Madison Metals insider buying reflects strong confidence

Madison Metals Inc. announces that Executive Chairman and CEO Duane Parnham has increased his position in the Company by 35% year to date, through open market purchases and private placements, at an average cost of CDN$0.33 per share.

“Madison’s management continues delivering on its business strategy of delivering technical excellence from our new high-grade discovery and goal to fast-track production. With the recent granting of a mining licence, we are accelerating our path to cash flow while managing dilution directly benefiting shareholder value,” said  Mr. Parnham.

Madison Metals is one of the few companies with a mining licence to extract nuclear fuels in a world-class jurisdiction, benefiting its enterprise value from low estimated capital and operating expenses, simplified operations, and a quick path to free cash flow. Mr. Parnham’s stock purchases are for investment purposes only, and he may increase or decrease his position as market conditions dictate.