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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
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Post by Betteryear2on Oct 02, 2023 7:32pm
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Post# 35665980

Finalizes Letter of Intent for Its Third Agreement T.GLO

Finalizes Letter of Intent for Its Third Agreement T.GLOTORONTO, Oct. 2, 2023 /CNW/ - Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12) is pleased to announce that it has finalized a Letter of Intent ("LOI") for the sale of uranium from the Company's Dasa Project in the Republic of Niger.  This is the third such agreement signed by the Company and brings our current contracted volume close to 1.5 million pounds U3O8 per annum over Dasa's initial five years of operation.

Global Atomic Finalizes Letter of Intent for Its Third Agreement to Supply Uranium to North American Nuclear Utilities (newswire.ca)
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