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Atomic Eagle Ltd (ASX:AEU)

ALERT: Price-sensitive ASX Announcement for AEU
Current share price for AEU : $0.460 -0.02 (-4.17%)+
Announcement
Release
18 Jun 2026 8:19AM
Price at Release
$0.480
Full Release
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Summary
Atomic Eagle Limited issued a statement concerning the Madaouela Uranium Project in Niger, following a media release by Niger's Ministry of Mines. The statement addressed Atomic Eagle's ongoing negotiations with the Ministry regarding the resumption of the Madaouela project, which is one of the largest uranium deposits in the region. These negotiations follow the withdrawal of a mining permit from Goviex Uranium Inc. in 2024 and subsequent arbitration proceedings. Despite technical and legal discussions that took place from June 7 to June 15, 2026, the negotiations remain non-binding and incomplete, with no certainty of a transaction being concluded or the terms if it were. The discussions are part of Niger's broader mining sovereignty policy.
Key Points
  • Atomic Eagle Limited responding to a media statement by Niger's Ministry of Mines.
  • Negotiations ongoing for the Madaouela Uranium Project resumption.
  • Project is one of the largest uranium deposits in the region.
  • Negotiations follow Goviex Uranium Inc.'s permit withdrawal in 2024.
  • Technical and legal discussions held in June 2026.
  • Negotiations remain non-binding and incomplete.
  • Part of Niger's mining sovereignty policy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.