November 14, 2019
Global Atomic Announces Q3 2019 Results
Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, FRANKFURT: G12, OTCQX: GLATF) is pleased to announce its operating and financial results for the third quarter (“Q3 2019”) ended September 30, 2019.
- Net income for Q3 was $0.8 million ($0.005 per share), including $2.2 million share of income from the Turkish joint venture; for the 9 months ended September 30th, net income was $4.7 million ($0.033 per share), including $7.9 million share of income from the Turkish joint venture
- The new Turkish EAFD processing plant in Iskenderun was successfully commissioned during August and September, and is now running at design capacity of 15 tonnes per hour
- Directors and management of Global Atomic officially opened the new plant on November 6, 2019