Global Atomic Corporation, a publicly listed company, is pleased to announce that the Government of the Republic of Niger issued a letter on August 15, 2024, expressing its support for Global Atomic and the Dasa Project. In the letter, President Tiani and the Council of Ministers confirmed their endorsement of Global Atomic’s endeavors in the mining sector, specifically the Dasa uranium project.
The Government’s letter outlines their support for Global Atomic’s project, highlighting the anticipated socio-economic benefits and the importance of the Dasa Project in national economic development. The Government also emphasized the need for compliance with regulations and the utilization of local resources, reflecting on Global Atomic’s commitment to following local practices.
Global Atomic’s President and CEO, Mr. Stephen Roman, acknowledged the Government’s support as a validation of the company’s efforts in developing the Dasa Project. He highlighted the importance of compliance with Niger’s regulations and the company’s commitment to local workforce integration and economic development.
The Government’s recognition of the Dasa Project as a strategic investment affirms Global Atomic’s dedication to sustainable development and community engagement. The company remains focused on advancing the project and aims to commence production by the end of 2025, delivering yellowcake to utilities in the U.S. and other countries in early 2026.
Global Atomic Corporation, through its Uranium Division, is developing the Dasa Deposit in Niger, with plans for further exploration in the region. Additionally, the company’s Base Metals Division holds a significant interest in a zinc recycling plant in Turkey. The company continues to pursue its growth strategy while adhering to applicable securities laws and regulations.
In conclusion, Global Atomic Corporation is committed to responsible mining practices, economic development, and maintaining strong partnerships with local communities and governmental stakeholders. The company’s dedication to compliance, sustainability, and ethical business practices underscores its commitment to long-term success and responsible resource development.
