GoviEx Reports Positive Gold Drilling Results at Falea Project, Mali

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the "Company") is pleased to announce positive gold assay results following the completion of its air-core drilling program on the Madini exploration license ("Madini"), which is part of the Company's Falea Uranium Project.

International Drilling Company ("IDC"), from Senegal, conducted a 142-hole (6,354 metres) air-core drilling program to test the gold potential associated predominantly with soil anomalies, on Madini. The holes were sited, based on the previously reported soils and termite gold anomalies, and have been drilled to a maximum depth of 60 metres.

The assay results highlight some very remarkable intercepts, which warrant follow-up exploration. The best intercept reported was 3.98 g/t Au over 2 metres, and there were a number of interesting continuous lengths of lower grades that intercept from section to section. These intercepts appear to define a NNW-SSE trend, within the regionally defined Siribaya-Bambadinka trend. The results from all assays from the drilling programme have been received and validated.

"The results of this initial early-stage exploration gold program have come back with some compelling and positive assay results, which are exciting as they correlate well to the gold-in-soil and VTEM geophysical anomalies. These preliminary results are very encouraging and certainly warrant further exploration, particularly given the evidence that this ties into a larger regional system that hosts a tier one gold trend," noted Govind Friedland, Executive Chairman.

Figure 1: Drillhole location map over SRTM elevation and gridded soils geochemistry results

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5017/87065_7060e58cc4665b1a_001full.jpg

Closer analysis of VTEM data collected in 2011, but recently inverted by Intrepid Geophysics, shows that the anomalous gold grades from the drilling are closely associated with a conductive structure (See Figure 2). This seems to indicate an apparent structure associated with potential wrench faulting. These are known to host tensional gashes that often host gold mineralisation.

Figure 2: VTEM channels 12 and 17 (near surface) showing conductive body associated with anomalous gold

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5017/87065_goviex2.jpg

Hole ID	From	To	Width_m	Grade Au_ppm
MAC21003	46	48	2	0.54
MAC21005	54	60	6	1.09
MAC21006	32	34	2	1.22
MAC21025	20	32	12	0.51
MAC21025	38	40	2	0.67
MAC21026	12	22	10	0.57
MAC21050	18	20	2	0.9
MAC21052	50	52	2	0.5
MAC21056	46	48	2	1.99
MAC21070	32	34	2	1.02
MAC21071	8	10	2	0.86
MAC21074	52	54	2	0.58
MAC21101	16	18	2	1.05
FAC21004	8	10	2	3.98

Table 1: Summary of gold intercept above 0.5ppm cut off

Qualified Person Statement

The technical content of this press release has been reviewed and approved by Mr. Jerome Randabel, MAIG, Chief Geologist of GoviEx, a Qualified Person as defined in NI 43-101.

Technical Notes

Usual sample collection was carried out at the drill rig. A sample was collected at every two metres drilled and was split down to 2.5kg sample. These were assigned unique sample numbers and sent as batch to ALS process laboratory in Bamako, which will then be then sent to Ouagadougou, for assay.

For QAQC purposes Standard Samples - 2 different ones, Blanks and Duplicates were inserted every 20 samples. Any anomalous results were queried with the lab.

The samples were assayed using ALS method AU-AA26 using gold by Fire Assay and AAS finish. The laboratory ran blanks and standard samples to validate the results.

