Global Atomic Corporation is poised to make a significant mark on the uranium sector with the development of the Dasa deposit located in the Republic of Niger. Set to commence uranium production by the end of 2024, the Tier 1 Dasa deposit is a sandstone-hosted phenomenon first unearthed by the company's geologists in 2010. Noted as the most substantial high-grade uranium find in Africa since the 1970s, Global Atomic owns an 80% stake in the venture. This endeavour is slated to supply yellowcake uranium to utilities beginning in 2025, following the initiation of mining operations. In 2017, Global Atomic's strategic Memorandum of Understanding with Orano Mining S.A., potentially paves the way for Dasa's uranium ore to be processed at existing facilities near Arlit, 135 kilometers to the north. Beneficially, this could provide early revenue streams from development ore even before Global Atomic's own processing plant is operational. With both mining permit and Environmental Compliance Certificate secured from the Government of Niger between December 2020 and January 2021, the Dasa project is full-steam ahead.
Beyond uranium, Global Atomic diversifies its portfolio with a lucrative 49% interest in the BST steel dust recycling operation in Turkey. In conjunction with Befesa S.A., this joint venture capitalizes on the extraction of zinc from Electric Arc Furnace Dust to produce high-grade zinc oxide concentrate. The Iskenderun-based facility, under the leadership of Befesa, holds a 51% majority. Befesa's reputation as a market leader in Electric Arc Furnace Dust recycling only underscores the value locked within this strategic partnership, a significant asset that also minimizes the necessity for capital-raising through equity dilution.
The Dasa Feasibility Study delineates an optimized first phase for mining, harnessing economic potential over 12 years from an approximately 20% segment of the known deposit. Completion of 16,000 meters of drilling to elevate resource categorization within this phase enriches project economics significantly. In the broader scope, this meticulous preparation extends beyond Phase 1, contributing to a coherent body of Measured and Indicated Resources, and priming economic evaluations to span the entirety of the Dasa project. The Box Cut for ramp access, crafted in 2022, and current underground developments, lay the groundwork for an imminent surge in uranium production. With an on-site workforce, infrastructure, and ongoing project financing for the processing plant, Global Atomic is forging an undeniable path to market prominence.
Join Kevin Dwyer, a seasoned stock trader, and Robynne Eaton, an entrepreneurial filmmaker, in 'The Mine$tockers' as they embark
on a thrilling international quest. Venturing into rugged and often perilous mining territories, they investigate publicly traded mining companies,
from gold to base metals, seeking profitable investments and making critical investment decisions.
Their journey digs deep into the lives of local communities and explores the complex relationships between mining operations, environmental stewardship,
and indigenous peoples. With insights from geologists, experts, and indigenous partners, Kevin and Robynne evaluate each company's environmental and social governance,
revealing the intricate balance of industry standards and ethical practices.
Travel alongside them in diverse modes, from RVs to seaplanes, as they uncover the hidden stories and histories
of the mining world, offering a unique perspective on the challenges and beauties of the global mining landscape.
MineStocker Robynne Eaton loves to get details firsthand. With professional film production experience and an outgoing personality, Robynne brings her unbiased viewpoint.
Robynne will examine the local travel highlights while checking out the investment opportunities!
Who are the people on-site, in the mine office as well as in town? Meet them with Robynne, see them from her eyes.
Robynne has traveled to many fantastic and exciting places for business and pleasure. As a Mine$tockers, Robynne and Kevin will highlight many of the incredible places the show takes them to.
Former Bay Street trader, Kevin Dwyer, has transitioned from his role as an over-the-counter stock trader in the resource sector to a private investor and adventurer. He now visits mining properties to gain firsthand insights.
The Mine$tockers believe in making informed investment decisions in the mining industry. They carefully evaluate established and up-and-coming mining stocks, interact with local communities and base their trades on their findings.
With a wealth of experience in the great outdoors, Kevin has traveled to diverse destinations, from the northern wilderness to the southern deserts. He is an avid sportsman, hiker, and adventurer.
MineStocker Bali loves to get details of lunch firsthand.
Bali will examine the local food highlights while checking out local canine!
Who are the people on-site, in the mine office as well as in town? Meet them with Bali, see them from her eyes.
Bali has traveled to many fantastic and exciting places for lunch and will lead the way!