF (NYSE:URNM).
“The inclusion of our shares in both of these key uranium and nuclear indices is a vote of confidence inour Company and our assets. With our recently completed financing,GoviEx is very well positioned for the continued advancement of our project pipline,”noted Executive Chairman,Govind Friedland.
“The updated Pre-Feasibility Study for the Madaouela project in Nigeris rapidly nearing completion and upon thorough review,will be released.In Mali we are working with International Drillingto ramp upa6,000metreair-core drilling program expected to commence this coming week. Our team of geologists aretargeting near-surface gold-bearing structures that are along strike of the Siribaya trend at the Company’s Madini permit which forms part of the FaleaProject. In addition to the gold targets, Falea remains a very excitinguranium silver copper exploration play withknown resources that whilecurrently are considered unconformity type deposit havepotential for IOCG style mineralization. In Zambia, we received the renewal of the Kariba Valley exploration permit as well asinitial positive feedback from the Minister of Mines with regards to the Chirundumining licence.The Company will report further details whenavailable,” added Mr Friedland.
In an off-market transaction,Mr. Robert Friedland increased his shareholding in GoviEx toover 18 million shares, which represents over 3%of GoviEx’scurrent issued and outstanding Class A common shares, whichis in line with Mr. Friedland’s increasing investment in clean energy and the associated technologies.
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