Hole ID	East	North	RL_m	Azimuth	Dip	Depth_m
MAC21-001	257699	1363420	245	270	-50	50
MAC21-002	257667	1363429	247	270	-50	60
MAC21-003	257630	1363426	246	270	-50	60
MAC21-004	257587	1363425	246	270	-50	42
MAC21-005	257557	1363425	249	270	-50	60
MAC21-006	257521	1363425	248	270	-50	50
MAC21-007	257493	1363426	252	270	-50	50
MAC21-008	257461	1363429	252	270	-50	50
MAC21-009	257421	1363426	250	270	-50	50
MAC21-010	257390	1363425	255	270	-50	50
MAC21-011	257359	1363427	255	270	-58	60
MAC21-012	257330	1363426	249	270	-60	50
MAC21-013	257308	1363426	247	270	-52	50
MAC21-014	257277	1363426	243	270	-50	50
MAC21-015	257245	1363427	240	270	-50	50
MAC21-016	257850	1363999	227	270	-50	60
MAC21-017	257806	1363995	227	270	-50	50
MAC21-018	257777	1363997	230	270	-50	60
MAC21-019	257738	1364000	232	270	-50	54
MAC21-020	257701	1363999	234	270	-50	50
MAC21-021	257671	1364001	230	270	-50	54
MAC21-022	257638	1363998	232	270	-50	50
MAC21-023	257604	1364000	233	270	-50	54
MAC21-024	257574	1363995	230	270	-50	60
MAC21-025	258375	1364099	216	270	-50	42
MAC21-026	258339	1364100	217	270	-50	50
MAC21-027	258309	1364101	215	270	-50	39
MAC21-028	258287	1364100	213	270	-50	48
MAC21-029	258256	1364101	215	270	-50	42
MAC21-030	258233	1364098	214	270	-50	48
MAC21-031	258200	1364103	218	270	-50	60
MAC21-032	258163	1364095	217	270	-50	60
MAC21-033	258125	1364098	215	270	-50	59
MAC21-034	258949	1362603	237	270	-50	42
MAC21-035	258917	1362602	235	270	-50	26
MAC21-036	258899	1362605	232	270	-50	54
MAC21-037	258865	1362603	228	270	-50	54
MAC21-038	258830	1362603	227	270	-50	54
MAC21-039	258801	1362602	228	270	-50	47
MAC21-040	258767	1362601	230	270	-50	48
MAC21-041	258736	1362602	230	270	-50	36
MAC21-042	258708	1362591	228	270	-50	54
MAC21-043	258676	1362600	228	270	-50	48
MAC21-044	258657	1362603	229	270	-50	48
MAC21-045	258615	1362599	227	270	-50	36
MAC21-046	258593	1362602	226	270	-50	48
MAC21-047	258564	1362600	229	270	-50	54
MAC21-048	258528	1362597	231	270	-50	22
MAC21-049	258503	1362603	231	270	-50	56
MAC21-050	258469	1362602	231	270	-50	40
MAC21-051	258441	1362604	233	270	-50	18
MAC21-052	258428	1362603	233	270	-50	54
MAC21-053	258393	1362601	231	270	-50	54
MAC21-054	258356	1362596	231	270	-50	42
MAC21-055	258323	1362603	228	270	-50	48
MAC21-056	258293	1362599	230	270	-50	59
MAC21-057	258542	1362151	241	270	-50	60
MAC21-058	258504	1362151	242	270	-50	55
MAC21-059	258466	1362155	245	270	-50	34
MAC21-060	258448	1362147	244	270	-50	38
MAC21-061	258421	1362155	245	270	-50	34
MAC21-062	258395	1362151	245	270	-50	26
MAC21-063	258373	1362150	243	270	-50	22
MAC21-064	258361	1362152	242	270	-50	24
MAC21-065	258343	1362147	242	270	-50	25
MAC21-066	258332	1362151	243	270	-50	20
MAC21-067	258316	1362148	244	270	-50	23
MAC21-068	258299	1362150	243	270	-50	18
MAC21-069	258275	1362148	242	270	-50	23
MAC21-070	258260	1362149	241	270	-50	36
MAC21-071	258238	1362154	242	270	-50	42
MAC21-072	259186	1362150	234	270	-50	48
MAC21-073	259150	1362147	226	270	-50	60
MAC21-074	259114	1362152	226	270	-50	54
MAC21-075	259077	1362156	231	270	-50	54
MAC21-076	259039	1362152	231	270	-50	60
MAC21-077	259004	1362153	229	270	-50	42
MAC21-078	259798	1361749	214	270	-50	48
MAC21-079	259767	1361755	214	270	-50	54
MAC21-080	259733	1361754	215	270	-50	48
MAC21-081	259701	1361751	218	270	-50	54
MAC21-082	259601	1361751	226	270	-50	54
MAC21-083	259567	1361750	231	270	-50	60
MAC21-084	259526	1361752	229	270	-50	54
MAC21-085	259488	1361756	231	270	-50	60
MAC21-086	259448	1361750	232	270	-50	54
MAC21-087	259412	1361755	231	270	-50	60
MAC21-088	259377	1361757	236	270	-50	48
MAC21-089	259340	1361740	236	270	-50	60
MAC21-090	259305	1361752	236	270	-50	48
MAC21-091	259272	1361751	235	270	-50	60
MAC21-092	259522	1360200	228	270	-50	40
MAC21-093	259498	1360195	232	270	-50	30
MAC21-094	259465	1360196	233	270	-50	30
MAC21-095	259440	1360213	233	270	-50	30
MAC21-096	259428	1360200	234	270	-50	30
MAC21-097	259409	1360201	234	270	-50	30
MAC21-098	259383	1360204	236	270	-50	30
MAC21-099	259365	1360204	234	270	-50	36
MAC21-100	259325	1360203	235	270	-50	36
MAC21-101	259302	1360202	233	270	-50	32
MAC21-102	259272	1360201	233	270	-50	32
MAC21-103	259248	1360203	235	270	-50	34
MAC21-104	259229	1360202	238	270	-50	36
MAC21-105	259195	1360202	239	270	-50	35
MAC21-106	259174	1360206	238	270	-50	42
MAC21-107	259145	1360204	240	270	-50	32
MAC21-108	259119	1360202	242	270	-50	60
MAC21-109	259084	1360193	246	270	-50	54
MAC21-110	259043	1360200	248	270	-50	60
MAC21-111	259007	1360202	247	270	-50	60
MAC21-112	258968	1360206	247	270	-50	60
MAC21-113	258925	1360198	252	270	-50	60
MAC21-114	258887	1360209	249	270	-50	57
MAC21-115	258848	1360202	254	270	-50	60
MAC21-116	258806	1360201	255	270	-50	60
MAC21-117	258772	1360199	256	270	-50	60
MAC21-118	258731	1360202	254	270	-50	60
MAC21-119	258693	1360206	253	270	-50	60
MAC21-120	258255	1362602	232	270	-50	48
MAC21-121	258369	1364096	214	90	-50	55
MAC21-122	258367	1364103	216	270	-50	60
MAC21-123	258331	1364103	215	270	-50	54
MAC21-124	257744	1362607	232	270	-50	14
MAC21-125	257726	1362597	230	270	-50	18
MAC21-126	257694	1362605	234	270	-50	26
MAC21-127	257675	1362597	234	270	-50	16
MAC21-128	257646	1362603	234	270	-50	54
MAC21-129	257607	1362603	236	270	-50	54
MAC21-130	257568	1362602	237	270	-50	48
MAC21-131	257540	1362607	240	270	-50	54
FAC21-001	256504	1359002	298	270	-50	60
FAC21-002	256458	1359001	305	270	-50	18
FAC21-003	256136	1359438	312	270	-50	15
FAC21-004	256110	1359438	313	270	-50	14
FAC21-005	256839	1362904	244	270	-50	41
FAC21-006	256814	1362900	243	270	-50	40
FAC21-007	256789	1362901	244	270	-50	37
FAC21-008	256762	1362901	243	270	-50	16
FAC21-009	256734	1362902	245	270	-50	14
FAC21-010	249172	1363900	237	270	-50	11
FAC21-011	249134	1363901	240	270	-50	17

