Global Atomic Fuels Corporation and New AREVA sign Agreement on DASA Project

Global Atomic Fuels (“Global Atomic” or “the Company”), a private Ontario corporation, is pleased to announce it has signed a Memorandum of Understanding (“MoU”) with New AREVA (“AREVA”, via AREVA Mines SA), covering a number of key areas of cooperation, relating to Global Atomics’ high-grade DASA uranium project in the Republic of Niger.
Highlights:

• An Ore Sales Agreement to be negotiated between Global Atomic and New AREVA for the delivery of a minimum of 100,000 tonnes of ore per annum from the Company’s wholly-owned DASA project to AREVA’s processing facilities in Arlit, for an initial term of five years;
• Use of New AREVA’s metallurgical and assay lab facilities in France;
• Coordination of logistics to advance the development of the DASA project; and
• Mutual assistance and cooperation between both companies and their respective operations in Niger.

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