Global Atomic Corp. , is pleased to announce that underground development has officially commenced at the Dasa Uranium Project in the Republic of Niger. On November 5, 2022, Global Atomic hosted over 800 people for the Opening Blast Ceremony at the Dasa Mine which marks a significant milestone towards producing yellowcake for delivery to utilities in early 2025. The successful execution of this event on schedule, Dasa is [...]
Global Atomic Corp. , is pleased to advise that it has received a Letter of Intent from a second major western utility for the procurement of uranium from the Company's Dasa Project in the Republic of Niger. HIGHLIGHTS The LOI represents the supply of up to 2.4 million pounds U3O8 within a multi-year delivery window beginning in 2025, representing about 7% of Dasa's annual Phase 1 production over the period. The revenue [...]
Global Atomic Corp. , is pleased to announce the signing of Development Consultants Private Limited of Kolkata, India, and Lycopodium Minerals Canada Ltd. to commence the basic and detailed engineering, procurement and Project Management of the Dasa Mine processing plant in the Republic of Niger. These engineering and project delivery firms were selected to form an Integrated EPCM Project Team synthesizing proven uranium [...]
Global Atomic Corp. , is pleased to announce the successful conclusion of shareholders exercising warrants that were issued along with common shares in March 2021 primarily to advance the Company's Dasa Uranium Project in the Republic of Niger. Since these warrants were issued, 3.12 million C$3 investor warrants were exercised for gross proceeds of C$9.36 million. An additional 375,000 broker warrants were also exercised [...]
Global Atomic Corp. , is pleased to announce the Company's third update on the 15,000-meter drill program that commenced September 2021 at the Dasa Project in the Republic of Niger. HIGHLIGHTS: Hole ID From To Interval eU3O8 eU3O8 ASDH604 436.8 555.1 118.3 1,854 0.19 Incl. 507.1 526.4 19.3 7,804 0.78 Incl. 509.8 514.2 4.4 10,064 1.01 Incl. 519.7 524.1 4.4 11,428 1.14 Incl. 520.4 521.2 0.8 21,286 2.13 ASDH608 546.6 632.3 [...]
Global Atomic Corp. , announced today its operating and financial results for the three and six months ended June 30, 2022. HIGHLIGHTS Dasa Uranium Project In Q4 2021, the Company began a 15,000-meter drill program at the Dasa Project with three objectives: Conduct infill drilling to upgrade Inferred Resources to Indicated Resources so that they may be included in a revised mine plan. Connect Mining Zones 2, 2a and 2b to [...]
Global Atomic Corp. , , is pleased to announce the incorporation of Société Minière DASA S.A. or "SOMIDA", the Company's Niger mining subsidiary under which the Dasa Uranium Project will operate. SOMIDA will be governed by a Board of Directors comprised of six representatives from the Company and three representatives of the Government of Niger. HIGHLIGHTS: Share ownership of SOMIDA will be 80% Global Atomic and 20 [...]
Company will complete early engineering prior to constructing, owning and operating hybrid power plant to offset 35% of carbon emissions. Enernet Global Inc. , a leading hybrid independent power producer, has commenced early engineering for a hybrid power plant for the Dasa Project currently under development by Global Atomic Corp. . Upon completion, Enernet will build, own, operate and maintain the hybrid power plant at [...]
Global Atomic announced shareholder voting results from the Annual General & Special Meeting of Shareholders held June 23, 2022. Directors were elected to the Board as per the voting results in the table below: Director Nominee For % Withheld % Tracey J. Arlaud 59,482,315 99.88 67,276 0.11 Asier Zarraonandia Ayo 59,468,413 99.86 81,178 0.14 Dean R. Chambers 59,255,675 99.51 293,916 0.49 Richard R. Faucher 59,255,374 99.51 [...]
Global Atomic Corp. , will webcast its Annual General & Special Meeting of Shareholders on Thursday, June 23, 2022 at 10:30 a.m. . Again this year, the AGSM will be held in a virtual-only format via a live audio webcast at https://virtual-meetings.tsxtrust.com/1117. Registered shareholders and duly appointed proxyholders who participate in the AGSM online will be able to listen to the proceedings, ask questions and vote [...]
Global Atomic Corp. is pleased to announce that the Company has now received Letters of Intent from a banking syndicate to finance the Dasa Uranium Project in Niger. The syndicate is comprised of North American financial institutions and includes the previously announced indication from Export Development Canada. The names of all members of the syndicate will be named following further due diligence and board approvals by [...]
Global Atomic Corp. is pleased to advise that it has received a Letter of Intent for the procurement of uranium from a major North American utility. The award follows a comprehensive due diligence process conducted by the utility, and reflects the confidence the fuel buyers have in the Dasa operation. HIGHLIGHTS The award defines the supply of 2.1 million pounds U3O8 over a six-year period commencing in 2025, representing [...]