Energy

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

Fission Uranium Corp. ("Fission" or the "Company") is pleased to announce that President and CEO, Ross McElroy, will present at the Red Cloud Conference "Uranium: Fueling the Path Towards Electrification", which will take place virtually on May 13, 2021 .

Fission Logo (CNW Group/Fission Uranium Corp.)

Mr. McElroy will provide an overview of Fission's current activity as a developer, together with next steps for the Company's advanced, high-grade and near surface uranium project in Saskatchewan .

Fission Presentation

  • Date : May 13, 2021
  • Time : 2:20pm ET
  • Spokesperson : Ross McElroy, President and CEO

Investors interested in attending the Fission Uranium webcast at the event can register here.

https://www.redcloudfs.com/uraniumconference2021/

About Fission Uranium
Fission Uranium Corp. is a Canadian based resource company specializing in the development of the Patterson Lake South uranium property - host to the class-leading Triple R uranium deposit. The Company is headquartered in Kelowna, British Columbia . Fission's common shares are listed on the Toronto Stock Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

ON BEHALF OF THE BOARD
" Ross McElroy "

Ross McElroy, Chief Executive Officer

SOURCE Fission Uranium Corp.

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four nuclear reactors

VIDEO — Lobo Tiggre: Uranium is My Highest-Confidence Thesis for 2022

Lobo Tiggre: Uranium is My Highest-Confidence Thesis for 2022youtu.be

The uranium sector was abuzz earlier this month with the news that the Biden administration is looking for US$4.3 billion to support enrichment in the country. But what does that really mean for the industry?

Speaking to the Investing News Network at the Prospectors & Developers Association of Canada (PDAC) convention, Lobo Tiggre said the news is material, but emphasized that it's still early days.

"The first point to keep in mind here is that just because somebody says, 'Oh, this is a good idea, we should do it, here's this proposal' — that doesn't mean it's passed," said Tiggre, who is the editor and founder of IndependentSpeculator.com. "I don't think there's even legislation introduced yet, let alone what comes out of the sausage factory in Washington, DC, at the end of the day."

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Global Atomic Provides Annual Meeting Access Details

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) will webcast its Annual General & Special  Meeting of Shareholders ("AGSM") on Thursday, June 23, 2022 at 10:30 a.m. ( Toronto time).

Global Atomic Corporation (CNW Group/Global Atomic Corporation)

Again this year, the AGSM will be held in a virtual-only format via a live audio webcast at https://virtual-meetings.tsxtrust.com/1117 .

Registered shareholders and duly appointed proxyholders who participate in the AGSM online will be able to listen to the proceedings, ask questions and vote at the AGSM in real time.  Shareholders will not be able to physically attend the AGSM.

Please see "Attending, Participating and Voting at the Virtual Meeting" in the Management Information Circlular for detailed instructions on how to attend, participate and vote at the AGSM.

The Management Information Circular and related meeting materials are available on the Company's website at https://globalatomiccorp.com/investors/events/event-details/2022/Annual-General--Special-Meeting-of-Shareholders/default.aspx as well as under the Company's SEDAR profile at www.sedar.com .

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production.  The Phase 1 Feasibility Study for Dasa was filed in December 2021 and estimates Yellowcake production to commence by the end of 2024.  Mine excavation began in Q1 2022.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Turkey . The plant recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.   Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and  phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.   Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE Global Atomic Corporation

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Global Atomic Forms Dasa Project Financing Syndicate

Global Atomic Corporation ("Global Atomic" or the "Company") is pleased to announce that the Company has now received Letters of Intent from a banking syndicate to finance the Dasa Uranium Project in Niger.  The syndicate is comprised of North American financial institutions and includes the previously announced indication from Export Development Canada.  The names of all members of the syndicate will be named following further due diligence and board approvals by the financial institutions, which are expected to occur by the end of 2022.

Global Atomic Corporation logo (CNW Group/Global Atomic Corporation)

Global Atomic President and CEO, Stephen G. Roman commented, "This significant milestone keeps us on schedule to complete our Dasa Project financing by the end of 2022 and to begin plant construction in Q1 2023.  By taking this step, the syndicate has indicated its confidence in the quality of the Dasa deposit and in management's capability and commitment to execute the Phase 1 plan as outlined in our 2021 Feasibility Study.  Today's announcement combined with the acceptance of the Company's initial off-take sale offer announced on June 15, 2022 , and the construction activity ongoing at site, are proof that Global Atomic is well underway towards achieving our goal of delivering yellowcake to utilities in early 2025."

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production.  The Phase 1 Feasibility Study for Dasa was filed in December 2021 and estimates Yellowcake production to commence by the end of 2024.  Mine excavation began in Q1 2022.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Turkey . The plant recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.   Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and  phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.   Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE Global Atomic Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/20/c7408.html

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businessmen shaking hands

5 Top Weekly TSX Performers: UEX Jumps on UEC Acquisition News

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trading at 19,170.04 early last Friday (June 17) morning, but ultimately closed the period lower at 18,931.16.

Last week, the index fell to its lowest level in more than two years as concerns over a recession and interest rate hikes increased. Speaking with the Investing News Network at this year’s Prospectors and Developers Association of Canada convention, Brien Lundin, editor of Gold Newsletter, said a recession is likely.

“Right now you can buy solid companies with real resources, some with economics on them, some even in development,” he said when asked about potential opportunities in the market. “If the market just normalizes, those stocks will be trading at three to four times the levels they are today.”

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Elevate Uranium

Elevate Uranium Investor Presentation 2022

Elevate Uranium Limited (ASX:EL8, OTCQX: ELVUF) is pleased to present the company's investor presentation as of June 2022.

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OTCQX Best 50 Virtual Investor Conference: Now Available for On-Demand Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the June 16 th OTCQX Best 50 Virtual Investor Conference are now available for on-demand viewing.

REGISTER NOW OR LOGIN AT: https://bit.ly/39ueG8g

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.

News Provided by GlobeNewswire via QuoteMedia

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