News

TORONTO, ON – November 11, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that it has been awarded an Environmental Clearance Certificate (“ECC”) by the Namibian Ministry of Environment, Fisheries and Tourism (“MEFT”) for Exclusive Prospecting Licences 8531 (“EPL-8531”) and 8115 (“EPL-8115”) (collectively referred to hereafter as the “Properties”). The issuance of the ECC is underpinned by the submitted and approved Environmental Impact Assessments (“EIA”) and Environmental Management Plans (“EMP”). The ECC is valid for a period of three years, ending on October 18, 2025.

TORONTO, ONTARIO – October 28, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) announced today its intention to effect a normal course issuer bid (the “NCIB”) through the facilities of the Canadian Securities Exchange.

TORONTO, ON – October 27, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) and Lux Partners Ltd. (“Lux”) are pleased to announce the first capital inflow from the initial first tranche mint launch of the Lux Uranium token, with proceeds totalling net to Madison USD $5.12 million.

TORONTO, ONTARIO – October 25, 2022 – Madison Metals Inc. (the “Company” or “Madison”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that it has engaged Investor Cubed Inc. (“Investor Cubed”) to provide investor relations and shareholder communications services in Canada.

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.