Global Atomic Corporation (TSX:GLO) has received a letter from the Government of the Republic of Niger in which President Tiani and the Council of Ministers confirm support for the company and development of its Dasa uranium project.
The company continues to develop the Dasa Project and expects to be bringing the mine and the processing plant into production at the end of 2025 for delivery of yellowcake to utilities in the US and other countries in early 2026.
President and CEO of Global Atomic Stephen Roman says the letter confirms strong support from the Government of Niger for the Dasa Project and the company’s progress in its development to date.
“The inclusion of ANPIPS (National Agency in Charge of Strategic Investment Projects) in the Minister’s letter, confirms Dasa is considered a strategic investment for the Republic of Niger,” Roman says.
“The letter highlights that we have always complied with Niger’s regulations. The mines minister, during his site visit in May 2024, witnessed our commitment to predominately populate our local management and operating staff from Niger’s workforce and prioritise Niger companies for the supply of goods and services, where practical.
“We are pleased to see that the government recognises not only the socio-economic benefits that accrue to Niger from Dasa, but also the excellent ESG work we have been doing since 2008.”
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.
Global Atomic’s uranium division is currently developing the fully permitted, large, ‘high-grade’ Dasa deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration.
The “First Blast Ceremony” occurred on 5 November 2022, and commissioning of the processing plant is scheduled for Q1 2026. Global Atomic has also identified three additional uranium deposits in Niger that will be advanced with further assessment work.
Global Atomic’s Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey joint venture, which operates a modern zinc recycling plant, located in Iskenderun, Türkiye. The plant recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. Its joint venture partner, Befesa Zinc, holds a 51% interest in and is the operator of the BST Joint Venture.
Write to Adam Orlando at Mining.com.au
Images: Global Atomic