Table 2: Drillhole collars

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

About GoviEx Uranium

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Information Contacts

Govind Friedland, Executive Chairman
Daniel Major, Chief Executive Officer
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking statements include those related to any plans for the further exploration of Madini; intercepts appearing to define a NNW-SSE trend; and indications of structure associated with potential wrench faulting.

Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for the Falea Uranium Project; (ii) that projected low capital expenditures for the Falea Uranium Project will remain unchanged or improve; (iii) that the Company will be able to follow up on the positive results of the gold drill program with additional exploration; (iv) that the Company will be able to complete its planned CSR work as planned and (v) that the price of uranium will remain sufficiently high and the costs of advancing the Company's projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.

Factors that could cause actual results to differ materially from expectations include (i) the inability of the Company to complete follow-up exploration work on Madini; (ii) potential delays due to COVID-19 restrictions; (iii) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (iv) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (v) an increase in the Company's operating costs above what is necessary to sustain its operations; (vi) accidents, labour disputes, or the materialization of similar risks; (vii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (viii) generally, the Company's inability to develop and implement a successful business plan for any reason.

In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2020, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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Laramide Releases Final Results from 2024 Drill Campaign at Westmoreland; Updated Resource Estimate on Track for Q1 Delivery

Highlights:

Laramide's largest program ever with 106 holes completed
Multiple targets tested including infill and extensional drilling of known zones and greenfield targets in both Queensland and the Northern Territory
Consistent observation from results demonstrates the potential and scope for broad mineralisation styles enveloping narrow high-grade intercepts
The consistency and scalability underscore economic viability and reinforce Westmoreland's position as a potentially important future source of global uranium supply
Resource expansion potential is largely wide open with many follow-up targets warranting large-scale future exploration campaigns

Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant projects in the United States Australia and Kazakhstan is pleased to report a summary of the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ). The 2024 drill program has concluded with successful results confirming the high-quality of the Westmoreland uranium deposit and supporting a Global Mineral Resource Estimate Update expected by the end of Q1 2025.

