Global Atomic Advances Dasa Uranium Project
PRESS RELEASE
Global Atomic Advances Dasa Uranium Project
Toronto, ON, January 29, 2020: Global Atomic Corporation (“Global Atomic” or the “Company” ; TSX: GLO;
Frankfurt: G12; OTCQX: GLATF), has a unique combination of high grade uranium development and cash flow from
a recycling facility that produces zinc concentrate . We are pleased to provide an update on the Dasa Uranium
Project (“Dasa”), in the Republic of Niger and on the BST Joint Venture Zinc Project in Turkey.
Highlights:
• Dasa trade-off studies completed during 2019 have led to the compilation of an optimized Preliminary
Economic Assessment (“ PEA”), by CSA Global Pty. Ltd., incorporating the high value Flank Zone with a
Phase 1 mining plan to be completed in Q1, 2020
• The optimized PEA will form the basis of an NI 43-101, Final Technical Report, to be submitted to the
Government of Niger in Q4, 2020, in support of the application for the Dasa mining permit
• The 2020 work program currently underway includes further metallurgical test work, an Environmental
Impact Statement (“EIS”), and hydrogeological studies for inclusion in the Final Technical Report
• Improved zinc prices and steady-state production achieved at the new BST plant in Turkey
Mr. Stephen G. Roman, President & CEO of Global Atomic said, “We are pleased with the feasibility study progress
at Dasa. The Flank Zone has been a game changer for our initial Phase 1 mining plan. With high grades of 0.5%
U3O8 we envision a small tonnage ramp access mine in the Flank Zone, that will produce a meaningful amount of
uranium with low Capex and O pex. Should uranium prices improve and demand increase, the Dasa Mine and
processing facilities can be scaled up to generate higher throughputs.
Furthermore, we are pleased at the performance of the new BST plant in Turkey that continues to operate well and
will provide a valuable source of cash flow for the Company going forward.”
Dasa Uranium Project, Republic of Niger
The Dasa project field work is progressing well on a number of fronts . Art & Genie Environmental Consultants
based in Niamey, Niger , have been retained to complete the E IS required for the Technical Report and are
currently active in the field. ENYSA Drilling , also based in Niamey, have been retained to complete the
hydrogeological drilling needed for the optimized PEA. They are currently on site completing this drill program.
In Canada, Project Research Ortech Ltd., based in Mississauga, Ontario, are completing Flank Zone metallurgical
test work and flow sheet design under the direction of Insight R&D and Dr. Santiago Faucher . The test work is
progressing well and the data will be incorporated into the forthcoming optimized PEA.
CSA Global Pty. Ltd., has overall responsibility for the PEA and has completed the initial mine design for Phase 1
mining of the Flank Zone with all assumption s, parameters and project financial results to be released in due
course in line with the PEA scheduled completion mentioned above.
METC Engineering of Johannesburg, South Africa, are currently designing the Dasa process plant and will have
Capex and Opex data for inclusion in the PEA.
BST Joint Venture, Iskenderun, Turkey
The newly completed Electric Arc Furnace Dust (“EAFD”) reprocessing facility has had a successful commissioning
and ramp up and training of personnel continues. The plant is running on a steady-state basis and final production
numbers for the fourth quarter will be released in March, 2020 with the 2019 Audited Financial Statements.
The Turkish steel industry is c urrently running at 70 % capacity which is sufficient to supply adequate EAFD
feedstock to the recyclers in Turkey. Should zinc prices remain strong and with adequate feedstock available, debt
related to new plant construction is expected to be retired by Q1, 2021.
Other news
Global Atomic will be presenting at the Arlington Predaba and the Cape Town Mining Indaba conferences in South
Africa from January 31 to February 5, 2020.
Please visit our new website at www.globalatomiccorp.com.
Qualified Person
Technical information related to the Dasa Project contained in this news release has been reviewed and approved
by Alex Veresezan, P.Eng., a Principal Mining Engineer with CSA Global, who is an independent Qualified Person
as defined by NI 43 -101, with the ability and authority to verify the auth enticity and validity of this data. “We
believe that the forthcoming PEA will demonstrate a robust uranium development project at current pricing levels,”
said Mr. Veresezan.
About Global Atomic
Global Atomic Corporation is a TSX listed company that provid es a unique combination of high -grade uranium
development and cash flowing zinc concentrate production.
The Company’s Uranium Division includes six exploration permits in the Republic of Niger covering an area of
approximately 750 km 2. Uranium mineraliz ation has been identified on each of the permits, with the most
significant discovery being the Dasa deposit situated on the Adrar Emoles III concession, discovered in 2010 by
Global Atomic geologists through grassroots field exploration. The Dasa deposit is currently undergoing feasibility
studies and an EIS prior to applying for a Mining Permit in Q4, 2020.
Global Atomic’s Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (“BST”) joint venture,
which operates a processing facility, located in Iskenderun, Turkey, that converts Electric Arc Furnace Dust
(“EAFD”) into 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, capturing
approximately 50% of the European EAFD market, with facilities located throughout Europe and Asia.
The new BST Joint Venture plant is expected to double annual production of zinc from 30 million lbs to 60 million
lbs supported by EAFD supply currently available for processing in Turkey.
Key contacts:
Stephen G. Roman Merlin Marr-Johnson
Chairman, President & CEO Executive VP
Tel: +1 (416) 368-3949 Tel: +44 7803 712 280
Email: [email protected] Email: [email protected]
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;
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and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and
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