Global Atomic Appoints HCF as Financial Adviser

 Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today the appointment of HCF International Advisers Limited ("HCF") as its adviser to assist in the raising of debt financing for the development of the Dasa Uranium Project in the Republic of Niger .

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

Stephen G. Roman , President & CEO of Global Atomic, commented, " Global Atomic is making great strides in moving the Dasa Project closer to production.  We have expanded the exploration camp to include accommodations for construction personnel, are finalizing the box cut and portal design for the underground ramp, are ordering mining equipment and continuing discussions with utilities regarding off-take agreements for our future yellowcake production.   With the Feasibility Study due for completion at the end of next quarter, it is an appropriate time to accelerate our engagement on project financing. We are very pleased to appoint HCF as our financial adviser given their extensive experience with Africa , mining and, specifically, uranium projects.  Their reputation and connections with global  financiers are second to none.  HCF will enable Global Atomic to arrange financing solutions that keep equity dilution to a minimum, a goal I share as the company's founder and largest shareholder."

HCF is a leading independent corporate finance advisory boutique based in London, UK with a primary focus on the mining and metals sector and a strong history of securing funding for projects in Africa . HCF provides strategic and financial advice to companies across the complete life cycle of a project on securing funding to bring projects through to operations.  HCF is comprised of professionals who have extensive financing and technical experience as well as expertise in the funding of uranium projects.

Established in 2003, HCF has developed a reputation for successfully executing transactions in emerging markets across commodities, with a deep understanding of political risk mitigation. Notably, HCF has recently advised Kinross on their US$300m financing in Mauritania , Ivanhoe Mines on the US$211m equipment financing facility for the Kamoa-Kakula Copper Project in the DRC as well as High Power Exploration, which is currently developing the Nimba Iron Ore Project in Guinea.

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, highgrade 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. Final design in support of the Company's Feasibility Study is on-going.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a new, state of the art 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 and Asia .

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: https://www.newswire.ca/en/releases/archive/May2021/19/c4643.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Nuclear reactors and a stock chart.

US Plans to Triple Nuclear Power Capacity by 2050

The Biden administration has announced a strategic roadmap to significantly expand the United States' nuclear energy capacity, setting a target to triple capacity by 2050.

In a new 9-pillar framework, the Biden-Harris administration has laid out its plans to add 200 gigawatts (GW) of new nuclear energy through new reactor builds, reactivations and upgrades to existing facilities.

The initiative seeks to meet a growing demand for reliable, carbon-free power as the nation transitions away from fossil fuels and toward cleaner energy sources.

Keep reading...Show less

Foremost Clean Energy Provides Update for Rescheduled December AGSM

Shareholders are Encouraged to Vote in Favour of the Arrangement Resolution to Spin-Out the Winston Group of Gold & Silver Properties at the Shareholder Meeting to be now held on December 20, 2024

Foremost Clean Energy Ltd. ( NASDAQ: FMST ) ( CSE: FAT ) (" Foremost " or the " Company "), an emerging North American uranium and lithium exploration company, today announces that it has filed its notice of meeting of shareholders, management information circular dated November 12, 2024 (the " Circular ") and related documents (the " Meeting Materials ") with the applicable Canadian securities regulatory authorities in connection with its rescheduled 2024 Annual General and Special Meeting of Shareholders (the " Meeting "). The Meeting will now take place at 10:00 a.m. (Vancouver time) on Friday, December 20, 2024, at the offices of Stikeman Elliott LLP, Suite 1700, 666 Burrard Street, Vancouver, BC.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Denison to File Early Warning Report in Respect of Foremost Clean Energy Ltd.

Denison 70 Logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. (" Denison " or the " Company ") (TSX: DML; NYSE American: DNN) congratulates Foremost Clean Energy Ltd. (" Foremost ") (NASDAQ:FMST) (CSE:FAT) on the completion of its $10,500,250 private placement of units on November 14, 2024 (the " Offering ").  The Offering provides Foremost with significant funding to support its objective of exploring a portfolio of Saskatchewan uranium exploration properties pursuant to an option agreement entered into with Denison on September 23, 2024 (the " Option Agreement "). Denison participated in the Offering and will be filing an early warning report pursuant to National Instrument 62-103 in respect of the change in holdings in Foremost. View PDF version .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
AuKing Mining (ASX:AKN)

Non-Compliance with ASX Listing Rule 7.1

AuKing Mining Limited (“AuKing” or “the Company”) advises that the Company has become aware of an inadvertent breach of ASX Listing Rule 7.1 which occurred in respect of the agreement to issue of 21,428,571 shares as part of the Grand Codroy uranium/copper project acquisition.

Keep reading...Show less
  Boss Energy

Production and Revenue Growth at Alta Mesa Uranium Project, Texas

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) advises that enCore Energy Corp (NASDAQ:EU|TSXV: EU) (enCore) has published a financial and operational update.

Keep reading...Show less

Foremost Clean Energy Announces Closing of Brokered Private Placement for Gross Proceeds of C$10.5 Million Including Full Exercise of Over Allotment

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Foremost Clean Energy Ltd. ( NASDAQ: FMST ) ( CSE: FAT ) (" Foremost " or the " Company "), an emerging North American uranium and lithium exploration company, is pleased to announce that it has completed its previously announced best efforts private placement (the " Offering ") for aggregate gross proceeds of C$10,500,250, which includes the full exercise of the agent's option. Under the Offering, the Company issued 1,473,000 units of the Company (the " Units ") at a price of C$3.00 per Unit (the " Unit Price "), 1,022,500 flow-through units of the Company (the " FT Units ") at a price of C$3.50 per FT Unit, and 550,000 FT Units sold to charitable purchasers (the " Charity FT Units ", and together with the Units and FT Units, the " Offered Securities ") at a price of C$4.55 per Charity FT Unit.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×