Global Atomic Announced Private Placement & Offtake Agreements Towards Strong Financing for Dasa Project

• Global Atomic announced private placement of up to C$30 Million to advance the fully permitted, large, high-grade Dasa uranium deposit in the Republic of Niger with mine development and plant construction.
• The 2024 Feasibility Study shows robust economics, with 68.1 Mlb U₃O₈ production over 23 years at an average cash cost of $30.73/lb.
• Project financing options via debt from development banks or a minority JV are well advanced, with the equity portion mostly satisfied by the company's investments to date.
• Four uranium offtake agreements have been signed with utilities, with yellowcake deliveries scheduled to begin in Q1 2026.
• Global Atomic also holds a 49% stake in the Befesa Silvermet zinc recycling plant in Türkiye, providing cash flow.

Global Atomic Corporation combines high-grade uranium mine development at the Dasa Project in Niger with cash-flowing zinc concentrate production from the Befesa Silvermet zinc recycling plant in Türkiye. The company's uranium division is focused on becoming a low-cost producer by developing the high-grade Dasa deposit.

Financing Progress

Global Atomic announced a non-brokered private placement, upsized up to C$36 million through the sale of up to 45,000,000 units at C$0.80 per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one common share at C$1.00 for 36 months. President and CEO Stephen Roman stated:

"We remain confident that in Q1 2025 we will have positive news regarding the major component of funding for our Dasa Project in the form of either a bank financing or a joint venture agreement. In the interim, we will continue to advance the Dasa Project development and stay on schedule for yellowcake production in early 2026 while we finalize the major funding component."

Dasa Project Overview

The Dasa uranium deposit is a Tier-1 asset - the largest, highest grade uranium deposit discovered in Africa. The project is fully permitted, with a mining permit, an export permit, and an operating team in place. Mine development is well underway, with the ramp decline reaching the orebody in late 2023.

The 2024 Feasibility Study demonstrates compelling project economics:

• 23-year mine life producing 68.1 Mlb U₃O₈ at an average reserve grade of 4,113 ppm
• After-tax NPV8% of $917 million and IRR of 57% at base U₃O₈ price of $75/lb
• All-in sustaining costs (AISC) of $35.70/lb U₃O₈
• Total capital costs of $646.9 million ($308.3 million initial)

At higher uranium prices, economics are even more attractive, with an after-tax NPV8% exceeding $1.6 billion at $105/lb U₃O₈.

2025-2026 Outlook

Global Atomic has made significant progress on project financing. Debt options with development banks and a potential minority JV for the processing plant are well advanced. The company's equity investments since 2021 have mostly satisfied the equity portion.

Importantly, Global Atomic has secured four uranium offtake agreements with utilities, validating the project. Yellowcake deliveries are scheduled to begin in Q1 2026.

Global Atomic has key milestones ahead:

• 2025: Project financing approval, plant construction, commissioning, infill drilling
• 2026: Commercial production, first yellowcake delivery, expansion studies

As one of the few uranium projects globally in active development today amid a structurally undersupplied market, Dasa is well-positioned.

For Investors

Global Atomic presents a unique investment opportunity - a high-grade, low-cost uranium project at an advanced stage, a cash-flowing zinc recycling operation, and an experienced management team with a proven track record. With the structural uranium supply deficit expected to worsen, Global Atomic is well-positioned to become a significant new uranium producer supplying the global nuclear energy industry. Investors should watch for news on project financing, additional offtake agreements, and continued de-risking of the Dasa Project over the coming months.