Madison Metals Inc.

News

Stay updated with the latest press releases and news, reflecting Madison Metals' ongoing developments and achievements in the uranium sector.

Madison Metal Mining Location
News

Press Releases

Browse through our press releases archive to uncover Madison Metals' milestones and strategic updates, filterable for your convenience by category and date.
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Madison Metals Announces Non-Brokered Private Placement

Corporate
Financial Updates
March 12, 2024
2024

Madison Metals Returns 8.47% U3O8 in High-Grade Uranium Discovery at Khan Project in Namibia

February 7, 2024 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce a momentous breakthrough with the discovery of high-grade uranium mineralization at Anomaly 5, located within the Company’s Khan Project at Madison West in Namibia’s highly prospective Erongo uranium province. These remarkable findings, which include a surface sample of 8.47% U3O8, represent a significant expansion of new uranium mineralization, extending Madison’s footprint and project pipeline.
Namibia
Exploration
Madison West Project
February 7, 2024
2024

Madison Metals Provides Update for its Uranium Forward Sales Agreement with Sanmiguel Capital Investment

TORONTO, ON – January 22, 2024 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to provide an update on its uranium forward sales agreement with Sanmiguel Capital Investment (Bahamas) Ltd., a financial advisory firm assisting with the administration. Since November 2023, Madison Metals has successfully received funds for its first tranche of the Company’s forward sales agreement, at an average price of US$68 per lb. This achievement underscores the uranium agreement’s effectiveness in securing favorable pricing, well above the contractual established US$45 price floor. As there is no price ceiling, Madison’s forward sales agreement provides upside potential for advantageous pricing as the market continues to surge. The significant flexibility of the forward sales agreement allows the Company to adapt and capitalize on the uranium market’s upward price trajectory.
Financial Updates
Strategic Partnerships
Technology
January 22, 2024
2024

Madison Metals Announces Frankfurt Stock Exchange Listing

TORONTO, ON – December 15, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce the listing of the Company’s common shares on the Frankfurt Stock Exchange (“FSE“) under the trading symbol “4EF0“. The Company’s shares are also cross-listed on the Canadian Securities Exchange (CSE: GREN) and on the OTC Markets in the United States (OTCQB: MMTLF).
Corporate
December 15, 2023
2023

Madison Metals Identifies High-Grade Uranium at Khan Project in Namibia

TORONTO, ON – December 12, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to provide an update on its recent exploration activities at the Company’s Khan Project at Madison West in Namibia’s highly prospective Erongo uranium province. The project consists of Mining Licence 86A (“ML86A”) and Exclusive Prospecting Licence 8905 (“EPL-8905”) and is immediately southwest of the producing Rössing Uranium Mine (Figure 1). Historically, detailed exploration for uranium has never been conducted at ML86A due to copper mining activities within the licence.
Madison West Project
Namibia
December 12, 2023
2023

Madison Metals Closes Fully Subscribed Private Placement For $500,000 Comprised of $460,000 Cash and $40,000 Debt and Announces Option Grant

TORONTO, ON – December 11, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that, further to its press release dated December 4, 2023, it has issued 1,150,000 units (the “Units”) at a price of CDN$0.40 per unit for aggregate gross proceeds of $460,000 (the “Private Placement”). Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) with each Warrant entitling the holder thereof to purchase one Common Share at a price of CDN$0.60 for up to 12 months. The Company has also issued an aggregate of 100,000 Units to Duane Parnham, the Chairman and Chief Executive Officer and a director of the Company, and Ryan Thompson, the Chief Strategy Officer of the Company (together, the “Related Parties”), as payment for debt owing to the Related Parties in an aggregate amount of $40,000.
Corporate
Financial Updates
December 11, 2023
2023

Madison Metals Engages Euroswiss Equity Group for European Investor Relations

TORONTO, ON – December 7, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce a strategic partnership with Euroswiss Equity Group (“Euroswiss”) to enhance its business development, media awareness, and investor relations initiatives in Europe.
Corporate
Strategic Partnerships
December 7, 2023
2023

Madison Metals Proposes Strategic Private Placement of Units

TORONTO, ON – December 4, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce a private placement of units (the “Units”) at a price of CDN$0.40 per unit for aggregate gross proceeds of up to CDN$500,000. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) with each Warrant entitling the holder thereof to purchase one common share of the Company at a price of CDN$0.60 for up to 12 months.
Financial Updates
December 4, 2023
2023