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Enernet Global selected to build, own and operate hybrid power plant for Global Atomic’s Dasa mine in Niger. Company will complete early engineering prior to constructing, owning and operating hybrid power plant to offset 35% of carbon emissions.

Corporate Updates

Enernet Global Inc.

Enernet Global selected to build, own and operate hybrid power

plant for Global Atomic’s Dasa mine in Niger.

Company will complete early engineering prior to constructing, owning and

operating hybrid power plant to offset 35% of carbon emissions.

Johannesburg, South Africa – July 21, 2022 – Enernet Global Inc. (“Enernet”), a leading

hybrid independent power producer , has commenced early engineering for a hybrid power

plant for the Dasa Project currently under development by Global Atomic Corporation (“GLO”).

Upon completion, Enernet will build, own, operate and maintain the hybrid power plant at the

Dasa site in the Republic of Niger.

The early engineering works include solution optimization, equipment selection, preliminary

design and configuration of the Sonichar grid network connection. Th is agreement enables

the parties to engage collaboratively and builds certainty into GLO’s project budget and

program. Enernet will complete t he early engineering in late 2022 following which the

construction phase of the power plant is scheduled to begin.

Once operating, the mine will require 1 2 MW of consistent power and Enernet will deliver a

hybrid power plant including 16 MW solar, 15 MW battery energy storage, a 16 MW back-up

diesel generation plant and advanced controls integrated with grid power provided by the

Niger Government owned Sonichar utility. The system will provide approximately 35% of

power requirements from renewables, making Dasa one of the greenest operations in Africa,

abating 27,000 tonnes of CO2e per annum.

Enernet is focused on decarbonizing the world’s supply chains and will own and operate a

hybrid plant that meets GLO’s energy needs while maximizing renewable generation at no

capital cost to GLO. The project will be delivered by Enernet’s Africa team, headquartered in

Johannesburg. Enernet also has operations in Australia, Caribbean and the Philippines and

works across mining, commercial and industrial, island development and remote community

projects.

Stephen Roman, Chairman and CEO of Global Atomic commented, “Our commitment to a

cleaner and greener environment is absolute. At the Dasa Project, the flagship of our uranium

division, we will produce uranium for nuclear power generation and to help countries reach

their zero carbon targets. We are commit ted to develop Dasa as the largest and highest

grade uranium producer in Africa and Enernet will help us to be come one of the mining

industry’s leaders in low emissions. Enernet’s approach will help reduce our up-front capital

costs, support Niger by engaging its state -owned utility Sonichar as our primary energy

source, introduce solar as a legacy to the region and utilize our own generators as a backup

to ensure the health and safety of our workers and continuous operations.”

“We are honoured to work with Global Atomic on this journey and salute their commitment to

a low-carbon future. This will be one of the greenest operations in sub -Saharan Africa,” said

Paul Matthews, Enernet ’s CEO. “ This is another big step by our Africa team to deliver

sustainable, renewable projects and drive toward our vision to decarbonize supply chains

around the world."

Matthew Silvester, Enernet’s Director of Development for Africa , added, “ We are excited to

begin engineering works, with start-up generation scheduled in 2022 and the hybrid plant to

be delivered in 2023. This marks another major step towards green generation as a standard

in Africa and brings benefits to the customer, the local community and shareholders.”

About Enernet Global Inc

Enernet Global is a distributed energy service provider that finances, builds, owns and

operates microgrids and drives the adoption of renewable energy, battery storage and energy

efficiency solutions that displace CO2 emissions. Built on the company’s proprietary software

platform, Enernet Global’s Energy-as-a-Service offering benefits on and off-grid customers by

providing less expensive, more resilient power solutions at no capital outlay for customers.

Enernet has operations in Australia, the Philippines, the Caribbean and Sub-Saharan Africa,

where it focuses on power solutions for sectors that include island development, mining,

commercial and industrial, remote communities, agriculture, utilities and hospitality.

About Global Atomic

Global Atomic Corporation (www.globalatomiccorp.com) is a publicly listed company (“Global

Atomic” or the “Company”; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) which provides a

unique combination of high -grade uranium mine 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, discovered in 2010 by Global Atomic geologists through

grassroots field exploration. With the issuance of the Dasa Mining Permit and an

Environmental Compliance Certificate by the Republic of Niger, the Dasa Project is fully

permitted for commercial produ ction. The Phase 1 Feasibility Study for Dasa was filed in

December 2021 and estimates Yellowcake production to commence by the end of 2024. Mine

excavation began in Q1 2022.

Media contact:

Paul Matthews

Chief Executive Officer

Enernet Global Inc.

Office: 3 East 80th Street, New York, NY 10075

Contact number: +1 541 292 6422

Email: [email protected]

Global Atomic Key Contacts:

Stephen G. Roman

Chairman, President and CEO

Tel: +1 (416) 368-3949

Email: [email protected]

Bob Tait

VP Investor Relations

Tel: +1 (416) 558-3858

Email: [email protected]