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Global Atomic Corp T.GLO

Alternate Symbol(s):  GLATF

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

Post by lithomonon Jan 04, 2021 11:18pm
215 Views
Post# 32221626

Areva Mill & Availability to GLO's Higher Grade Uranium Ore

Areva Mill & Availability to GLO's Higher Grade Uranium OreLikely part of the engineering & logistics analysis over the past several months.

A deal could have been struck with Areva for mill availability to GLO after March and GLO has likely determined a fast track approach would be most suitable at this time.

Initially trucking selective higher value Uranium ores to the Areva facility then eventually relocating the Areva plant to GLO's higher grade uranium deposit/site. 

Hence, recent Government approval of the GLO Uranium mining permit is conveniently planned for GLO to get some early production underway.

Either way, it's a massive savings in Capital costs.
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