Global Atomic (TSX:GLO) - Strong Government Support, Development Continues for Dasa Uranium Project

Описание: Interview with Stephen G. Roman, President & CEO of Global Atomic Corp.

Our previous interview: https://www.cruxinvestor.com/posts/gl...

Recording date: 19th October 2023

Global Atomic Corporation (TSX:GLO) is a uranium development company with projects located in Niger, Africa. The company has uranium exploration permits covering over 5,000 km2 and operates the Dasa Project, which is currently under development. President and CEO Stephen Roman provided an update on the company's operations amidst the recent coup d'etat in Niger, highlighting that the project has strong government support as operations are continuing.

Dasa is a significant uranium deposit, with over 47 million pounds of probable resources at a grade of +5,000 ppm U3O8. The company is working on an updated reserve estimate and mine plan which is expected to show a substantial increase in reserves. First yellowcake production is now anticipated in 2026.

The uranium market fundamentals remain strong, with spot prices over $70/lb again. Global Atomic represents a compelling investment opportunity, with its advanced asset, expanding resources, and potential alternative financing arrangements. Key upcoming catalysts are the updated reserves and mine plan, progress on financing, and a resolution of the political situation in Niger.

View Global Atomic's company profile: https://www.cruxinvestor.com/companie...

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