Namibia Uranium Projects - Vatic Ventures Corp.
Vatic Ventures Corp. is a publicly listed company focused on acquiring and developing strategic mineral exploration projects. Vatic is listed on the Toronto Venture Exchange (TSXV: VCV) and on the Frankfurt Exchange (FRA: V8V). Vatic is a mineral exploration and development company focused on developing high-value properties. In addition to its option to acquire an interest in the Zoya and Galore properties, Vatic has an option to acquire a 100% interest in the Solonópole South and North Lithium Properties in Brazil.
vatic, brazil, lithium, sonopole, ceara, canada, mineral, exploration, namibia, uranium
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Namibia Uranium Projects

Namibia Uranium Projects

Overview

Vatic Ventures Corp. holds rights to earn up to a 90% interest in two highly prospective uranium exploration licenses located in Namibia’s Erongo Uranium Province through option agreements covering EPL 8289 (Zoya Project) and EPL 8735 (Galore Project). Together, the licenses cover approximately 132.27 km² within the internationally recognized “Alaskite Alley,” a geological corridor that hosts several world-class uranium deposits and operating mines.

 

Project Location

The projects are located less than 50 kilometers by road from Swakopmund on Namibia’s Atlantic coast and benefit from excellent infrastructure, including:

  • Paved and maintained road access
  • Regional electrical grid power
  • Desalinated water supply
  • Access to the Port of Walvis Bay
  • Proximity to Walvis Bay International Airport

 

Why Namibia?

Namibia is consistently recognized as one of Africa’s leading mining jurisdictions and is currently the world’s fourth-largest uranium producer. The Erongo Uranium Province has produced more than 350 million pounds of U₃O₈ over the past several decades and hosts several of the world’s most significant uranium deposits.

 

The Alaskite Alley Advantage

The Zoya and Galore licences are situated within the highly prospective Alaskite Alley corridor, a geological trend known for hosting large alaskite-related uranium deposits.

Notably, the projects are located adjacent to and along strike from:

 

Rossing Mine

  • One of the world’s largest uranium deposits
  • In continuous production since 1976
  • Produced approximately 2,920 tonnes U₃O₈ in 2023

 

Husab Mine

  • One of the world’s largest and highest-grade alaskite-hosted uranium deposits
  • Commercial production commenced in 2016
  • Operated by China General Nuclear Power Group

 

Project Portfolio

 

Zoya Project (EPL 8289)

Area: 44.62 km²

Vatic has the right to earn an initial 80% interest through staged cash payments, share issuances and exploration expenditures. Upon successful completion of the first option stage, the Company may increase its interest to 90% through additional development milestones and feasibility work.

 

Galore Project (EPL 8735)

Area: 87.65 km²

The Galore Project is directly adjacent to the Zoya licence and provides significant district-scale exploration potential. Vatic may earn up to a 90% interest through staged option payments, share issuances and advancement toward a feasibility study.

 

Exploration Potential

The licences are strategically positioned within a proven uranium district and cover highly prospective geological settings associated with alaskite-hosted uranium mineralization. Management believes the projects provide exceptional leverage to growing global uranium demand driven by increasing nuclear energy adoption worldwide.

 

Qualified Person

The scientific and technical information relating to the Namibia Uranium Projects has been reviewed and approved by Nico Scholtz, Pr. Sci. Nat., a Qualified Person as defined under National Instrument 43-101.

For more information