Global Atomic (GLO) - Underground Development Starts with a Bang

Описание: Interview with Stephen Roman, President and CEO of Global Atomic Corp. (TSX: GLO)

Our previous interview:    • Global Atomic (GLO) - Uranium's Frontrunne...  

Recording date: 14th November 2022

Global Atomic Corp. is a Canadian and TSX-listed resource company with assets in Turkey and Niger. The company’s portfolio provides access to both high-grade uranium mine development and cash-flowing zinc concentrate production. The company’s flagship project is the Dasa uranium project. The Dasa uranium project is a high-grade uranium deposit, located in the Adrar Emoles III licence area, approximately 105 km south of the town of Arlit, in the Republic of Niger. The project hosts 129.1 million pounds of U3O8 in the indicated category as well as 128.4 million pounds of U3O8 in the inferred category, at a cut-off grade of 100 ppm U3O8.

The company announced on the 7th of November 2022 that it had officially commenced the underground development of the DASA uranium project. The commencement of the underground development was marked through an opening blast ceremony, held at the project. The opening ceremony was attended by more than 800 people and included the attendance of various dignitaries and interested groups from Niger including the country’s Prime Minister, Minister of State, Minister of Mines, various members of parliament and local counsellors.

The opening blast ceremony also signifies the significant benefits the people of the Agadez region will experience through the commencement of production at the DASA Project. The company plans to produce yellowcake uranium for various utilities in early 2025. The Dasa project is set to provide direct employment, training and apprenticeship opportunities for the local youth as well as various new employment opportunities for experienced mine workers in the area. The project will also provide indirect employment to various individuals through the local supply of services and goods to the Dasa project.

0:00 - Company Overview
0:27 - Overview of the Blasting in the Mine Site
1:25 - Attendees of the Recent Blast Ceremony
2:30 - Source and Cost of Funding for Dasa Uranium Project
3:33 - Significance of Getting the Dasa Uranium Project Financed
4:19 - Conversations with Utilities with their Intent to Secure Supplies
6:17 - Possible Restrictions by Banks
8:14 - Perspective on the Future of Uranium Prices
10:53 - Securing Infrastructures for the Dasa Uranium Project
14:41 - Outro

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