GoviEx Uranium Inc. (TSXV: GXU,OTC:GVXXF) (OTCQB: GVXXF) (“GoviEx” or the “Firm”) is happy to announce that, at its particular assembly (the “Assembly”) of shareholders, warrantholders, and optionholders (collectively, the “GoviEx Securityholders”) held on October 24, 2025, GoviEx Securityholders overwhelmingly accepted the beforehand introduced plan of association (the “Association”) involving GoviEx and Tombador Iron Restricted (ASX: TI1) (“Tombador”).
Underneath the Association, Tombador will purchase the entire issued and excellent Class A standard shares of GoviEx by the use of a court-approved plan of association underneath the Enterprise Firms Act (British Columbia), ensuing within the formation of Atomic Eagle Ltd., an ASX-listed uranium participant with a strengthened stability sheet with a transparent mandate to advance and improve the Muntanga Mission in Zambia.
The particular decision approving the Association (the “Association Decision“) required approval from (i) not less than 66⅔% of the votes forged by GoviEx shareholders current in particular person or represented by proxy and entitled to vote on the Assembly, and (ii) not less than 66⅔% of the votes forged by GoviEx Securityholders, voting collectively as a category, current in particular person or represented by proxy and entitled to vote on the Assembly.
Roughly 98.7% of the votes forged by GoviEx shareholders on the Assembly have been in favour of the Association Decision and roughly 99.2% of the votes forged by GoviEx Securityholders on the Assembly have been in favour of the Association Decision, thereby satisfying all requisite GoviEx shareholder and GoviEx Securityholder approval necessities.
GoviEx additionally notes that, at a common assembly held on October 8, 2025, Tombador shareholders handed, by the requisite majorities, the resolutions referring to the Transaction, together with the issuance of consideration shares to GoviEx shareholders and alternative choices to GoviEx optionholders and warrantholders, and the change of identify to Atomic Eagle Ltd.
GoviEx intends to hunt a closing order of the Supreme Court docket of British Columbia approving the Association at a listening to anticipated to be held on November 5, 2025. Topic to receipt of the ultimate court docket order, regulatory approvals, and satisfaction of different customary situations, closing of the Association stays focused for mid November 2025.
Additional particulars relating to the Association are supplied in GoviEx’s administration data round dated September 10, 2025, which is offered underneath GoviEx’s issuer profile on SEDAR+ at www.sedarplus.ca.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier accepts accountability for the adequacy or accuracy of this launch.
About GoviEx Uranium Inc.
GoviEx (TSXV: GXU,OTC:GVXXF) (OTCQB: GVXXF), is a mineral useful resource firm centered on the exploration and growth of uranium properties in Africa. GoviEx’s principal goal is to change into a big uranium producer by means of the continued exploration and growth of its mine-permitted Muntanga Mission in Zambia.
