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 lithomonon Mar 17, 2021 4:32am

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Post# 32814433

Buying U3O8 "Spot" - GLO with a Permit to Mine in hand

Rising Uranium price, no new production coming on-line to meet demand.

Good timing for Global Atomic to have permits in hand to organize for production.

That is, if GLO gets to production before Cameco offers up stock for GLO.

With CCO share price rising swiftly, one can envision the buy-outs forthcoming in share transactions.

Hopefully GLO proceeds further along its growth runway before Cameco takes a run at the deposit.

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