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Global Atomic Corp T.GLO

Alternate Symbol(s):  GLATF

Metals & Mining Industrial Metals & Minerals
Global Atomic Corporation is a Canada-based company, which provides a combination of high-grade uranium mine development and zinc concentrate production. The Company operates through two segments: the Uranium Business and the EAFD Business. The Company’s Uranium Business activities presently take place in Niger, Africa. The Uranium Business segment includes four deposits with the flagship Dasa project. The Dasa project is a high-grade uranium deposit that lies within the Adrar Emoles III licence area, approximately 105 kilometers (km) south of the established uranium mining town of Arlit, in the Republic of Niger. The Company Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a zinc production plant, located in Iskenderun, Turkey. The plant recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world.


TSX:GLO - Post by User

Global Atomic Corp > This just got VERY complicated.....
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Comment by rockmoneyon Aug 07, 2023 2:38pm
182 Views
Post# 35576428

RE:This just got VERY complicated.....

RE:This just got VERY complicated.....
Amusing analysis, but bang on correct. No matter how absurd Global's executives were in trying to tell us "everything is just great and the coup is not affecting us..." BS statement like that, its a basket case country with no security. Take the French out, and Niger is a failed military state. This stock is going to $0.50. And no bank in their right mind will finance the CAPEX for this mine.
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