Atomic Eagle (ASX:AEU) has confirmed that its Chairman and CEO visited the Republic of Niger, where the Madaouela Uranium Project is located, to meet with the Ministry of Mines for technical and legal discussions.
The meeting was intended to draft a new mining convention to frame the resumption of operations at Madaouela.
To date, negotiations are non-binding and incomplete, with agreements yet to be executed.
A statement from the Ministry of Mines of the Niger Government says that “as part of the mining sovereignty policy led by the Government of the Republic of Niger, the Minister of Mines, Colonel-Commissioner Abarchi Ousmane, granted an audience this Monday, 15 June 2026, to a delegation from the company GOVIEX SA (GoviEx Uranium)”.
“This delegation, which had been staying in Niamey for a week, held technical and legal discussions with the teams from the Ministry of Mines aimed at drafting a new mining convention to frame the resumption of the Madaouela project,” the statement says.
“This project, one of the most important uranium deposits in the sub-region, illustrates Niger’s determination to develop its natural resources under fairer and more equitable conditions, for the benefit of the Nigerien people.”
GoviEx withdrew its mining permit for the project in 2024 and commenced international arbitration proceedings. The company has been in negotiations with the Ministry of Mines since February 2025 to find a resolution.
In August 2025, Tombador Iron entered a binding agreement to acquire GoviEx Uranium and create an ASX-listed uranium explorer focused on Zambian assets, naming the company Atomic Eagle.
As reported by Mining.com.au, the merged group was expected to have a market capitalisation of $104.5 million upon completion.
Atomic Eagle listed on the ASX in November last year, with the newly named company focused on advancing the Muntanga Uranium Project in Zambia.
As of 18 June 2026, Atomic Eagle held a market capitalisation of $188.03 million.
Atomic Eagle is a mineral resource company focused on the exploration and development of uranium assets in Africa.
Write to Maddison Elliott at Mining.com.au
Images: Atomic Eagle
