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Home
About
Company Profile
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Management
Directory
Operations
Uranium
Dasa Project
Technical Reports
Exploration
Uranium Marketing
Photos and Videos
Zinc
Befesa Silvermet Turkey
Photos and Videos
Investors
News Releases
Investment Case
Stock Information
Financial Reports
Other Regulatory Filings
Presentations & Webcasts
Events
Analyst Coverage
Media Coverage
OTCQX Best 50
ESG
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Dasa Project
The Dasa project is a large, high-grade uranium deposit that lies within the Adrar Emoles III licence area, 105km south of the established uranium mining town of Arlit, in the Republic of Niger.
Q4 2021
Completed Feasibility Study, incorporating the Flank Zone, with an Initial Phase 1 mine development over 12 years producing 45.4 million pounds and an after-tax NPV8 of USD $157M & an IRR of 22.7% using a uranium price of USD $35/lb
Q3 2021
Global Atomic confirms 90% ownership of Dasa Project
Canadian firm CMAC-Thyssen engaged to collar the Portal and begin underground development in Q2 2022
Began 15,000-meter program of both in-fill and step-out drilling to:
Increase Phase 1 resources
Upgrade Phase 2 resources
Q2 2021
Engaged HCF International Advisers to assist in project debt financing
Q1 2021
Granted Environmental Compliance Certificate
Extended all 6 Exploration Permits in Niger until the end of 2023
Signed Fuel Link agreement to market Yellowcake
Pilot Plant results confirm Dasa uranium recovery process
Q4 2020
Granted Mining Permit by Government of Niger
Q3 2020
Commenced Pilot Plant in Canada
Completed Development and Operational Plan
Completed Hydrogeology Study
Submitted the Mining Permit Application
Commenced preliminary discussions towards project financing
Q2 2020
Filed new PEA, incorporating the Flank Zone, with an Initial Phase 1 mine development over 12 years producing 44 million pounds and an after-tax NPV8 of USD $211M & an IRR of 26.6% using a uranium price of USD $35/lb
Completed Geotechnical Study
Shipped ore samples to Canada for testing
2019
Announced Flank Zone results and a significant resource upgrade for Dasa
2018
Invested over USD $50 million on Niger exploration since field work began in 2007
Discovered the high-grade Flank Zone
Published initial Preliminary Economic Assessment (“PEA”) to mine Dasa via Open Pit
2017
Signed MOU with Orano Mining for Direct Shipping ore to nearby mills
Merged GAFC with Silvermet Inc., holder of BST Joint Venture, to become a wholly-owned subsidiary of publicly traded Silvermet
Became a Positive Cash Flow company
Changed name to Global Atomic Corporation
2011 & 2012
Raised significant funding through JP Morgan, Macquarie and Investec to explore and develop the Dasa discovery
Focused exploration efforts on Dasa leading to the delineation of a large, high-grade resource
2010
Discovered the Dasa deposit on Adrar Emoles 3
2009
Work on the Isakanan deposit on the Adrar Emoles 4 permit indicated potential suitability for In Situ leach recovery (ISR target)
2007
Signed Mining Agreements on 4 permits known as Tin Negouran 1, 2, 3 & 4 and on two permits known as Adrar Emoles 3 & 4
Began exploration on the Tin Negouran permits and a surface deposit was delineated
2005
Incorporated Global Uranium Corporation (“GUC) to explore & develop uranium deposits
Changed name to Global Atomic Fuels Corporation (“GAFC”)