Global Atomic's Inclusion in the TSX30 and the Investment Opportunity

About Global Atomic

Global Atomic is a Canadian-based company focused on developing its flagship Dasa uranium project in Niger, Africa while also generating cash flow from its minority stake in a zinc production facility in Turkey. The company was founded in 2005 and is headquartered in Toronto, Canada.

Global Atomic's Uranium Division is focused on advancing the high-grade Dasa uranium project, which was discovered by the company's geologists in 2010. Dasa is now fully permitted for commercial production. The project is expected to be one of the highest-grade and lowest-cost uranium mines in Africa once production commences.

The company's Base Metals Division holds a 49% stake in the Befesa Silvermet Turkey zinc production joint venture. This modern facility recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc concentrate sold to smelters globally. Global Atomic's joint venture partner Befesa operates the facility and holds a 51% interest.

Recognized as a Top Performing Stock

Global Atomic was recently included in the TSX30, a ranking of the 30 top-performing stocks on the Toronto Stock Exchange over a three-year period. The company's inclusion recognizes its strong share price appreciation over the past three years, driven by continued progress at its Dasa uranium project and a strengthening uranium market.

Being named to the TSX30 highlights Global Atomic's standout performance relative to its Canadian listed peers. This recognition as a top performing stock can help raise the company's profile among institutional and retail investors.

Growth Drivers: Advancing Dasa and Benefiting from Rising Uranium Prices

Global Atomic is poised to benefit from several key trends driving growth in the uranium market. These include rising demand for nuclear power, dwindling global uranium supplies, and renewed interest in nuclear as a clean energy source.

The company is advancing its Dasa project to take advantage of the coming uranium supply deficit. Dasa is expected to be a low-cost, high-grade uranium mine, with initial production targeted for 2025. The project can deliver yellowcake to utilities quickly thanks to its advanced permitting status.

Global Atomic is also positioned to benefit from rising uranium prices once headwinds from the Niger political situation resolve. However, the recent coup has created short-term disruptions to operations.

Border closures and logistics issues related to the coup have temporarily halted uranium production at Dasa. However, management expects normalized operations within 6-12 months as democratic elections are held.

Political Uncertainties Create Short-Term Headwinds

The coup in Niger has created short-term disruptions for Global Atomic's Dasa project. Border closures have impacted shipping routes, while uranium production is temporarily halted.

However, management has direct communications with Niger's transitional government, which remains supportive of the project. Key milestones like project financing and development work underground are progressing despite the uncertainty.

While final resolution may take months, Global Atomic can continue value-adding work at Dasa. The company is focused on conservation of cash during this transitional period.

Progress at Flagship Dasa Uranium Project

Despite recent political unrest in Niger following a coup in July, Global Atomic has made strong progress at its flagship Dasa uranium project. Some key highlights include:

• Receiving the official Dasa Mining Permit and Environmental Compliance Certificate from the Republic of Niger in 2022, providing full permits for commercial production
• Completing a Feasibility Study in 2021 showing Dasa will be a low-cost, high-grade operation with attractive economics
• Starting mine excavation at Dasa in early 2022, an important step in advancing the project
• Outlining a multi-staged development plan for Dasa, with Phase 1 production estimated to begin in 2025
• Continuing exploration drilling to expand resources and confirm additional mineralization around the project area

This progress demonstrates Global Atomic's ability to successfully advance Dasa towards production just as uranium market fundamentals are turning more positive. The company expects to make Dasa one of the premier uranium mines globally based on its grade, cost profile and scalability.

Cash Flow from Base Metals Division

In addition to its uranium assets, Global Atomic generates cash flow from its 49% stake in the Befesa Silvermet Turkey zinc production joint venture. This provides crucial diversification and financial stability.

Key points regarding the Base Metals Division:

• Modern zinc production plant located in Turkey processing Electric Arc Furnace Dust (EAFD)
• Joint venture with Befesa, a global leader in EAFD recycling with a 51% project interest
• Produces high-grade zinc concentrate sold to zinc smelters around the world
• Provides steady cash flow as Global Atomic advances its uranium projects
• Zinc business is profitable even during depressed zinc price environments

This base metals business is an important earnings driver for Global Atomic. It also provides technical expertise in project development that aids the company in advancing Dasa.

Strong Leadership Guiding Strategy

Global Atomic is led by President, CEO and Chairman Stephen Roman, a mining industry veteran. The rest of the management team and board also boast extensive mining expertise.

This experienced leadership gives investors confidence the company can successfully execute its strategic plan and capitalize on improving uranium market conditions.

The team has a proven track record discovering and developing deposits, raising capital, and achieving operational milestones. Global Atomic's accomplishments at Dasa so far demonstrate the strength of its management and technical team.

Financial Position

The company has a solid financial position to fund its strategic objectives. Key highlights include:

• Strong working capital position of $35.4 millionas of Q2 2023
• Steady cash flow generated from the zinc business
• Ability to raise funds from shareholders and capital markets when needed
• No debt on the balance sheet provides flexibility

Global Atomic's current cash balance along with future cash flows, equity raises, and project debt financing should fully fund development of Dasa. This provides investors confidence the company can financially support bringing Dasa into production amidst an improving uranium price environment.

Investment Thesis

For investors interested in the uranium sector, Global Atomic provides a compelling opportunity to gain exposure to an emerging producer. As Dasa comes online, the company should benefit from rising uranium prices over the next several years.

Global Atomic's zinc business also gives investors diversified exposure to the zinc market along with a source of steady cash flow. The company's experienced management team provides additional confidence it can successfully execute the development timeline for Dasa.

With a strengthened financial position and full permits in hand, Global Atomic has positioned itself well to take advantage of the pending uranium bull market. For investors bullish on nuclear power and uranium supply/demand fundamentals, Global Atomic offers an attractive investment case within the uranium sector.

The company represents a high-upside opportunity if uranium prices continue strengthening as many analysts predict. Global Atomic's combination of appealing uranium assets, cash flowing zinc operations, strong management, and solid financial position make it an emerging leader in both the uranium and zinc markets worth consideration.