Madison Metals
Richard Lake Uranium Project
Investment Highlights
Uranium Mining in Canada
- 100% interest into 29,827 ha regional scale drill ready uranium project
- Former producing Richard Lake Uranium Mine
- >33 selected radioactive field-tested anomalies sampled by others requiring follow-up
- Experienced management team from Forsys Metals Uranium project value. This team licensed a uranium mine in Namibia Africa taking the market cap from C$45,000 to C$860m during their tenure.
- Huge exploration upside having Rossing type model (>200mt of U3O8 at 0.02% ore)
- Technical team with Dr. Roger Laine that has done it before at Areva and Forsys Metals
- Seed capital raised at C$3m pre-money valuation
- Attractive value lift -acquisition costs offer immediate 5 times to current market comps
Kenora, ON
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Richard Lake Uranium Project
Kenora, ON
The New Campbell Mines (Richard Lake Property) (K0211) were the only occurrences with drifting and a resource model estimated at 590,000 tonnes of 0.10% U3O8 over a width of 3 m, and 210 m length, down to 300 m (internal report from the company by A.S. Bayne, 1976).
Download Our Kenora U Technical Report
Our Team
Management
Duane Parnham
CEO & Director
Richard G. Komarechka
P. Geo
Don McKinnon Jr.
Technical Advisor
Eric Myung
CFO
Jason Bagg
Investor Relations
News
Madison Metals Inc. Completes Private Placement
TORONTO, ONTARIO, July 27, 2021, Madison Metals Inc. (the “Company”) is pleased to announce...
Madison Metals Inc. Completes Share Consolidation
TORONTO, July 19, 2021 (GLOBE NEWSWIRE) -- Madison Metals Inc. (the “Company”) –...
Media
Articles
Is Uranium About to Go Nuclear?
“I don’t know about you, but I lie awake nights worrying about Canadian uranium. I know these people. I grew up there. You have no idea what they’re capable of doing. If Sidney Crosby hadn’t scored that goal to win the Olympic gold medal, there’s no telling what might have ensued.” – Charles Krauthammer
Uranium Surges to Six-Year High as Fund Buys Up Physical Supply
(Bloomberg) — Uranium, the commodity used to fuel nuclear power plants, has surged to the highest level since 2015 due in part to a single fund aggressively cornering the physical market.