The government of Niger and Australian company Atomic Eagle have signed a new framework agreement for the Madaouela 1 uranium project. The deal, signed on September 23, 2026, ends a dispute that arose after the withdrawal of the exploitation license in July 2024. The agreement redefines the terms of cooperation around the mining site, allowing the project to move forward.
Under the terms of the agreement, Atomic Eagle will retain 60% of the shares and operational control of Madaouela Mining. The Nigerien state's participation will increase fourfold, from 10% to 40%, with 15% being free and 25% being contributory. This significant increase in the state's shareholding is expected to boost Niger's economic benefits from the project.
As part of the agreement, the Nigerien state will benefit from a $40 million facilitation mechanism to cover its future financial contributions to the project. Additionally, a payment of $10 million is scheduled in exchange for the exploitation license, split into two installments of $5 million each. The first installment will be paid upon issuance of the license, and the second upon commencement of construction work.
The Madaouela 1 project is expected to have a significant socio-economic impact on Niger. The Australian company has committed to strict local content requirements, with over 1,000 job opportunities expected to be created for Nigerien youth. The project will also prioritize local businesses for services and supplies, aiming to boost the local economy.
The agreement marks a new stage in Niger's mining policy, seeking to balance the attractiveness of foreign investment with a tangible strengthening of national economic sovereignty. The deal is expected to set a precedent for future mining projects in Niger, demonstrating the country's ability to negotiate favorable terms with international partners.
The Madaouela 1 project is a significant development for Niger's uranium sector, which is a crucial component of the country's economy. The project is expected to contribute to Niger's economic growth and development, while also providing benefits to local communities.
The new agreement brings a long-awaited resolution to the dispute over the Madaouela 1 project, allowing Atomic Eagle to move forward with the development of the uranium mine. With the agreement in place, the company can now focus on implementing the project and delivering on its commitments to the Nigerien government and local communities.
Key points
- Niger's state shareholding in the Madaouela 1 project increases to 40% under the new agreement.
- The project is expected to create over 1,000 job opportunities for Nigerien youth.
- The agreement includes a $40 million facilitation mechanism to support the state's financial contributions to the project.