Cautionary Assertion Relating to Ahead-Wanting Data
This information launch could comprise “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) throughout the that means of relevant securities legal guidelines. All data and statements apart from statements of present or historic info contained on this information launch are forward-looking data. Ahead-looking statements are topic to numerous dangers and uncertainties in regards to the particular elements disclosed right here and elsewhere in GoviEx’s periodic filings with Canadian securities regulators. When used on this information launch, phrases akin to “will”, “might”, “plan”, “estimate”, “count on”, “intend”, “could”, “potential”, “ought to,” and related expressions, are forward-looking statements. Data supplied on this doc is essentially summarized and should not comprise all accessible materials data. Ahead-looking statements on this announcement embody however will not be restricted to, statements relating to: the anticipated timetable; end result and results of the Transaction, and GoviEx’s Securityholders’ assembly; and the intent to hunt a closing order of the Supreme Court docket of British Columbia approving the Association at a listening to anticipated to be held on November 5, 2025.Though GoviEx believes the expectations mirrored in such forward-looking statements are primarily based on affordable assumptions, it can provide no assurances that its expectations might be achieved. Such assumptions, which can show incorrect, embody the next: (i) that GoviEx will acquire or fulfill, in a well timed method or in any other case, required regulatory approval, court docket approval and different situations to the closing of the Transaction; (ii) Tombador will be capable to fulfill ASX necessities for re-admission to the Official Listing on the ASX; (iii) the flexibility of GoviEx and Tombador to finish the Transaction on the phrases described herein or in any respect; the profitable completion of the concurrent capital elevating by Tombador; the plans and techniques of GoviEx and Tombador; the longer term efficiency of Atomic Eagle Ltd; and (iv) that the present uranium upcycle will proceed and broaden; (v) that the mixing of nuclear energy into energy grids worldwide will proceed as a clear vitality different; and (vi) that the value of uranium will stay sufficiently excessive and the prices of advancing GoviEx’s mining initiatives will stay sufficiently low in order to allow GoviEx to implement its enterprise plans in a worthwhile method. Components that would trigger precise outcomes to vary materially from expectations embody: (i) the likelihood that every of the concurrent capital elevating and/or the Transaction won’t be accomplished on the phrases and situations, or on the timing, presently contemplated, and that both is probably not accomplished in any respect, resulting from a failure to acquire or fulfill, in a well timed method or in any other case, required regulatory approval, court docket approval and different situations to the closing of the concurrent capital elevating, re-admission to the Official Listing or the Transaction usually, as relevant, or for different causes; (ii) the failure to appreciate the anticipated advantages of the Transaction;(ii) the shortcoming of the Firm to conduct its deliberate exploration program for any motive; (iii) the shortcoming of the Firm to boost financing for Muntanga for any motive; (iv) a regression within the uranium market worth; (v) an lack of ability or unwillingness to incorporate or enhance nuclear energy technology by main markets; (vi) potential delays resulting from new or ongoing well being or environmental restrictions; (vii) the failure of GoviEx’s initiatives, for technical, logistical, labour-relations, political, or different causes; (viii) a lower within the worth of uranium under what is critical to maintain GoviEx’s operations; (ix) a rise in GoviEx’s working prices above what is critical to maintain its operations; (x) accidents, labour disputes, or the materialization of comparable dangers; (xi) a deterioration in capital market situations that stops GoviEx from elevating the funds it requires on a well timed foundation; (xii) political instability within the jurisdictions the place GoviEx operates; and (xiii) usually, GoviEx’s lack of ability to develop and implement a profitable marketing strategy for any motive. As well as, the elements described or referred to within the part entitled “Threat Components” within the MD&A for the yr ended December 31, 2024, in addition to the Annual Data Kind for the yr ended December 31, 2024, of GoviEx, which can be found on the SEDAR+ web site at www.sedarplus.ca, ought to be reviewed along side the data discovered on this information launch. Though GoviEx has tried to establish necessary elements that would trigger precise outcomes, efficiency, or achievements to vary materially from these contained within the forward-looking statements, there could be different elements that trigger outcomes, efficiency, or achievements to not be as anticipated, estimated, or meant. There could be no assurance that such data will show to be correct or that administration’s expectations or estimates of future developments, circumstances, or outcomes will materialize. Because of these dangers and uncertainties, no assurance could be provided that any occasions anticipated by the forward-looking data on this information launch will transpire or happen, or, if any of them accomplish that, what advantages GoviEx will derive therefrom. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The forward-looking statements on this information launch are made as of the date of this information launch, and GoviEx disclaims any intention or obligation to replace or revise such data, besides as required by relevant regulation.
Cautionary Observe to United States Individuals:
The disclosure contained herein doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase securities of GoviEx.
Protected Harbor Assertion underneath the US Non-public Securities Litigation Reform Act of 1995: Apart from the statements of historic truth contained herein, the data introduced constitutes “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Such forward-looking statements together with however not restricted to these referenced above collectively as “forward-looking statements” underneath the “Cautionary Assertion Relating to Ahead-Wanting Data” contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, the efficiency or achievements of GoviEx to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. There could be no assurance that such statements will show to be correct as precise outcomes, and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements.
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