News

TORONTO, ONTARIO – October 4, 2022 – Madison Metals Inc. (the “Company” or “Madison”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce the appointment of Ryan Thompson as the Company’s new Chief Strategy Officer (CSO). Thompson will manage Madison’s relationship with Lux Partners Ltd. (“Lux”) amongst other duties for the Company.

Toronto, ON – September 30, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce the signing of a historic and first-of-its-kind uranium forward sales agreement with Lux Partners Ltd. (“Lux”). Lux operates Lux Network, the first decentralized blockchain integrated with and operated by a network of regulated bank and money transmitter partners. The five-year exclusive supply agreement provides for the delivery of up to 20 million pounds of U3O8 from Madison’s uranium projects in Namibia following the commencement of commercial production. The fulfillment of the U3O8 delivery would back the first-ever uranium-backed non-fungible tokens (“NFTs”).

TORONTO, ON – September 29, 2022 – Madison Metals Inc. (“Madison” or the “Company”)(CSE: GREN) is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market in the United States under the symbol (OTCQB: MMTLF). Trading commences on September 29, 2022. Investors in the US can find current financial disclosure and Real-Time Level 2 quotes in US currency for the Company on www.otcmarkets.com.

TORONTO, Sept. 19, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTC: MMTLF) is pleased to provide an update to the binding letter of intent (“LOI”) with Otjiwa Mining and Prospecting CC (“Otjiwa”) pursuant to which Madison would acquire an 85% interest in Exclusive Prospecting Licences 8531 (“EPL-8531”) and 8115 (“EPL-8115”) (the “Transaction”). EPL-8531 and EPL-8115 are located in the renowned Erongo Uranium Province of Namibia, Africa, where Madison already holds rights to Exclusive Prospecting License 7011 (“EPL-7011”) and has an agreement to acquire a 24% direct interest in Mining Licence 121 (“ML121”) (Figure 1). Through the Transaction, Madison is looking to consolidate ownership of land holdings in the uranium province with the goal to build upon minable uranium resources by expanding currently known uranium zones and making new discoveries. Namibia is the world’s second-highest uranium-producing country and holds the fifth-largest total uranium resources in the world.

TORONTO, Sept. 13, 2022 — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTC: MMTLF) is pleased to announce that it has entered into an agreement on September 12, 2022 to acquire a 23% interest in Mining Licence 121 (“ML121”) through the acquisition of 24 shares of Namibia Nuclear Corporation (Proprietary) Limited (“Namibia Nuclear”) which equals a twenty-four percent (24%) ownership interest in Namibia Nuclear, by way of a share purchase agreement (the “SPA”). The consideration paid to the vendors will be $2,000,000 (USD) and 2,000,000 common shares in the capital of the Company to be paid and issued on the closing date, subject to certain conditions precedent contained in the SPA. ML121 is located in the renowned Erongo Uranium Province of Namibia, Africa, where Madison already holds rights to Exclusive Prospecting License 7011 (“EPL-7011”) (Figure 1). Namibia is the world’s second-highest uranium-producing country and holds the fifth-largest total uranium resources in the world.

TORONTO, ONTARIO – September 7, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTC: MMTLF) is pleased to announce that it has received approval from the Ministry of Mines and Energy, Republic of Namibia for the partial (1/3) transfer of three separate concessions held by Giraffe Energy Investments Close Corporation (“Giraffe Energy”) and Otjiwa Mining and Prospecting Close Corporation named the Rössing North Uranium Project (the “First Transfer”) to Pennywort Investments (Pty) Limited, a wholly owned subsidiary of the Company. In connection with the completion of the First Transfer, the Company issued 533,333 common shares at a price of CAD$0.52 and made a cash payment in the amount of CAD$50,000.00 to Giraffe Energy.

TORONTO, ONTARIO, July 27, 2022, Madison Metals Inc. (the “Company”) (CSE: GREN) is pleased to announce the closing of its non-brokered private placement (the “Placement”). The Company issued 1,598,996 units (the “Units”) at a price of $0.60 per Unit for gross proceeds of $959,398.

TORONTO, July 11, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce the delineation of two new uranium anomalies at its Rössing North Uranium Project in Namibia, Africa, one of the world’s top uranium-producing countries. Additionally, Madison is making ongoing exploration progress on its Exclusive Prospecting License 7011 (“EPL-7011”), a major untested anomaly adjacent to the Rössing Uranium Mine in the renowned Erongo uranium province of Namibia.

TORONTO, June 21, 2022 — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce that the 2021 field exploration season identified follow-up drill targets to further confirm and expand on the Rössing geological model for uranium deposits thought to exist on the Kenora project.