Global Atomic Announces Results of Annual Meeting
Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) today announced shareholder voting results from the Annual Meeting of Shareholders (“Meeting”) held June 25, 2020, and the grant of stock options.
|Stephen G. Roman||71,127,858||94.12||4,439,455||5.87|
|Paul D. Cronin||75,277,033||99.62||290,280||0.38|
|Asier Zarraonandia Ayo||75,327,053||99.68||240,260||0.32|
Shareholders also approved the re-appointment of PriceWaterhouseCoopers LLP as auditors of the Company.
The Company granted 100,000 Stock options to Bob Tait, Vice President Investor Relations. The stock options are exercisable at $0.50 for a period of five years and vest over a three-year period.
About Global Atomic
Global Atomic Corporation (www.globalatomiccorp.com), is a TSX listed company that provides a unique combination of high-grade uranium development and cash flowing zinc concentrate production.
The Company’s Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project. The Dasa deposit was discovered in 2010 by Global Atomic geologists through grassroots field exploration. The Company plans to submit a Phase 1 Development Plan to the Ministry of Mines in the Republic of Niger with an Application for a Mining Permit in Q3 2020. Global Atomics’ Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (“BST”) Joint Venture, which operates a new, state of the art processing facility, located in Iskenderun, Turkey. The plant recovers zinc from Electric Arc Furnace Dust (“EAFD”) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company’s joint venture partner, Befesa Zinc S.A.U. (“Befesa”) listed on the Frankfurt exchange under ‘BFSA’), holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe and Asia.