Global Atomic Summary of Recent Investor Meetings

Toronto, ON, September 3, 2020:  Global Atomic Corporation (“Global Atomic” or the “Company”; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) engaged this week with over 20 firms within the global mining investment community at the Mines & Money Online Connect Virtual Conference in a series of one-on-one meetings. 

Many of these firms who met with management are currently shareholders, who have benefitted this year from the Company’s advancement of the development of its Dasa Uranium Project in Niger, whereas others were new to the Company’s story and were surprised to learn about:

  • the successful uranium mining industry in Niger during the past 50 years;
  • Niger’s excellent infrastructure to support mining and the efficiency of their mine permitting process;
  • the speed of development at Dasa, with the 2021 expectation for permitting in Q1, the completion of all engineering and geotechnical work prior to collaring a portal in early 2022;
  • the high-grade, long-life potential of the Dasa Project as defined by drilling results and this year’s Preliminary Economic Assessment;
  • Dasa’s projected low costs that would allow the mine to be profitable at, and even well below, today’s uranium spot price;
  • the positive outlook for uranium supply and demand;
  • the potential cash contribution of the Company’s zinc recovery JV once the 2019 expansion has been paid;
  • the financing optionality the Company has given its potential to:
    • develop the Dasa mine and mill in phases;
    • leverage relationships and existing facilities in Niger; and
    • leverage the future cash flow from the Company’s zinc business.

Stephen Roman, President & CEO of Global Atomic, commented, “We thank Mines & Money for persevering and holding such a unique global conference during the pandemic and thank those investors and financiers who took the time to meet with us.   In the coming weeks, we look forward to following up with the many investors who could not find an open time slot in our conference agenda.”

Download PDF to read more

Global Atomic to Attend Mines & Money Online Global Connect

Toronto, ON, August 25, 2020: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, FRANKFURT: G12, OTCQX: GLATF) will be meeting virtually with investors and other members of the investment community at Mines & Money Online Connect being held with an impressive cast of mining companies and investors from around the world starting Monday, August 31 to September 3, 2020.

Management’s discussion points with investors will include:

  • the completion of extensive Mining Permit application to the Niger government for the Dasa Uranium Project with the expectation for receipt of that Permit in Q1 2021;
  • the initial stages of the Pilot Plant metallurgical study now underway;
  • the plans for other key elements of the project including geotechnical drilling, optimization of the development plan and a bankable feasibility study;
  • potential options for project financing in the new year;
  • the operation of the BST zinc plant in Turkey;
  • and the price outlook for zinc and uranium.

Download PDF to read more

Global Atomic Announces Q2 Results

Toronto, ON, August 13, 2020: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) announced today its operating and financial results for the three and six months ended June 30, 2020.


Dasa Uranium Project: Preliminary Economic Assessment (“PEA”)

  • A PEA of the Phase 1 Development Plan for the Dasa Uranium Deposit was filed on SEDAR, indicating an initial 12-year mine schedule to produce 44.1 million pounds U3O8, with an average processed grade of 5,396 ppm;
  • The PEA estimates cash costs of US $16.72/lb U3O8, including corporate and all other off-site costs, and an all-in sustaining cost of US $18.39/lb U3O8;
  • Based on a U3O8 price of $35/lb, the after-tax NPV discounted at 8% was estimated at $211 million for an after-tax IRR of 26.6%.

Mining Permit Application

  • A Hydrogeological water well drilling and testing program has been completed to support the Mining Permit application;
  • An Environmental Impact Statement (“EIS”) was completed and filed with the Niger Government;
  • A preliminary geotechnical report was completed and identified the drilling required to finalize geotechnical inputs to the final mine design.

Turkish Zinc Joint Venture

  • The new Turkish Zinc recovery plant continues to ramp up with improved operating efficiencies;
  • The Company’s share of the Turkish Joint Venture (“Turkish JV”) EBITDA was $0.9 million in Q2 2020 ($0.8 million in Q1);
  • The non-recourse Turkish JV debt was US $22.85 million (Global Atomic share – $11.2 million) at the end of Q2 2020 and the cash balance was US $1.9 million;
  • The Company’s share of the Turkish JV loss was $1.2 million, attributable to a $1.5 million unrealized foreign exchange loss on the Turkish debt, due to the decline in both the Turkish Lira and the Canadian dollar relative to the US dollar.


  • Global Atomic continues to receive management fees and sales commissions from the Turkish JV, helping to offset corporate overhead costs;
  • Bob Tait was appointed Vice-President Investor Relations effective June 1, 2020;
  • Trace Arlaud, M.Eng., was appointed to the Board as an independent director effective June 29, 2020;
  • The Company completed a private placement of 5,538,335 Units on May 15th at a price of $0.60 per Unit for gross proceeds of $3,323,000. Each Unit comprised one common share and one-half warrant exercisable at $0.85 per common share over a 24-month period with an accelerator clause if the shares trade above C$1.10 for 20 days.

Download PDF to read more

Global Atomic Dasa Uranium Project Update

Toronto, ON, July 29, 2020:  Global Atomic Corporation (“Global Atomic” or the “Company”; TSX:GLO; OTCQX: GLATF; Frankfurt: G12) announced today that significant progress has been made towards submitting it’s Mining Permit application for the Dasa Uranium Project in the Republic of Niger, West Africa. 


In July,
– The Company filed its completed Environmental Impact Statement (“EIS”), with the Niger Government;
– The Dasa Project site hydrogeology drilling and water flow test work has been completed; and
– A tender for final geotechnical diamond drilling for the feasibility study has been issued.

In August,
– Two public hearings in Niger regarding the EIS are being scheduled; one in the Dasa Project area and the other in the capital city of Niamey;
– The Company will begin a Pilot Plant test program to confirm Dasa process plant flow sheet and recoveries using drill-hole samples that recently arrived in Canada for the test work. The samples represent mineralized material expected to be mined in the first five years of mining operations; and
– The Pilot Plant Study as well as the optimization and finalization of the flow sheet is being conducted at Process Research Ortech of Mississauga, Ontario, world renowned experts in uranium extraction. Results are expected in Q4, 2020.

Download PDF to read more

Global Atomic to Webcast Live at Virtual Investor Conferences July 31, 2020

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on

Toronto, ON, July 27, 2020:  Global Atomic Corporation (“Global Atomic” or the “Company”; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) announced today that Stephen G. Roman, President & CEO, will present live at on Friday, July 31st.

DATE: Friday, July 31st 
TIME: 11:00 a.m. (ET)

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Download PDF to read more