Madison Metals Terminates Sanmiguel Agreement

June 6, 2024

TORONTO, June 06, 2024 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB:MMTLF) (FSE: 4EF0) announces the termination of its uranium forward sales agreement with Sanmiguel Capital Investment (Bahamas) Ltd. (“Sanmiguel”), an arm’s length financial advisory firm assisting with the administration of uranium tokenization (see press release dated June 1, 2023). To date, only 2,130 pounds of U3O8 priced at US$68 per pound has been purchased from initial uranium token sales. Madison will honour delivery if the investor(s) meets all the contractual redemption and delivery protocols.

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