Global Atomic is a publicly listed, TSX Venture traded, Ontario Corporation, providing a unique combination of high grade uranium development and cash flowing zinc concentrate production. Global Atomic’s uranium assets include six exploration permits in the Republic of Niger covering an area of approximately 728.8 km2. Uranium mineralization has been identified on each of the permits, with the most significant discovery being the DASA deposit situated on the Adrar Emoles III concession, discovered in 2010 by Global Atomic geologists through grassroots field exploration.
In a technical report dated July 31, 2017, Perth, Australia based CSA Global Pty Ltd (“CSA”) estimated the mineral resources for DASA as follows:
CSA estimated the mineral resource based on a cutoff grade of 1,200 ppm
Global Atomic also holds a 49% interest the Befesa Silvermet Turkey, S.L. (“BST”) joint venture, operating a facility located in Iskenderun, Turkey that converts electric arc furnace dust (“EAFD”) into a high grade zinc oxide concentrate sold to zinc smelters throughout the world.
Global Atomic’s joint venture partner, Befesa Zinc S.A.U. (“Befesa”), holds a 51% interest and is the operator of BST. Befesa is a market leader in EAFD recycling, capturing approximately 45% to 50% of European EAFD market with facilities located throughout Europe and also Korea.