Global Atomic’s Dasa Project Visit by Niger Mines Minister Delegation
NEWS RELEASE
Global Atomic’s Dasa Project Visit by Niger Mines Minister Delegation
Toronto, ON, May 6, 2024: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX:
GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to report that on May 3, 2024, Niger’s
Mines Minister, Commissaire Colonel Ousmane Abarchi , joined local dignitaries, including the
Agadez Region Governor and local community authorities as well as SOMIDA employees for a
tour the Dasa Project. The visit was part of the Minister’s tour of significant exploration and mining
projects in the Agadez Region of northern Niger.
The high-level delegation visit included:
a tour of underground development now exceeding 1,000 meters, with 5 levels of development
underway to access the orebody and prepare stopes for mining
a review of the mine design and current 23-year mine plan
the official ceremony to commence earthworks in preparation for plant construction
a review of the plant design and timelines for plant commissioning at the end of 2025
a review of ESG activities and community engagement undertaken since 2008 in the region
the camp expansion area built to accommodate over 500 employees and contractors
Global Atomic President and CEO, Stephen G. Roman commented, “We were honoured to host
the Mines Minister and other dignitaries at our Dasa operation. The Minister expressed his
continuing support for the Project and confirmed the Government’s recognition of Dasa’s strategic
value and near-term economic benefit that will be realized in the form of local employment, taxes
and royalties.”
“Our relationship with Niger Government officials since field operations began in 2008 has always
been positive. The Government continues to offer support in many ways including security in the
region and assistance with expediting logistics to equip our mining team with supplies and
consumables to maintain a high pace of mine development. The underground development has
continued to progress on schedule. We value the Government’s support as we enter this next
significant stage to construct our processing plant.”
During his tour of the Dasa Project Niger’s Mines Minister, Commissaire Colonel Ousmane
Abarchi, stated, “ We came here, we visited the mine, and we launched the earth breaking
operations for the mill construction. Dasa is a reality everyone can see. We thank you all. We
are supportive of the SOMIDA team and Global Atomic. This project is very important for us; as
a government and as a shareholder. We want Dasa to be the start of new Niger mining practice
with expectations on State Income, Employment and Environment management.”
Below are photos of the tour, which will be available with vid eos on the Company’s website
www.globalatomiccorp.com.
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Figure 1: Moussa Souley, Managing Director, Mines Minister Briefing
Figure 2: Mines Minister review of Process Plant
Figure 3: Mines Minister in Rock Breaker
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Figure 4: Earthworks Equipment Lineup
Figure 5: Earthworks Equipment Lineup
Figure 6: Mines Minister Delegation Underground at Dasa Mine
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Figure 7: Mines Minister Delegation and SOMIDA Team
About Global Atomic
Global Atomic Corporation ( www.globalatomiccorp.com) is a publicly listed company that
provides a unique combination of high- grade uranium mine development and cash-flowing zinc
concentrate production.
The Company’s Uranium Division is currently developing the fully permitted, large, high grade
Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field
exploration. The “First Blast Ceremony” occurred on November 5, 2022, and commissioning of
the processing plant is scheduled for Q1, 2026 . Global Atomic has also identified 3 additional
uranium deposits in Niger that will be advanced with further assessment work.
Global Atomic’s Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L.
(BST) Joint Venture, which operates a modern zinc recycling plant, located in Iskenderun,
Türkiye. 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) 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, Asia and the United States of
America.
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]
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The information in this release may contain forward-looking information under applicable securities laws. Forward -looking information includes, but is not limited to, statements with respect to completion of
any financings; Global Atomics’ development potential and timetable of its operations, development and exploration assets; Global Atomics’ ability to raise additional funds necessary; the future price of uranium;
the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and
exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and
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