Saturday, August 23, 2025

Global Atomic Expects To Announce Dasa Uranium Project Funding By End Of Q1

Global Atomic (TSX: GLO) is expecting to have further details on the current status of a financing package for its flagship Dasa Uranium Project in Niger by the end of the current quarter. Discussions are said to have continued with the US government for the funding of the project, despite recent initiatives by Donald Trump to cut foreign spending.

While these discussions are said to have continued to advance, new parties are said to have also indicated a willingness to participate in the final funding solution for the project.

“By advancing the development of the mine, processing plant and infrastructure, we have significantly moved the Dasa Project closer to production while continuously adding to the intrinsic value of the Dasa Project. This is the basis of appraisal for all our financing discussions and not the current value of our shares,” commented Stephen Roman, CEO of Global Atomic.

On the ground, plant construction is said to be proceeding on schedule with earthworks nearly complete. Civil works are underway, with the concrete batch plant now under construction and large pieces of processing equipment now appearing on site. Portions of the camp have already been completed, with a “large percentage” of housing said to be ready for occupation.

In terms of the mine, underground development has progressed on the first two levels along the footwall of the orebody, while ventilation has been completed and commissioned.

Global Atomic last traded at $0.47 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Global Atomic To Raise $30 Million After Raising Funds In October

Global Atomic (TSX: GLO) is again returning to the markets to raise funds, after having...

Friday, January 24, 2025, 08:51:52 AM

Global Atomic Falls 27% Following Developments In Niger

Global Atomic (TSX: GLO) has tumbled this morning following Niger’s ruling junta revoking a military...

Monday, March 18, 2024, 10:08:42 AM

US Military To Exit Niger, What’s The Impact To Uranium Juniors?

The US government has given up on Niger. The government formally announced this weekend that...

Sunday, April 21, 2024, 09:34:00 AM

Global Atomic Reports After-Tax NPV (8%) Of $917 Million For Dasa Project

Global Atomic Corp (TSX: GLO) has released an updated feasibility study for its Dasa Project,...

Tuesday, March 5, 2024, 08:20:32 AM

Global Atomic Expects US$295 Million Development Bank Loan Approval In Q1 2025

Global Atomic Corp (TSX: GLO) is expecting to be approved for a project financing loan...

Tuesday, October 29, 2024, 08:21:34 AM