Global Atomic Provides Financing Update
NEWS RELEASE
Global Atomic Provides Financing Update
Toronto, ON, April 28, 2025: Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO,
OTCQX: GLATF, FRANKFURT: G12) today provided an update on financing the Dasa Uranium Project in the
Republic of Niger.
Stephen G. Roman, President & CEO of Global Atomic, stated, “ I recently returned from my latest trip to
Niger, where I witnessed the impressive work of the mining team and the plant construction at the Dasa
Project. While in Niger’s capital, Niamey, I had excellent meetings with Mines Minister Abarchi and also
U.S. Ambassador Kathleen FitzGibbon both of whom continue to strongly support both Global Atomic and
the Dasa Project.”
“We are in discussions with a well -known uranium industry group regarding a limited , non-equity
investment. I also had productive meetings with a number of Dasa’s key Nigerien suppliers of materials
and services, including some who have confirmed their interest in investing in the Dasa Project. We are
currently progressing these discussions.”
“These potential transactions could eliminate the need for a near term equity financing, allowing the Bank
and potential JV partner sufficient time to complete their approval processes and commit funds for the
completion of the Dasa Project.”
“The U.S. Development Bank has confirmed that their internal process to advance the approval of a debt
facility for our Dasa Project is proceeding and is expected to occur this quarter . Once approved by the
Credit Committee, the Dasa Project loan will then move to the Investment Committee and the Board of
Directors for final approval.”
“Discussions regarding a minority project level joint venture continued through April, giving us a potential
alternative to finance 100% of remaining project development costs. Any joint venture investment would
be based on the intrinsic value of the Dasa Project as per the Company’s most current Feasibility Study plus
investments made by the Company to advance the Project since that date, and not the current value of
the Company’s shares.”
“The Company continues to manage its spending to provide additional time to finalize project financing
on terms best suited to the Company and its shareholders, without coming back to the equity market in
the near term.”
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 Q2, 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can be
advanced with further assessment work.
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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]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
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 expenditures; 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”, variat ions 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 different from those 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 d iffer materially 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 applica ble 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.