Global Atomic Secures Strategic European Uranium Supply Agreement, Strengthens Market Position

• Signed offtake agreement with European utility for 260,000 pounds U3O8 per year (2026-2028)
• Fourth such agreement, representing 12.5% of currently defined uranium production
• Project construction costs covered with flexibility for additional agreements
• Submitted RFP to American utility for 700,000 pounds U3O8 over five years (2028-2032)
• Dasa Mine expected to produce 68.1M pounds U3O8 over 23-year mine plan

About Global Atomic

Global Atomic Corporation (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) represents a unique investment proposition in the mining sector, combining high-grade uranium development with cash-flowing zinc concentrate production. The company's flagship Dasa Project in Niger, discovered in 2010, stands as one of the world's largest and highest-grade uranium deposits. Complementing its uranium operations, the company maintains a 49% interest in a zinc recycling operation in Turkey through its joint venture with Befesa, providing steady cash flow to support its uranium development activities.

Strategic European Partnership

The latest agreement marks a pivotal development in Global Atomic's commercialization strategy, establishing a significant three-year offtake agreement with a European-based nuclear power utility. Under the terms of the agreement, Global Atomic will supply 260,000 pounds of U3O8 annually, commencing in 2026. This partnership carries particular strategic importance given Europe's increasing focus on nuclear energy as a key component of its energy security and decarbonization strategies.

The timing and nature of this agreement are especially noteworthy considering the current geopolitical landscape in Niger, where the Dasa Project is located. Despite regional challenges, the European utility's commitment demonstrates strong confidence in Global Atomic's ability to execute its development plans and deliver uranium supply. This vote of confidence from a major European utility not only validates the company's operational capabilities but also its ability to navigate complex jurisdictional environments.

From a strategic perspective, the agreement strengthens Global Atomic's position in the European nuclear fuel market, which is experiencing renewed growth amid the continent's energy crisis and shifting attitudes toward nuclear power. Several European countries, including France, Poland, and the Czech Republic, have announced plans to build new nuclear reactors or extend the life of existing ones, potentially creating additional opportunities for long-term supply agreements.

The structure of the agreement aligns with Global Atomic's broader marketing strategy, which focuses on building a balanced portfolio of contracts that provide revenue security while maintaining exposure to future market opportunities. As the company's fourth such agreement, it contributes to a growing base of contracted production that underwrites project economics while preserving significant flexibility to capture value from expected stronger future market conditions.

This European partnership also carries broader implications for project financing, as demonstrated offtake agreements with credible utility counterparties typically strengthen a company's position in discussions with potential project financiers. The willingness of a major European utility to commit to a long-term supply agreement provides additional validation of both the project's technical merits and Global Atomic's commercial credibility.

Moreover, the geographical proximity of Niger to European markets presents logistical advantages, potentially offering more efficient transportation routes compared to other major uranium-producing regions. This strategic location could become increasingly important as utilities focus more attention on supply chain security and transportation costs in their procurement strategies.

Market Position & Production Outlook

The Dasa Project, based on the 2024 Feasibility Study, boasts a substantial 23-year mine plan with expected production of 68.1 million pounds of U3O8. With the latest agreement representing the fourth such arrangement, Global Atomic has strategically positioned itself with approximately 12.5% of its defined uranium production under contract, effectively covering project construction costs while maintaining flexibility for future agreements.

Expanding Market Opportunities

In addition to the European agreement, Global Atomic has recently responded to a request for proposal from a major American utility. The proposal encompasses the supply of 700,000 pounds of U3O8 over a five-year period beginning in 2028, highlighting the company's active pursuit of diverse market opportunities and its strategic approach to building a balanced contract portfolio.

Operational Progress

The company's development timeline remains on track, with the processing plant commissioning scheduled for Q1 2026. This follows the successful "First Blast Ceremony" at the Dasa site in November 2022, marking a crucial milestone in the mine's development. Beyond Dasa, Global Atomic has identified three additional uranium deposits in Niger, presenting potential for future expansion.

The Investment Thesis for Global Atomic

• Unique dual revenue model combining uranium development with cash-flowing zinc recycling operations
• Premier asset in Dasa Project - one of world's largest and highest-grade uranium deposits with 23-year mine life
• Strong commercial position with four offtake agreements covering 12.5% of production and construction costs
• Strategic market timing with production starting 2026 during period of tightening uranium supply
• De-risked development with construction underway and processing plant commissioning scheduled Q1 2026
• Solid financial position through contracted revenue and cash-flowing zinc operations
• Proven management execution in securing agreements and advancing project development
• Strategic geographic position for European market access with recent utility partnership validation
• Clear path to production with fully permitted status and defined development timeline
• Balanced contract portfolio allowing both revenue security and uranium price exposure

This latest development underscores Global Atomic's continued progress in transitioning from a development-stage company to a significant uranium producer. The securing of another major offtake agreement, coupled with potential additional contracts under discussion, strengthens the company's market position and project financing capabilities. The combination of covered construction costs, operational progress at Dasa, and a strong backdrop of tightening uranium supply dynamics positions Global Atomic favorably in the evolving nuclear fuel market. The company's diversified business model, high-grade uranium assets, and strategic market approach present a unique value proposition in the uranium sector, particularly as global demand for nuclear fuel continues to grow amid increasing focus on clean energy sources.