Economically Compelling @ $35 Uranium - Mine ConstructionIn addition to robust profits on Zinc concentrate production, Global Atomic uranium could potentially realize solid cash flow from Direct Shipping Uranium ores at DASA as discussions with Orano and processing site continue.
Key notable takeaways from Phase 1 Feasibiltiy news could be an indication that next progression in share price is forthcoming in 2022:
GLOBAL ATOMIC PUBLISHES PHASE I DASA PROJECT FEASIBILITY STUDY
Global Atomic Corp. has published and filed the recently announced National Instrument 43-101-compliant, phase 1 Dasa project feasibility study.
The study confirms that the project is economically compelling, even at a price of $35 (U.S.) per pound U3O8 (triuranium octoxide). Based on the study, the strong uranium market and anticipated uranium supply deficits, the board of directors has made a production decision to proceed with the Dasa project.
Stephen G. Roman, president and chief executive officer, commented: "...........Although uranium prices have improved since the 2020 PEA and are widely expected to continue rising, we purposely kept the base case for this study at $35 (U.S.)/lb for comparative purposes and to highlight the superior economics of Dasa compared to most uranium projects currently under development.
"The completion of this study sets the stage for the company to move forward with the construction of the mine, finalization of an agreement to ship development ore to Orano Mining during mine development, signing of initial offtake agreements and completion of financing to build the Dasa processing plant by the end of 2024."