TORONTO, Jan. 10, 2024 /CNW/ – Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO) (FRANKFURT: G12) announced today several corporate updates as the Company advances its Dasa uranium project in the Republic of Niger.
Completion of Third Off-Take Agreement
Global Atomic has formalized the Letter of Intent announced in October 2023 by signing a Definitive Agreement for the sale of 350,000 lbs uranium per annum from the Company’s Dasa Project in the Republic of Niger. This is the third such agreement signed by the Company, having formalized similar agreements in January and May of 2023 and brings the Company’s current contracted volume to approximately 1.5 million pounds U3O8 per annum over Dasa’s initial five years of operation. With the completion of this Agreement, Global Atomic has satisfied the “pre-sales” requirement of its banking syndicate.
Updated Feasibility Study
The Company is nearing completion of an…
