Global Atomic has been actively exploring in Niger since 2007 and discovered the Dasa Deposit in 2010

Exploration Permits were in the past granted within the provisions of Mining Conventions negotiated between Niger's Ministry of Mines and the applicant. The AE3 and AE4 Mining Conventions cover a period of 20 years ending September 2027, being the exploration period (three years plus two three-year renewals) and the first 10-year validity period of a Mining Permit.

Global Atomic also held the Tin Negoran Exploration Permits which are located approximately 100 kilometres south-west of the Dasa Project, cover an area of 486.2 km2 and together with the AE3 and AE4 exploration permits, expired on December 23, 2023. Exploration permit applications are in process. The AE3 Permit includes the Dasa Project, where definition and infill drilling of the Dasa Deposit are permitted to continue under Dasa's Mining Permit granted in 2020.

Geology

Dasa is a uniquely high-grade sandstone-hosted deposit with mineralization across a range of horizons from Jurassic to Carboniferous in age. It is metallurgically clean with low levels of deleterious elements.