Global Atomic Appoints HCF as Financial Adviser
Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) announced today the appointment of HCF International Advisers Limited (“HCF”) as its adviser to assist in the raising of debt financing for the development of the Dasa Uranium Project in the Republic of Niger.
Stephen G. Roman, President & CEO of Global Atomic, commented, “Global Atomic is making great strides in moving the Dasa Project closer to production. We have expanded the exploration camp to include accommodations for construction personnel, are finalizing the box cut and portal design for the underground ramp, are ordering mining equipment and continuing discussions with utilities regarding off-take agreements for our future yellowcake production. With the Feasibility Study due for completion at the end of next quarter, it is an appropriate time to accelerate our engagement on project financing. We are very pleased to appoint HCF as our financial adviser given their extensive experience with Africa, mining and, specifically, uranium projects. Their reputation and connections with global financiers are second to none. HCF will enable Global Atomic to arrange financing solutions that keep equity dilution to a minimum, a goal I share as the company’s founder and largest shareholder.”
HCF is a leading independent corporate finance advisory boutique based in London, UK with a primary focus on the mining and metals sector and a strong history of securing funding for projects in Africa. HCF provides strategic and financial advice to companies across the complete life cycle of a project on securing funding to bring projects through to operations. HCF is comprised of professionals who have extensive financing and technical experience as well as expertise in the funding of uranium projects.
Established in 2003, HCF has developed a reputation for successfully executing transactions in emerging markets across commodities, with a deep understanding of political risk mitigation. Notably, HCF has recently advised Kinross on their US$300m financing in Mauritania, Ivanhoe Mines on the US$211m equipment financing facility for the Kamoa-Kakula Copper Project in the DRC as well as High Power Exploration, which is currently developing the Nimba Iron Ore Project in Guinea.