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Cameco Announces 2024 Results; Strong Performance Across All Segments; Westinghouse Distribution; Strategy Centered on Marketing, Production, Financial Discipline Expected to Generate Full-Cycle Value; Positive Outlook for Nuclear Energy

Cameco( TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2024, in accordance with International Financial Reporting Standards (IFRS).

�Our 2024 full-year financial performance benefitted from strong fourth quarter results delivered by our uranium and Westinghouse segments," said Tim Gitzel, Cameco's president and CEO. "Although both net earnings and adjusted net earnings in 2024 were lower than in 2023 primarily due to the impact of purchase accounting related to the Westinghouse acquisition, our other key financial metrics improved significantly. We expect our strong financial performance to continue in 2025, driven by the supportive market conditions we are seeing throughout the fuel cycle and across the nuclear sector, and through the continued benefits flowing from our investment in Westinghouse. Over the coming year, we expect to continue investing to help ensure reliability and sustainability of our existing operations, while positioning ourselves for future production flexibility and growth growth that will be strategic, deliberate, disciplined, and with a focus on generating full-cycle value.

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Global Atomic Provides Corporate Update

Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to provide an update on recent activities at the Company and the Dasa Uranium Project in the Republic of Niger .

NIGER UPDATE

At the African Mining Indaba Conference held in Cape Town last week, the Company held several important meetings with Niger's Mines Minister Abarchi, who was present at the largest mining conference in Africa , promoting his Country to attract potential investors interested in the mining sector. The Minister emphasized the Government's strong support for Global Atomic and the Dasa Project, and confirmed his government has no intention to nationalize the Dasa Project.

In various meetings attended by Minister Abarchi at the Conference, he stated that Niger welcomes and encourages investment by foreign mining companies specifically including those from Canada , the United States and Australia. Further, at the end of last week the Niger government announced plans to hold a major conference in mid-February to establish a process that will govern the transition to a democratic election.

The Company held additional meetings in Cape Town , including with new groups interested in financing the Dasa Project, as well as suppliers and contractors who are currently working with Global Atomic and SOMIDA.

PROJECT DEVELOPMENT

The advancement of the Dasa underground has progressed on the first two levels along the footwall of the ore body. Five-meter diameter ventilation raises have been completed and commissioned enabling continued underground development while maintaining safe working conditions and efficiency.

Plant construction is proceeding on schedule with earthworks nearing completion and civil works underway and the concrete batch plant now under construction. Large pieces of processing equipment such as the SAG mill shell, crusher and acid plant are now on site. The camp that will house the plant construction crew is well underway with a large percentage of housing now ready for occupation.

FINANCING

Since the inauguration of President Trump in the United States of America , the market reaction has been that debt funding for the Dasa Project is unlikely to come from the USA . However, these discussions continue as well as the advancement of the Joint Venture final documentation. It is important to remember that the Company has entered into off-take agreements for 8.8 million pounds U ₃ O ₈ over the first 7 years of the Mine; 90% of which has been sold to US utilities. As a result of the many successful meetings at the Indaba Conference, new parties have indicated a willingness to participate in the final funding solution for Dasa. Management is confident that these initiatives will continue to progress, and we reiterate our belief that prior to the end of Q1, 2025, further clarity can be shared with the market.

Stephen Roman , President & CEO of Global Atomic, stated, " By advancing the development of the mine, processing plant and infrastructure, we have significantly moved the Dasa Project closer to production while continuously adding to the intrinsic value of the Dasa Project. This is the basis of appraisal for all our financing discussions and not the current value of our shares."

A recent video of our progress in Niger is available at https://www.youtube.com/watch?v=ITl8r104-MA .

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 is currently developing the fully permitted, large, high grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The "First Blast Ceremony" occurred on November 5, 2022 , and commissioning of the processing plant is scheduled for Q1, 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can be advanced with further assessment work.

Global Atomic's Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a modern zinc recycling plant, located in Iskenderun, Türkiye. 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) 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 .

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/12/c0271.html

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Global Atomic Provides Corporate Update

Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to provide an update on recent activities at the Company and the Dasa Uranium Project in the Republic of Niger .

