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March 24, 2020

Global Atomic – Letter to Shareholders

Toronto, Ontario

Dear Shareholders, Stakeholders and Friends,

In view of the COVID-19 pandemic and turbulent financial markets, I want to provide an update on our activities at Global Atomic Corporation.

Our sympathies are with anyone directly or indirectly affected by COVID-19, whether they are a family member, friend, first responder, or medical professional.  We believe that the steps various nations are adopting to contain this outbreak have consequences, and we hope the best for you and your families.

Our business is largely unaffected at this time.  Even though we have closed our office, our team is working remotely where possible.  Our continued focus on the health and safety of our employees and consultants, the safety of our operations, and the safety of the communities in which we live and work remains paramount.

To that end, we have eliminated unnecessary travel, instituted health protocols for working together, and ensured that our employees are permitted to take time off due to illness or the illness of those around them without penalty.   Where we can do so, we have instituted remote working arrangements for our team using systems currently available.  As a result, our business continues, without interruption.

At our operations in Turkey and in Niger, we have implemented education to promote hygienic practices and limit social interactions to protect the employees and local communities in an effort to prevent the spread of the virus.  On the Dasa uranium project, an Optimized Preliminary Economic Assessment will be published in Q2, 2020 and hydrogeological and environmental impact assessment studies are underway. In Turkey, BST is operating normally.

These are turbulent times.  We wish you and your families good health and safety.   Know that our team is safe and we continue working towards advancing our business to prepare for a time when business, industry, and financial markets return to a normal level.

Sincerely,

Stephen G. Roman
Chairman, President & CEO