07:24 AM EDT, 07/12/2024 (MT Newswires) -- Madison Metals ( MMTLF ) said the Namibian authorities granted the company an exclusive license that allows it to prospect for base and rare metals, industrial minerals, and nuclear fuels within its already licensed Khan Mine Development.

Madison is earning a 90% interest in the two licenses through cash payments. The remaining 10% is held by its Namibian partners.