Global Atomic - Navigating Uranium Production in Niger

• Global Atomic Corporation is developing the Dasa Project, the world's only greenfield uranium mine currently under development, located in Niger.
• The project has completed over 1,000 meters of underground development and stockpiled 7,000 tonnes of ore, with processing plant completion targeted for Q1 2026.
• Strong government support includes 20% ownership by Niger, and the project has secured significant offtake agreements with major global electric utilities.
• Dasa is expected to revitalize Niger's uranium sector, potentially elevating the country to a top 5 global uranium producer.
• The project is strategically positioned to meet growing global demand for uranium as the world increasingly turns to nuclear power for clean energy.

About Global Atomic

Global Atomic Corporation (TSX: GLO) is a Canadian resource company at the forefront of uranium development. The company's primary focus is the Dasa Project, a high-grade uranium deposit situated in the Republic of Niger. As the global demand for clean energy sources continues to rise, Global Atomic is positioning itself to become a significant player in the uranium production landscape. The company's strategic approach combines advanced mining techniques with a commitment to sustainable development, aiming to meet the growing needs of the nuclear energy sector while contributing to the economic growth of Niger.

Project Status & Development

The Dasa Project has made remarkable progress, as evidenced by CEO Stephen Roman's statement:

"Our Dasa Project is well advanced, as our mining team has now completed over 1,000 meters of underground development and is preparing stopes for mining. Over 7,000 tonnes of development ore now sits on surface, ready for processing."

This achievement underscores the rapid pace of development at the site. The completion of over 1,000 meters of underground development is a significant milestone, indicating that the project is moving swiftly from exploration to production phases. The preparation of stopes - excavated areas from which ore is extracted - signals that the mine is nearing operational readiness. Furthermore, the accumulation of 7,000 tonnes of development ore on the surface demonstrates tangible progress and provides a stockpile for initial processing operations.

Roman further emphasizes the unique position of the Dasa Project in the global uranium market:

"Dasa is the only greenfield uranium mine under development in the world today, with processing plant completion on target for Q1 2026."

This statement highlights two crucial aspects of the project:

1. Its status as the sole new uranium mine currently under development globally, which could give Global Atomic a competitive edge in meeting future uranium demand.
2. The clear timeline for completion of the processing plant, providing investors and stakeholders with a concrete target for the start of production.

Government Support & Economic Impact

The Dasa Project has garnered significant support from both the Niger government and international energy stakeholders. As Roman explains:

"Dasa enjoys strong support from the Government of Niger as well as major world electric utilities, who have signed significant offtake agreements with Global Atomic."

This backing from the Niger government is crucial for the project's success, as it suggests a stable operating environment and potential for streamlined regulatory processes. The offtake agreements with major utilities indicate a ready market for the mine's future production, reducing market risk for the company.

Roman further elaborates on the project's economic impact:

"The benefits to the Republic of Niger will be significant through both their 20% ownership position in the Project as well as employment, taxation and royalties. The Dasa Project will revitalize the uranium sector in Niger and put it among the top 5 producing countries in the world."

This statement highlights several key points.

The Dasa Project's structure and potential impact on Niger are multifaceted and far-reaching. At the foundation of this venture is the Niger government's 20% ownership stake in the project. This significant participation aligns national interests directly with the project's success, fostering a symbiotic relationship between Global Atomic and the host country. Such alignment often leads to more stable operating conditions and can facilitate smoother regulatory processes, which are crucial for the long-term viability of mining operations.

Beyond direct ownership, the Dasa Project promises to be a substantial source of employment for the local population. In a region where job opportunities can be scarce, the introduction of a major mining operation has the potential to transform the local economy. From skilled mining positions to supporting roles in administration, logistics, and maintenance, the project is set to create a diverse range of jobs, contributing to the development of a robust local workforce.

The economic benefits extend further through taxation and royalties. As the project moves into production, it will generate significant revenue streams for Niger's government. These funds can be instrumental in supporting public services, infrastructure development, and other national priorities, thereby amplifying the project's positive impact beyond the immediate mining sector.

Perhaps most ambitiously, the Dasa Project aims to elevate Niger to one of the top five uranium-producing countries globally. This goal, if achieved, would markedly enhance Niger's position in the global resource market. It would not only boost the country's economic standing but also increase its geopolitical significance as a key player in the nuclear fuel supply chain. Such a shift could have far-reaching implications for Niger's international relations and bargaining power in the global arena, potentially opening doors to new partnerships and opportunities for national development.

Global Impact & Market Position

As the world increasingly turns to nuclear power as a clean energy solution to combat climate change, Global Atomic's Dasa Project is well-positioned to meet the growing uranium demand. The company's focus on developing a high-grade deposit in Niger, a country with a history of uranium mining, provides it with both geological and geopolitical advantages.

The project's advancement comes at a time when many established uranium mines are reaching the end of their life cycles, and few new projects are in development. This timing could allow Global Atomic to capture a significant share of the market as older mines decrease production.

Investment Thesis for Global Atomic

• Unique Market Position: Dasa is currently the only greenfield uranium mine under development globally, offering investors exposure to a rare opportunity in the uranium sector.
• Advanced Project Status: With over 1,000 meters of underground development completed and 7,000 tonnes of ore already extracted, the project has demonstrated significant progress.
• High-Grade Deposit: The Dasa Project's high-grade uranium resources provide the potential for competitive production costs.
• Strategic Location: Niger's history of uranium mining offers a skilled workforce and established infrastructure.
• Strong Government Support: The Niger government's 20% ownership stake and support for the project reduce political risk.
• Offtake Agreements: Significant agreements with major utilities ensure a market for future production.
• Clear Timeline: Target for processing plant completion in Q1 2026 provides investors with a concrete production horizon.
• Market Timing: Potential to benefit from anticipated increases in uranium demand and pricing as global nuclear energy use expands.
• Economic Impact: Project poised to elevate Niger to a top 5 global uranium producer, suggesting significant scale and importance.
• Sustainable Development: Focus on local employment, taxation, and royalties demonstrates commitment to positive economic impact in Niger.

Global Atomic Corporation's Dasa Project represents a significant development in the uranium mining sector, offering a unique opportunity in a market poised for growth. Global Atomic is strategically positioned to meet this rising demand as the world increasingly recognizes the importance of nuclear energy in achieving clean energy goals. The company's progress in Niger, coupled with strong government support and established offtake agreements, demonstrates a solid foundation for future success. While challenges inherent to mining operations and market fluctuations remain, Global Atomic's clear development timeline, high-grade deposit, and potential to impact both the global uranium market and Niger's economy make it a compelling case study in resource development. As the project advances towards its target of processing plant completion in Q1 2026, industry observers and investors alike will be watching closely to see how this unique venture unfolds in the evolving landscape of global energy resources.