Dasa is the highest-grade uranium deposit in Africa, surpassed only by grades found in Canada’s Athabasca Basin, and is scheduled to achieve commercial production in early 2026.
“The approval timelines outlined by the bank support yellowcake deliveries in 2026 as anticipated in the four off-take agreements we have in place with American and European nuclear power utilities,” said President and CEO of Global Atomic, Stephen G. Roman.
“To help fund the continuing development of Dasa until the bank funds are available, earlier this month we raised C$40 million ($29 million) in an oversubscribed public offering,”
Global Atomic shares traded at C$1.15 apiece on Tuesday morning in Toronto, valuing the company at C$304 million ($218 million).
In addition to the development bank, Global Atomic is in discussions with parties regarding potential joint venture investment in the Dasa Project and other…
