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.

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Global Atomic Corp

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Post by lithomonon Jun 27, 2024 2:19am

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Post# 36108348

Solid Project Guidance to Uranium Production

As is typical, another great informative news release by Steve Roman.

In all, from a shareholder's perspective, a feel good press release. All hands on deck, safely driving this new global Uranium development towards the operational production stage.

Great project and financing guidance to shareholders:

For instance, Mr. Roman commented: "We are excited with the prospect of partnering with the U.S. development bank.
We believe that the advancement of the Dasa project aligns with the strategic priorities of the United States government and its efforts to secure uranium supply...."

The following are a few highlights indicating government support to streamline any bottlenecks that may arise to expedite this Uranium operation.

As well, Somida new Chairman is former Orano mining engineer.
Just what any country needs (particularly Canada), someone who knows what has to be done, to move a sound mining project expeditiously to production operations (my thoughts go to Frontier Lithium and the turtle pace that clean and reliable new energy project is advancing to construction, LOL).

Met with several government officials, including the Mines Minister, Commissaire Colonel Ousmane Abarchi, who confirmed his support for Dasa and offered his office's assistance to streamline administrative bottlenecks and offer assistance to facilitate the timely importation of supplies and equipment;

Attended a meeting of the Somida board of directors, where its new board chairman Abdourazakou Abdou Moumouni, who represents the Office of the President of Niger, was appointed; the new chairman is an experienced mining engineer, having worked previously at Orano Mining's Cominak and Somair mines.