TORONTO, Nov.  14, 2022  (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that it has entered into a binding agreement with an arm’s length vendor to acquire a 90% direct interest in Mining Licence 86A (“ML86A”) and Exclusive Prospecting Licence 8905 (“EPL-8905”) with 10% free carry in favour of the vendor (the “Transaction”). ML86A and EPL-8905 are in the renowned Erongo Uranium Province of Namibia, Africa (Figure 1). Namibia is the world’s second-largest uranium-producing country and holds the world’s fifth-largest uranium total resource.
Madison to Acquire Additional Mining and Exclusive Prospective Licences in Namibia’s Renowned Uranium Province
Madison to Acquire Additional Mining and Exclusive Prospective Licences in Namibia’s Renowned Uranium Province --  Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that it has entered into a binding agreement with an arm’s length vendor to acquire a 90% direct interest in Mining Licence 86A (“ML86A”) and Exclusive Prospecting Licence 8905 (“EPL-8905”) with 10% free carry in favour of the vendor (the “Transaction”). ML86A and EPL-8905 are in the renowned Erongo Uranium Province of Namibia, Africa (Figure 1). Namibia is the world’s second-largest uranium-producing country and holds the world’s fifth-largest uranium total resource.