Global Atomic Corp. , is pleased to report on the continuing development of its Dasa Uranium Project in the Republic of Niger. Stephen G. Roman, President & CEO, stated, "The primary question investors ask is regarding the timing of a term sheet for our banking syndicate's Dasa Project loan facility. While this has been a much longer process than [...]
Significant Conversion of Inferred to Indicated Expected to Impact Mineable Reserves Global Atomic Corp. , announced today that the Company has updated its Mineral Resource Estimate for its Dasa Project in the Republic of Niger. The new MRE was calculated by AMC Consultants, , of Perth, Western Australia, incorporating drill, probe and chemical [...]
Dasa Uranium Project On Schedule to Produce Yellowcake in Q1 2025 Global Atomic Corp. , announced today its operating and financial results for the quarter ended March 31, 2023. HIGHLIGHTS Dasa Uranium Project The Company revised its Dasa Project, Phase 1, Feasibility Study which: confirmed a reserve for the Dasa Project of 4.1 million tonnes [...]
Global Atomic Corp. , announced today that the Company has formalized its June 2022 Letter of Intent by signing a Definitive Agreement with a major North American utility for their procurement of uranium from the Dasa Project. The agreement represents the supply of up to 2.1 million pounds U3O8 within a multi-year delivery window beginning in 2025 [...]
Dasa Uranium Project On Schedule to Produce Yellowcake in Q1 2025 Global Atomic Corp. , announced today its operating and financial results for the year ended December 31, 2022. HIGHLIGHTS Dasa Uranium Project On April 19, 2022, the foundation for the debt portion of the financing for the Dasa Project was laid when the Company received a Letter of [...]
Global Atomic Corp. , is pleased to report on operations at its Turkish zinc recycling joint venture and its Dasa Uranium Project in the Republic of Niger. Turkish Zinc Recycling Joint Venture The zinc recycling plant in Iskenderun, Türkiye, has restarted production following the earthquakes earlier this year. Employees are relieved to be back at [...]
Global Atomic Corp. today announced the closing of its previously announced "bought deal" prospectus offering for gross proceeds of C$56,002,501, which includes exercise of the over-allotment option for proceeds of C$6,002,500. Due to significant demand, the Offering was upsized from its original gross proceeds of C$25.0 million. Red Cloud [...]
Global Atomic Corp. today announced that due to significant demand, the Company and Red Cloud Securities Inc. , as sole underwriter and bookrunner, have agreed to increase the size of the previously announced "bought deal" prospectus offering from C$25.0 million to C$50.0 million. Under the revised Offering, the Underwriter has agreed to purchase [...]
Global Atomic Corp. today announced that it has entered into an agreement with Red Cloud Securities Inc. , as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase for resale 8,333,334 units of the Company at a price of C$3.00 per Unit on a "bought deal" basis by way of a short-form prospectus offering for gross [...]
Global Atomic Corp. announced today that the Company's joint venture, Befesa Silvermet Turkey , zinc production plant, is expected to resume operations in early March, following the earthquake of February 6, 2023. The BST plant sustained only minimal damage and following a thorough assessment, has been declared operational. The required local [...]
Global Atomic Corp. announced that the Appeals Court in Tahoua, Niger overturned and annulled all issues raised against the Company's Niger subsidiary, SOMIDA S.A. As the Dasa Project is of major importance to the economy of Niger, the Hearing was treated as a special case and resulted in an expedited ruling. SOMIDA did not cease underground [...]
Global Atomic Corp. announced today that further to its news release dated February 14, 2023 an appeal of the orders granted last week against the Company's Niger subsidiary, SOMIDA S.A., was heard today in the Appeals Court in Tahoua, Niger. It is anticipated that the court will issue its decision on the appeal shortly. Global Atomic also [...]
