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3 clusters · 17 sources · 11 days · First seen · Last updated

Atomic Eagle uranium projects in Niger and Zambia

Overview

Atomic Eagle is advancing uranium exploration and development projects in Niger and Zambia. In Niger, the company is seeking approximately $7.7 million USD to progress the Madaouéla uranium project following the resolution of a two-year dispute with the state over permit control.

A mining convention signed on September 23, 2026, establishes that the government of Niger will hold a 40% stake in the Madaouéla project, up from a previous 10% stake, while Atomic Eagle retains 60% and operational control. The agreement follows a period of legal dispute after Niger revoked the mining permit previously held by GoviEx (now Atomic Eagle) in July 2024, leading to international arbitration.

The new terms include a $10 million flat royalty payment to the state and commitments to local capacity building and the projected creation of approximately 1,000 jobs for Nigerien youth. The Madaouéla site is considered a significant resource, with estimated reserves of approximately 52,800 tonnes. This arrangement reflects a broader strategy by Nigerien authorities to increase state control and revenue from strategic natural resources following the 2023 coup.

Atomic Eagle plans to resume technical studies and aims to be ready for construction within approximately two years, pending financing and necessary authorizations. This development is part of a strategic shift for Niger as it seeks to diversify international investment partners and increase domestic revenue, moving away from historical reliance on French influence in the sector.

In Zambia, the company is conducting a 30,000-meter drilling program at the Muntanga Uranium Project. Recent drilling at Muntanga North and Namakande has identified significant uranium mineralization zones, and the company is using ground radiometric surveys to further refine exploration targets.

Entities

Atomic Eagle · Madaouela Mining Company · Niger · Global Atomic · Madaouela

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. [BUSINESS] 4 sources
    Niger signs new uranium agreement for Madaouela project

    Niger has signed a new agreement for the Madaouela uranium project, granting the state a 40% stake and granting Atomic Eagle 60% control, aiming to revive the sector and increase national mining revenue.

  2. [BUSINESS] 11 sources
    Niger increases stake in Madaouela uranium project to 40%

    Niger has signed a new agreement with Atomic Eagle to restart the Madaouela uranium project, increasing the state's stake to 40% and settling a previous legal dispute over mining rights.

  3. [BUSINESS] 3 sources
    Atomic Eagle advances uranium projects in Niger and Zambia

    Atomic Eagle is raising $7.7 million to restart its Madaouéla uranium project in Niger and reports successful drilling results at its Muntanga project in Zambia.

Sources

africa.businessinsider.com · africanminingmarket.com · afrikactus.com · agenceafrique.com · aqlame.com · aujourd8.net · cauris.africa · digitalmedianet.com · elbalad.news · fides.org · fr.infosgabon.com · ivorian.net · netafrique.net · nigeractu.info · tamtaminfo.com · tchadvision.com · von.gov.ng

This summary has been updated 2 times: see revision history