Global Atomic Provides Update on Turkish Zinc Project
PRESS RELEASE
Global Atomic Provides Update on Turkish Zinc Project
Toronto, ON, April 9, 2019: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX -V: GLO,
FRANKFURT: G12) is pleased to announce an update on its BST Joint Venture Zinc Project in Iskenderun, Turkey.
Highlights:
● The new 110,000 tonne / annum capacity W aelz kiln will be operational by August, with remaining
components including the concentrate washing section to be installed in September
● Old plant has been demolished and removed from site
● Powerline upgrades completed allowing for expanded plant
● Earthworks complete and new construction underway
● 150 construction personnel currently working on site
● Concrete forming and steelworks nearing completion
● EAFD processing operations will be fully commissioned by the end of September, 2019
● Please visit our website, www.globalatomiccorp.com, under “Base Metals Division” Image Gallery to see
construction progress photos
Based on an aggressive construction schedule being managed by the JV operator, Befesa, the plant is on schedule
to begin processing Electric Arc Furnace Dust (EAFD) by September. The project remains on time and on budget.
During the shutdown and construction period , since the end of January, 2019, the BST Joint Venture has been
stockpiling feedstock in order to start the new kiln with an adequate supply of EAFD to make up lost production.
“This recycling facility will be the newest and most modern in the world,” stated Stephen G. Roman, President and
CEO of Global Atomic. “It will employ state of the art automation and instrumentation. In addition, it will neatly
and efficiently convert steel mill waste product s into high grade zinc concentrate for sale to smelters in Europe
and Asia. We look forward to commissioning later in the year. For Global Atomic shareholders it is important to
note that the expansion has been funded at the project level, through a combi nation of 2018 operational cash
flow and credit lines,” said Mr. Roman.
About Global Atomic
Global Atomic Corporation is a TSX Venture listed company providing 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 mineralization has been identified on each of the permits, with the most
significant discovery being the DA SA 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 a
feasibility program to study shipping mineralized material to Orano Min ing’s operations in Arlit under an MOU
signed with Orano in July, 2017.
Global Atomics’ Base Metals Division holds a 49% interest in Befesa Silvermet Turkey, S.L. (“BST”) joint venture,
which operates a processing facility, located in Iskenderun, Turkey, t hat 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’), ho lds 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 Korea.
BST is well underway with an expansion project to significantly modernize and expand its processing plant in
Turkey. The expansion is targeted to double annual production of zinc from 30 million lbs to 60 million lbs and is
supported by EAFD supply currently available for processing in Turkey. The new plant is scheduled for completion
by September 2019.
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; Global Atomic’s development potential and timetable of its operating, development and exploration assets; Global Atomic’s ability to raise additional funds necessary; the future price of uranium;
the estimation of mineral reserves 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 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", “targets”, "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or
results "may", "could", "w ould", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than state ments of current and historical fact, is forward looking
information. Forward-looking statements are subject to known and unknown r isks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Gl obal
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 as of the date such statements are made. Although management of Global Atomic has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward- looking statements, there may be other factors that cause results not to be as antic ipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Global Atomic does not undertake to update any forward- looking statements, except in accordance with applicable securities laws. Readers should also
review the risks and uncertainties sections of Global Atomic’s annual and interim MD&As.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.