Global Atomic Dasa Uranium Project Update

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Global Atomic Corporation (“Global Atomic” or the “Company”; TSX:GLO; OTCQX: GLATF; Frankfurt: G12) announced today that significant progress has been made towards submitting it’s Mining Permit application for the Dasa Uranium Project in the Republic of Niger, West Africa. 

HIGHLIGHTS:

In July,

• The Company filed its completed Environmental Impact Statement (“EIS”), with the Niger Government;
• The Dasa Project site hydrogeology drilling and water flow test work has been completed; and
• A tender for final geotechnical diamond drilling for the feasibility study has been issued.

In August,

• Two public hearings in Niger regarding the EIS are being scheduled; one in the Dasa Project area and the other in the capital city of Niamey;
• the Company will begin a Pilot Plant test program to confirm Dasa process plant flow sheet and recoveries using drill-hole samples that recently arrived in Canada for the test work. The samples represent mineralized material expected to be mined in the first five years of mining operations; and
• The Pilot Plant Study as well as the optimization and finalization of the flow sheet is being conducted at Process Research Ortech of Mississauga, Ontario, world renowned experts in uranium extraction. Results are expected in Q4, 2020.

Next steps include:

• Global Atomic expects to file its Development Plan with the Niger Government by the end of August along with it’s Mining Permit application; and
• Dasa Project development work ongoing will include the Pilot Plant operation, geothechnical drilling to refine the mining plan and final feasibility studies including refinement of project Capex and Opex.

Ron Halas, P.Eng., Chief Operating Officer stated, “Since I joined the Company in March, the Global Atomic operating team and consultants have made excellent progress with all facets of our Dasa Project development. We are now preparing the documentation necessary for our Mining Permit application and continuing to de-risk the Project. It is an exciting time and I look forward to reporting on further progress in the coming months.”