https://www.miningweekly.com
Exploration|Mining|Sustainable
Exploration|Mining|Sustainable
exploration|mining|sustainable

Madison’s CEO ups stake in company

25th October 2023

By: Creamer Media Reporter

     

Font size: - +

Mining and exploration firm Madison Metals executive chairperson and CEO Duane Parham has increased his investment in the company, acquiring a further 233 000 shares on the open market.

Prior to the acquisition, Parnham held 1.89-million shares and he now holds 2.12-million shares, representing 10.6% of the company’s common shares on an undiluted basis.

“The current course of Madison Metals’ development reminds me of 2007. That year, uranium prices soared to $140 per pound, and my small uranium company at the time catapulted to a C$860-million market cap from its start-up status. Given the calibre of our uranium assets, the management team’s track record in asset development, and the tailwinds in the overall uranium market, I have confidence in the direction and value of Madison,” Parnham said.

Madison focuses on sustainable uranium exploration and production at its flagship assets in Namibia.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.196 0.236s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: