Madison Metals Announces Share Issuance in Connection to Acquiring Uranium Projects in Namibia
Madison Metals Announces Share Issuance in Connection to Acquiring
Uranium Projects in Namibia
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 Invest ments 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.
The Company has also issued 75,000 common shares for services rendered to Sanmiguel Capital Investment
(Bahamas) Ltd., a consultant to the Company.
About Madison Metals Inc.
Madison Metals Inc (CSE: GREN) (OTC: MMTLF) is a Canadian green energy resource company with
experienced management having particular expertise in the uranium mining industry. Madison’s corporate
objective is to build value by advancing Rössing -type uranium deposits identified in Kenora, Ontario,
Canada and Namibia, Africa by utilizing cutting-edge technology and modern strategies.
Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s
SEDAR profile at www.sedar.com.
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 416.489.0092
Media:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 416.489.0092
Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for
the adequacy or accuracy of this release.
Forward-looking Statements
This release contains “forward-looking statements” within the meaning of applicable Canadian securities
legislation. Forward -looking statements include, but are not limited to, statements regarding business
objectives and strategies.
Generally, forward-looking statements can be identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”,
“intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words
and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”,
“might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon
certain assumptions and other important facts that, if untrue, could cause the actual results, performance
or achievements of the Company to be materially different from future results, performances or
achievements expressed or implied by such statemen ts. Such statements and information are based on
numerous assumptions regarding present and future business strategies and the environment in which the
Company will operate in the future.
Certain important factors that could cause actual results, performances or achievements to differ materially
from those in the forward -looking statements include, amongst others, currency fluctuations, the global
economic climate, dilution, share price volatility, competition, labour shortages, and unanticipated
expenses of the Company. Forward -looking statements are subject to known and unknown risks,
uncertainties and other important factors that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from those expressed or implied by such forward-
looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the
Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic
and its impact on precious metals; receipt of necessary approvals; general business, economic, competitive,
political and social uncertainties; future metal prices; accidents, labour disputes and shortages;
environmental risks; and other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
You can find further information with respect to these and other risks in filings made with the Canadian
securities regulatory authorities that are available on the Company’s SEDAR profile page at
www.sedar.com. The Company disclaims any obligat ion to update or revise these forward -looking
statements, except as required by applicable law.