Global Atomic Corp.

Highlighting Significant Progress on its Dasa Uranium Project and a Positive Outlook for its Zinc Recycling Business Global Atomic Corp. , announced today its operating and financial results for the year ended December 31, 2020. HIGHLIGHTS Dasa Uranium Project A Preliminary Economic Assessment of the Phase 1 Development Plan for the Dasa Uranium Project was completed, indicating an initial, Phase 1, 12-year mine schedule [...]

Global Atomic Corp. is pleased to report on the successful completion of a Pilot Plant Program demonstrating the viability of the uranium recovery process detailed in the May 2020 Preliminary Economic Assessment for the Dasa Project located in the Republic of Niger, West Africa. The Pilot Plant was erected in August 2020 within the Process Research Ortech facility in Canada and ran in a steady-state fashion over a 3-month [...]

Global Atomic Corp. is pleased to announce that it has closed its previously announced "Bought Deal" private placement, including full exercise of the over-allotment option, for gross proceeds of C$12,500,000 . Under the Offering, the Company sold 6,250,000 units of the Company at a price of C$2.00 per Unit . The Units were sold through a syndicate of underwriters led by Red Cloud Securities Inc. and included Cormark [...]

Global Atomic Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. pursuant to which Red Cloud, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters shall purchase for resale 5,000,000 units of the Company at a price of C$2.00 per Unit on a "bought deal" private placement basis for gross proceeds of C$10,000,000 . Each Unit shall be comprised of one [...]

Global Atomic Corp. , is pleased to announce it has entered into an Agreement with Fuel Link Limited , to provide uranium marketing services to the Company. Fuel Link was founded by Mr Bahi Sivalingam in 2005, subsequent to his departure from Rio Tinto Plc. While at Rio Tinto, Bahi was a Board member and Marketing Director of Rio Tinto Mineral Services Limited and responsible for the sales from the Rössing Uranium Mine, a [...]

Global Atomic Corp. , announced the exercise of all common share purchase warrants issued pursuant to the Company's Unit private placement of May 2020 and accelerated expiry date announced January 21, 2021. A total of 2,769,167 Investor warrants and 149,000 Finder's warrants were exercised for proceeds of C$2,453,000. The Company now has 155,679,283 common shares issued and no warrants outstanding. About Global Atomic [...]

Global Atomic Corp. , announced that the Government of the Republic of Niger has issued an Environmental Compliance Certificate for the Dasa Uranium Project. The Company has also received three-year permit extensions for each of its six Exploration properties in Niger, all of which have seen substantial exploration programs in the past. President and CEO of Global Atomic, Stephen G. Roman said, "The issuance of the [...]

Global Atomic Corp. , announced the acceleration of the expiry date of common share purchase warrants issued pursuant to the Company's Unit private placement of May 2020. Units consisted of one common share and one-half common share purchase warrant exercisable at C$0.85 for a period of two years from closing, Finder's warrants issued pursuant to closing are exercisable at C$0.67 for a period of two years from closing [...]

Global Atomic Corp. , is pleased to announce year end results for its Turkish joint venture. In 2020, the operations processed 68,840 tonnes of electric arc furnace dust and shipped 38.4 million pounds of zinc contained in Waelz oxide concentrates. Overall operating results for the 4th quarter and the year are summarized as follows: Cdn $ '000 3 months ended December 31, 12 months ended December 31, 2020 2019 2020 2019 [...]

All dollar amounts are in Canadian dollars unless otherwise stated. 2020 was a year we will all remember. For everyone it was a year of coping with the pandemic and we salute everyone's efforts to stay healthy and keep spirits high. It was great to see so many individuals rise to the challenges and work tirelessly on the front lines to help others in need. Global Atomic Corp. had a very successful year as the Company made [...]