Consolidated Net Income Increased 45% to $7.4 million Attributable EBITDA Increased 26% to $13.5 million Comparative Results for 2018 & 2017 of the Joint Venture at 100% Summarizes Comparative Operations Metrics of the Iskenderun Facility Settling Chamber Construction New Kiln Transported to Site Reactor Assembly Production Bag Filter Assembly DASA Targeted Drill Areas DASA Mineralized Zones & Underground Conceptual Mine [...]
Global Atomic Corp. , is pleased to announce an update on its BST Joint Venture Zinc Project in Iskenderun, Turkey. Highlights: The new 110,000 tonne / annum capacity Waelz kiln will be operational by August, with remaining components including the concentrate washing section to be installed in September Old plant has been demolished and removed from site Powerline upgrades completed allowing for expanded plant Earthworks [...]
Global Atomic Corp. , is pleased to report further assay results from holes drilled in 2018 at its DASA project, Republic of Niger. An updated mineral resource estimate is now underway, and will be published in the second quarter of 2019. Figure 1 DASA mineralized zones and underground conceptual mine workings as per the PEA Highlights: Hole DADH389 returned 96.0 meters grading 2,570 ppm U3O8 from 492.0m to 589.0m in the [...]
Global Atomic Corp. , is pleased to report assay results from four holes drilled in 2018 at its DASA project, Republic of Niger. All four holes have returned substantially higher assay grades than previously reported probe results. Section 1900NW, looking West Section 1950NW, looking West Highlights: Significant high grade intersection of 17,118 ppm U3O8 returned over 98 meters in ASDH563, 135% higher than the previous [...]
Global Atomic Corp. , announced today it has raised gross proceeds of $1,256,000 pursuant to the initial closing of a non-brokered private placement of up to $1,500,000 or 4,687,500 common shares at a price of $0.32 per common share. Final closing of the private placement is anticipated prior to January 31, 2019. The common shares are subject to a four month hold period ending May 19, 2019. A cash finder’s fee equal [...]
Global Atomic Corp. , is pleased to provide the following update regarding the Corporation’s activities: Highlights: The Government of the Republic of Niger has granted a two-year extension to January 29, 2021 on all of Global Atomic’s Exploration Permits in the Tim Mersoi Basin. These include the Adrar Emoles 3 Permit which hosts the DASA uranium deposit currently in the Feasibility stage of development. In [...]
Global Atomic Corp. , is pleased to provide the following update regarding the filing of the Company’s Preliminary Economic Assessment on Sedar, interim unaudited Financial Statements and MD&A for the three and nine month period ended September 30, 2018 and the closing of its non-brokered Private Placement. Comparative operational metrics of the processing plant in Iskenderun Comparative results for the three and [...]
Global Atomic Corp. , is pleased announce it has raised gross proceeds of $9,191,900 pursuant to the initial closing of a non-brokered private placement of up to $10,000,000 or 33,333,333 shares priced at $0.30 per share. The Company retained Arlington Group Asset Management Limited in London, UK, as its lead capital finder pursuant to the financing. Final closing is scheduled for November 30, 2018. President and CEO [...]
Global Atomic Corp. , is pleased to announce the results of the Preliminary Economic Assessment on the DASA Project , located in the Republic of Niger. Mine Plan Schedule – 900 ppm Cut-Off Process Flowsheet Processing Cost Breakdown DASA Project Development Timeline A summary of the PEA is provided below, including opportunities being explored through an alternate mining strategy to accelerate development of the [...]
Global Atomic Corp. , is pleased to announce its operating results for the second quarter and first half ended June 30, 2018. DASA Targeted Drill Areas HIGHLIGHTS • Consolidated net income for the Company was $1.1 million for Q2 2018 and $4.8 million for H1 2018, an increase of 175% from Q2 2017 and 71% from H1 2017. • The Befesa Silvermet Turkey, S.L. joint venture shipped 8.2 million pounds of zinc in [...]
Global Atomic Corp. , is pleased to announce the following exploration update from its flagship DASA Project in the Republic of Niger, West Africa. DASA Targeted Drill Areas Highlights: Drilling at DASA along strike and down dip has been successful in confirming Global Atomic’s geologic interpretation of the deposit and has identified five distinct areas of new mineralization. High grade mineralization was [...]
Global Atomic Corp. , is pleased to announce continuing positive drill results from the DASA Uranium Project in the Republic of Niger, West Africa. DASA Targeted Drill Areas DASA Project Drilling Highlights: The primary objectives of the 2018 drill program at DASA were to prove the potential for near term, open pittable production at the Flank Zone and to assess the potential for further discoveries and resource expansion [...]
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