Global Atomic aims to start Uranium production at the Tier 1 Dasa deposit, in Niger. In addition, Global Atomic has a 49% stake in the BST steel dust recycling operation in Turkey that produces zinc concentrate and provides financial leverage to minimise equity dilution.

Global Atomic owns 100% of the Dasa project in Niger, a major uranium deposit first discovered by Company geologists in 2010. A new PEA announced in April 2020 comprises an optimized Phase 1 of a larger mine development at the Dasa project. The Phase 1 plan is a low Capex development targeting profitable production over a twelve year mine life. During Phase 1 implementation, Global Atomic will aim to upgrade the substantial mineral resources outside of the Phase 1 mine plan to feed the larger Dasa Project future mine plan. Dasa is a graben-hosted sandstone deposit of world class size and grade.

Global Atomic has recently reached a C$3 share price which doesn’t come as a surprise as the company has made tremendous progress both on the Zinc side with the new plant and now with the Dasa Uranium project. They have the largest, highest grade Uranium project in Africa and have moved through the permitting process in a record 3 month timescale.

Niger has extensive experience in mining Uranium and has opened up its doors to new investment opportunities. There is a good knowledge base of Uranium mining and it is a big source of revenue for the country. The older projects which have been in operation for 50 years are now reaching the end of mine life and as they close their doors, the Dasa project can benefit as it has access to the experienced workforce on their doorstep.

Global Atomic will save time, money and training by employing this available workforce and there is also equipment available too. The Feasibility study will be released at the end Q3, 2021 to include final engineering and will show improvements in capex and opex due to the use of equipment, workforce and expertise from existing projects in Niger. A big drill programme is planned to start in September 2021 and they aim to be ready to go in Q1, 2022 with the most advanced Uranium story in Africa.

The Zinc element of Global Atomic is said to be potentially worth $200M of the $500M market cap and the new plant which was built in 2019 is now running at full capacity. The Zinc price is good and Global Atomic aims to have the project paid out this year, after which the cash flow from the Zinc project can be employed at the Dasa project.

Global Atomic is good for cash at the moment and their big focus now is to get the Feasibility study completed, start building the project and move towards production.

Company page: https://www.globalatomiccorp.com/

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