Energy

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

News Provided by Canada Newswire via QuoteMedia

UEX Announces Amended Arrangement Agreement with Uranium Energy Corp.

(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - August 5, 2022 UEX Corporation (TSX:UEX ) ( OTC:UEXCF) (" UEX " or the " Company ") is pleased to announce that it has entered into an amendment (the " Amended UEC Agreement ") to the arrangement agreement dated June 13, 2022, as amended June 23, 2022 among Uranium Energy Corp. (" UEC "), UEC 2022 Acquisition Corp. (the " Purchaser ") and UEX (the " UEC Agreement "). Pursuant to the Amended UEC Agreement, the Purchaser, a wholly-owned subsidiary of UEC, will acquire all of the issued and outstanding common shares of UEX (the " UEX Shares ") pursuant to a statutory plan of arrangement under the Canada Business Corporations Act and in return UEX shareholders (" UEX Shareholders ") will receive, for each UEX Share held, 0.0890 of one share of UEC (" UEC Shares ") as consideration (the " UEC Arrangement ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Denison Reports Financial and Operational Results for Q2 2022, Including Uranium Sales from Production at $74.65 per lb U3O8

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the quarter ended June 30, 2022 . Both documents will be available on the Company's website at www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.govedgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. PDF Version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
nuclear reactors

VIDEO — Lobo Tiggre: My Shopping List is Ready and Uranium Stocks are at the Top

Lobo Tiggreyoutu.be

The US Federal Reserve was in focus last week as it hiked interest rates by 75 basis points.

Speaking to the Investing News Network, Lobo Tiggre, editor and founder of IndependentSpeculator.com, said a critical takeaway is that the pace of increases looks set to slow from hereon out.

In a press conference after the central bank's meeting, Chair Jerome Powell said the Fed wants to end the year with rates at 3 to 3.5 percent, not far from the current 2.25 to 2.5 percent.

Keep reading...Show less

Denison Achieves Key Milestone with Completion of Metallurgical Test Work to Define Phoenix Process Plant Components and Confirmation of Ability to Produce Yellowcake

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce the substantial completion of extensive metallurgical test work to define the mechanical components for the planned Phoenix processing plant (the "Phoenix Plant"), as part of the Feasibility Study ("FS") underway for the Company's 95% owned Wheeler River project ("Wheeler River" or the "Project").  In addition, the metallurgical program has confirmed the ability to produce a yellowcake product that meets industry standard ASTM C967-13 specifications (see below for details). View PDF Version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Ur-Energy Releases 2022 Q2 Results

Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (the "Company" or "Ur-Energy") has filed the Company's Form 10-Q for the quarter ended June 30, 2022, with the U.S. Securities and Exchange Commission at www.sec.govedgar.shtml and with Canadian securities authorities at www.sedar.com

Ur-Energy CEO, John Cash said, "2022 has been an exciting year for Ur-Energy thus far with several, recent notable developments. We have maintained a strong cash position as we continue to build-out header house 2-4 and its associated mine production unit, which will ultimately accelerate our ability to ramp up to full production when market conditions warrant. Initial field testing of our patented well installation technology has been successful and will continue into August when we expect to seek final agency approval if testing is completed successfully.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
stock chart rising, person points to the top of the arrow

Top 3 ASX Uranium Stocks of 2022

Uranium has broken out, with prices hitting their highest level in over a decade in mid-April. The sector's supply/demand dynamics are complex, but a key driver is the global desire to move toward cleaner energy.

Although the uranium market's turnaround has taken time, experts are predicting a bright future, and some ASX-listed companies focused on the commodity have been making gains.

Below the Investing News Network has listed the top uranium stocks on the ASX by year-to-date gains. Data for this top uranium stocks list was gathered using TradingView's stock screener on May 28, 2022, and all companies included had market caps above AU$50 million at the time.

Keep reading...Show less

Latest Press Releases

Related News

×