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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 Mar 08, 2023 2:17pm
139 Views
Post# 35326407

Zinc Production re-start any day

Zinc Production re-start any dayWith my focus on Uranium, I forgot about this operation.....Zinc....Probably re-start any day now.

In reviewing this February press release, I would anticipate GLO is gearing up to re-start the Zinc production operation in the aftermath of the violent Turkey/Syria earthquake and aftershocks that took the lives of well over 50,000 citzens.

The steel mills are likely to be operating in overtime like never seen before.

GLOBAL ATOMIC UPDATES OPERATIONAL STATUS OF ZINC RECYCLING PLANT IN TURKIYE

Global Atomic Corp.'s joint venture, Befesa Silvermet Turkey (BST), zinc production plant is expected to resume operations in early March, following the earthquake of Feb. 6, 2023. The BST plant sustained only minimal damage and, following a thorough assessment, has been declared operational. The required local infrastructure is operating. The neighbouring steel mills that supply electric arc furnace dust (EAFD) to the plant are also operating.

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