Bullboard - Stock Discussion Forum 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... see more

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Global Atomic Corp > Global Atomic Completes a Second Definitive Agreement

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Post by Betteryear2 on May 08, 2023 2:02pm

Global Atomic Completes a Second Definitive Agreement

TORONTO, May 8, 2023 /CNW/ - Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today that the Company has formalized its June 2022 Letter of Intent by signing a Definitive Agreement with a major North American utility for their procurement of uranium from the Dasa Project. The agreement represents the supply of up to 2.1 million pounds U3O8 within a multi-year delivery window beginning in 2025, representing about 7% of Dasa's annual production over the period with a revenue potential valued in excess of US$110 million in real terms.

Global Atomic Completes a Second Definitive Agreement to Supply Uranium to a Major North American Utility (newswire.ca)

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