Subject to ESIA acceptance, the company anticipates Madaouela project’s environmental certificate as early as Q2 2015, following which, the company will file mining permit application in early Q3 of 2015.

GoviEx chief executive officer Daniel Major said: "This marks a significant milestone towards GoviEx’s goal of developing Madaouela into a large, low-cost uranium mine in the prolific Arlit uranium-mining district of northern Niger.

"The ESIA highlights our ongoing efforts to meet or exceed international best practices in the advancement of the Madaouela Project.

"We remain confident that we can complete the mine permitting process as outlined in the Niger Mining Code by the end of 2015, thereby positioning the company to benefit from an improving uranium market."

As set out in the company’s NI 43-101 Integrated Development Plan, the Madaouela Development Plan defined a large, low operating cost, commercially viable uranium project in northern Niger, the company said.

Currently, the Madaouela Development Plan is being optimized by the company to assess the potential benefits of a number of technical changes to the processing design in order to reduce sulphuric acid consumption and operating costs, and potentially increase probable mineral reserves.