Global Atomic Corporation

Website: www.globalatomiccorp.com
Primary ticker: TSX:GLO
Stage of development: Production, Development
Primary minerals: Uranium
Project to promote: Dasa, Uranium

Live financials

Global Atomic is advancing the high-grade, large DASA uranium deposit in the Republic of Niger. In addition, Global Atomic benefits from the significant dividend stream generated by its share in the Befesa Silvermet zinc concentrate production facility in Turkey.

 

Management Profile

Merlin Marr-Johnson – Executive Vice President

Merlin is a geologist with over 25 years experience in the sector, covering both the financial and capital markets, and the technical aspects of the industry.


Stephen Roman – CEO

Stephen is a businessman with significant experience in the resources sector, highlights including the sale of Gold Eagle to GoldCorp for $1.5Bn, and winning the PDAC “Bill Dennis Award”, Prospector of the Year, 2016.


What is your rationale for attending 121 Mining Investment?

Global Atomic is looking to broaden its shareholder base and attract new buyers through on-market support.


What recent news would you like to highlight to investors attending?

Key recent news has been a significant resource upgrade (18 July) and the restart of the Turkish zinc facility (14 August)


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Announce the parameters of the study and start the PFS field programme in Niger. Continue commissioning of the BST zinc facility in Turkey

6 Months:

Complete field programme for PFS, Niger. Ramp up BST zinc facility, Turkey.

12 Months:

Submit development proposal and apply for Mining Permits, Niger. Target full capacity, BST zinc facility, Turkey


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Uranium price is a key risk. Mitigation: Dasa is a large and high grade deposit, so it is likely to be one of the first projects to be developed in a rising price environment. GLO is also looking to enhance shareholder value by assessing ways to reduce capex or opex via a number of trade-off and metallurgical studies


In a sentence, what do you think makes your company such a compelling investment?

GLO is a compelling investment because it is holds a Tier 1 uranium asset, both large and high grade, that is in the company for ‘free’. The cash flow from the Turkish recycling facility that produces zinc is a) worth more than the current mkt cap of GLO and b) enables development of the asset through the Feasbility and Financing stage without significant equity dilution