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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 DrEdon Jun 29, 2017 11:32am
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Post# 26419479

Be nice to get an update on this

Be nice to get an update on this From what I understand Global Atomic is sitting on the largest Uranium discovery in 50 years in Africa. 

https://www.globalatomicfuels.com/wpress/wp-content/uploads/Dundee-Report-re-Global-Atomic-May-5-2015.pdf
  • Silvermet's board has given management the mandate to proceed with due diligence related to the proposed merger of Silvermet with Global Atomic and take any steps regarding such activities necessary under stock exchange and/or securities rules and regulations.
  • Global Atomic has retained the services of independent mining industry consultants to update its National Instrument 43-101 mineral resource estimate. The technical report is now completed.
  • Management expects to announce the proposed deal structure and exchange ratio in late June.
Late June ends tomorrow. 

 
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Dealroom for high-potential pre-IPO opportunities