Daniel Major, GoviEx Uranium: Africa is the Place to Be for Uranium | Summary and Q&A

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October 22, 2018
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Investing News
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Daniel Major, GoviEx Uranium: Africa is the Place to Be for Uranium

TL;DR

GoVx Uranium's CEO discusses the potential for uranium prices to continue rising due to increased buying by Camaco and closures of other mines.

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Questions & Answers

Q: What are the main reasons behind the recent increase in uranium prices?

The closure of mines, particularly Camaco's decision, and the shift from valuing uranium based on volume to value, have driven up uranium prices. Continued buying by Camaco is expected to further increase prices.

Q: How does mining in African countries compare to Canada and Kazakhstan?

African countries have a long history of uranium production, with relatively easy deposits and favorable government policies. Africa has also seen large takeovers by governments like Russia and China, making it an attractive region for mining.

Q: Can you explain GoVx Uranium's transition from a developer to a producer?

GoVx Uranium started as a developer and is now focused on turning their projects into mines. This transition, coupled with rising uranium prices, positions them to potentially become a producer, leading to increased investor interest.

Q: Will GoVx Uranium consider venturing into the vanadium space?

GoVx Uranium's focus is on being a uranium producer and not chasing after other metals. They are driven by their uranium deposits and the goal to be a leading uranium producer.

Summary & Key Takeaways

  • Uranium performed well in Q3 and GoVx Uranium's CEO believes this trend will continue in Q4, driven by Camaco's buying and mine closures.

  • African countries, where GoVx focuses its mining operations, have a long history of uranium production and favorable mining conditions.

  • GoVx is transitioning from a developer to a producer, aiming to turn their projects into mines and capitalize on rising uranium prices.

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