Global Atomic Announces Niger Government Support FOR the Dasa Project
NEWS RELEASE
GLOBAL ATOMIC ANNOUNCES NIGER GOVERNMENT SUPPORT
FOR THE DASA PROJECT
Toronto, ON, August 19, 2024: Global Atomic Corporation (“Global Atomic” or the “Company”),
(TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce that a letter was issued
by the Government of the Republic of Niger on August 15, 2024, in which President Tiani and the
Council of Ministers confirmed their support for Global Atomic and the Dasa Project.
In the letter translated below, the Government states that…
Mr. President and Chief Executive Officer,
The Conseil National pour la Sauvegarde de la Patrie Chairman, Head of State, His Excellency Brigadier
General ABDOURAHAMANE TIANI, has been informed of you investing in Niger's mining sector,
particularly in the DASA uranium project, and thanks you for your interest.
The Head of State has instructed his Cabinet, the Minister of Mines and all Nigerien stakeholders in the
sector to facilitate the implementation of your projects and investments in accordance with the
regulations in force and following a win-win approach.
The DASA project, which will be sustainably integrated into the national economy, is expected to play an
important role as a cornerstone for socio-economic development. As such, Niger's highest authorities
support it totally.
Finally, as your company has always complied with our country's regulations, I would ask you to keep on
doing so. That guarantees the continuity of our partnership.
We assure you that all that is necessary will be done to ensure that the State provides the best possible
support for SOMIDA's DASA project and I would like to extend you, Mr. President and CEO, my best
wishes.
Best regards,
Dr SOUMANA BOUBACAR
Minister, Director of the Cabinet
Copied to:
SP/CNSP: Permanent Secretary of CNSP – For information
PCNSP/DIRCABA: Deputy Head of Staff of the President – For information
CAB/PM: Prime Minister Office – For further information
M. Mines: Mines Ministry – For follow-up
PCNSP/SGP: Presidency Secretary General – For information
PCNSP/SGP/A: Deputy Presidency Secretary General – For information
ANPIPS: National Agency in charge of Strategic Investment Projects. – More information
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President and CEO of Global Atomic, Stephen Roman, stated, “ This letter confirms what we’ve
been telling all our stakeholders about the strong support from the Government of Niger for our
Dasa Project and our significant progress in its development to date. The inclusion of ANPIPS
(National Agency in Charge of Strategic Investment Projects) in the Minister’s letter, confirms
Dasa is considered a strategic investment for the Republic of Niger.”
“The Letter highlights that we have always complied with Niger’s regulations. The Mines Minister,
during his site visit in May 2024, witnessed our commitment to predominately populate our local
management and operating staff from Niger’s workforce and priorit ize Niger companies for the
supply of goods and services, where practical.”
“We are pleased to see that the government recognizes not only the socio-economic benefits that
accrue to Niger from Dasa, but also the excellent ESG work we have been doing since 2008.”
“We continue to develop the Dasa Project and look forward to bringing the mine and the
processing plant into production at the end of 2025, for delivery of yellowcake to utilities in the
U.S. and other countries in early 2026.”
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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]
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 pot ential 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 expendit ures; success of
exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and
permitting risks. Generally, forward -looking statements can be identified by the use of forward -looking terminology such as “plans”, “is
expected”, “estimates”, variations of such words and phrases or statements that certain actions, events or results “could”, “would”, “might”,
“will be taken”, “will begin”, “will include”, “are expected”, “occur” or “be achieved”. All information contained in this news release, other than
statements of current or historical fact, is forward -looking information. Statements of forward -looking information are subject to known and
unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic
to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described
in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.
Forward-looking statements are based on the opinions and estimates of management at the date such statements are made. Although
management of Global Atomic has attempted to identify important factors that could cause actual results to be materially diff erent from those
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forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materiall y from those anticipated in
such statements. Accordingly, readers should not place undue reliance upon forward-looking statements. Global Atomic does not undertake to
update any forward -looking statements, except in accordance with applicable securities law. Readers should also review the risks and
uncertainties sections of Global Atomics’ annual and interim MD&As.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.