Toronto, ON, September 3, 2020: Global Atomic Corporation (“Global Atomic” or the “Company”; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) engaged this week with over 20 firms within the global mining investment community at the Mines & Money Online Connect Virtual Conference in a series of one-on-one meetings.
Many of these firms who met with management are currently shareholders, who have benefitted this year from the Company’s advancement of the development of its Dasa Uranium Project in Niger, whereas others were new to the Company’s story and were surprised to learn about:
- the successful uranium mining industry in Niger during the past 50 years;
- Niger’s excellent infrastructure to support mining and the efficiency of their mine permitting process;
- the speed of development at Dasa, with the 2021 expectation for permitting in Q1, the completion of all engineering and geotechnical work prior to collaring a portal in early 2022;
- the high-grade, long-life potential of the Dasa Project as defined by drilling results and this year’s Preliminary Economic Assessment;
- Dasa’s projected low costs that would allow the mine to be profitable at, and even well below, today’s uranium spot price;
- the positive outlook for uranium supply and demand;
- the potential cash contribution of the Company’s zinc recovery JV once the 2019 expansion has been paid;
- the financing optionality the Company has given its potential to:
- develop the Dasa mine and mill in phases;
- leverage relationships and existing facilities in Niger; and
- leverage the future cash flow from the Company’s zinc business.
Stephen Roman, President & CEO of Global Atomic, commented, “We thank Mines & Money for persevering and holding such a unique global conference during the pandemic and thank those investors and financiers who took the time to meet with us. In the coming weeks, we look forward to following up with the many investors who could not find an open time slot in our conference agenda.”