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 smallcaptdron Jun 15, 2022 6:42pm

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Post# 34759779

Global Atomic agrees to sell up to $110M (U.S.) uranium

The news release sounds great until you read it, the sale only starts in 2025!

The award defines the supply of 2.1 million pounds U3O8 over a six-year period commencing in 2025, representing approximately 7 per cent of Dasa's production over the period.

https://www.stockwatch.com/Quote/Detail?C:GLO

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