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January 29, 2020

Global Atomic Advances Dasa Uranium Project

Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”; TSX: GLO; Frankfurt: G12; OTCQX: GLATF), has a unique combination of high grade uranium development and cash flow from a recycling facility that produces zinc concentrate.  We are pleased to provide an update on the Dasa Uranium Project (“Dasa”), in the Republic of Niger and on the BST Joint Venture Zinc Project in Turkey.

Highlights:

  • Dasa trade-off studies completed during 2019 have led to the compilation of an optimized Preliminary Economic Assessment (“PEA”), by CSA Global Pty. Ltd., incorporating the high value Flank Zone with a Phase 1 mining plan to be completed in Q1, 2020
  • The optimized PEA will form the basis of an NI 43-101, Final Technical Report, to be submitted to the Government of Niger in Q4, 2020, in support of the application for the Dasa mining permit
  • The 2020 work program currently underway includes further metallurgical test work, an Environmental Impact Statement (“EIS”), and hydrogeological studies for inclusion in the Final Technical Report
  • Improved zinc prices and steady-state production achieved at the new BST plant in Turkey