Atomic Eagle Limited (‘Atomic Eagle’ or ‘the Company’) (ASX: AEU | OTCQX: AEUXF) refers to the media statement
recently released by the Ministry of Mines from the Government of the Republic of Niger, regarding the Madaouela
Uranium Project (‘Madaouela’).
The media statement noted 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, June 15,
2026, to a delegation from the company GOVIEX SA. 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. 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”.
As previously disclosed in the Prospectus 1, following the withdrawal of the Madaouela mining permit from Goviex
Uranium Inc (‘GoviEx’) in 2024, GoviEx commenced international arbitration proceedings but that since February
2025, GoviEx (now wholly owned by the Company) has been in negotiations with the Niger Ministry of Mines regarding
a resolution.
The Company can confirm that its Chairman and CEO visited Niger between 7 June 2026 and 15 June 2026 for
technical and legal discussions with the Ministry of Mines aimed at drafting a new mining convention to frame the
resumption of Madaouela.
The negotiations remain non-binding and incomplete until any agreements are executed. As such, there is no certainty
that a transaction will be concluded, nor is there certainty on the terms of the transaction if it were to be concluded.
Approved for release by the Board of Atomic Eagle Limited.
For further information, please contact:
Phil Hoskins Nathan Ryan
Chief Executive Officer Investor and Media Relations
Atomic Eagle Limited NWR Communications
E: info@atomiceagle.com.au E: nathan.ryan@nwrcommunications.com.au
P: +61 8 9200 3426 P: +61 420 582 887
Status of Madaouela Uranium Project – Response to Media Statement (V.AEUXF)