NIGER UPDATE

At the African Mining Indaba Conference held in Cape Town last week, the Company held several important meetings with Niger's Mines Minister Abarchi, who was present at the largest mining conference in Africa , promoting his Country to attract potential investors interested in the mining sector. The Minister emphasized the Government's strong support for Global Atomic and the Dasa Project, and confirmed his government has no intention to nationalize the Dasa Project.

In various meetings attended by Minister Abarchi at the Conference, he stated that Niger welcomes and encourages investment by foreign mining companies specifically including those from Canada , the United States and Australia. Further, at the end of last week the Niger government announced plans to hold a major conference in mid-February to establish a process that will govern the transition to a democratic election.

The Company held additional meetings in Cape Town , including with new groups interested in financing the Dasa Project, as well as suppliers and contractors who are currently working with Global Atomic and SOMIDA.

PROJECT DEVELOPMENT

The advancement of the Dasa underground has progressed on the first two levels along the footwall of the ore body. Five-meter diameter ventilation raises have been completed and commissioned enabling continued underground development while maintaining safe working conditions and efficiency.

Plant construction is proceeding on schedule with earthworks nearing completion and civil works underway and the concrete batch plant now under construction. Large pieces of processing equipment such as the SAG mill shell, crusher and acid plant are now on site. The camp that will house the plant construction crew is well underway with a large percentage of housing now ready for occupation.

FINANCING

Since the inauguration of President Trump in the United States of America , the market reaction has been that debt funding for the Dasa Project is unlikely to come from the USA . However, these discussions continue as well as the advancement of the Joint Venture final documentation. It is important to remember that the Company has entered into off-take agreements for 8.8 million pounds U ₃ O ₈ over the first 7 years of the Mine; 90% of which has been sold to US utilities. As a result of the many successful meetings at the Indaba Conference, new parties have indicated a willingness to participate in the final funding solution for Dasa. Management is confident that these initiatives will continue to progress, and we reiterate our belief that prior to the end of Q1, 2025, further clarity can be shared with the market.

Stephen Roman , President & CEO of Global Atomic, stated, " By advancing the development of the mine, processing plant and infrastructure, we have significantly moved the Dasa Project closer to production while continuously adding to the intrinsic value of the Dasa Project. This is the basis of appraisal for all our financing discussions and not the current value of our shares."

A recent video of our progress in Niger is available at https://www.youtube.com/watch?v=ITl8r104-MA .

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 is currently developing the fully permitted, large, high grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The "First Blast Ceremony" occurred on November 5, 2022 , and commissioning of the processing plant is scheduled for Q1, 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can be advanced with further assessment work.

Global Atomic's Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a modern zinc recycling plant, located in Iskenderun, Türkiye. 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) 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 .

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

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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Table 1: Drill Collar Details
Prospect	Hole ID	GDA_Easting	GDA_Northing	RL (m)	Depth (m)	Grid Azi	Dip	Hole type	Drilling started	Drilling completed
AMPHITHEATRE	AMD008	209879	8074908	93	241.6	90	-60	DD	01/07/2024	09/07/2024
AMPHITHEATRE	AMD009	209928	8074816	90	202.9	270	-80	DD	10/07/2024	15/07/2024
AMPHITHEATRE	AMD010	209954	8074725	90	203.4	90	-60	DD	15/07/2024	26/07/2024
AMPHITHEATRE	AMD011	209958	8074620	99	200.3	90	-60	DD	26/07/2024	02/08/2024
AMPHITHEATRE	AMD012	209928	8074820	90	84.5	90	-55	DD	03/08/2024	05/08/2024
AMPHITHEATRE	AMD013	209700	8074902	94	150.55	90	-50	DD	29/10/2024	31/10/2024
AMPHITHEATRE	AMD014	209906	8075341	68	125.65	80	-50	DD	01/11/2024	02/11/2024
AMPHITHEATRE	AMD015	209428	8075270	67	125.65	94	-50	DD	02/11/2024	04/11/2024
JUNNAGUNNA	JG24DD001	197607	8066711	78	158.05	135	-50	DD	02/10/2024	05/10/2024
JUNNAGUNNA	JG24DD002	197299	8066964	77	98.6	139	-50	DD	03/10/2024	05/10/2024
JUNNAGUNNA	JG24DD003	197120	8067186	77	104.6	135	-50	DD	06/10/2024	13/10/2024
JUNNAGUNNA	JG24DD004	196897	8066059	78	114.4	135	-55	DD	08/10/2024	11/10/2024
JUNNAGUNNA	JG24DD005	196932	8066142	78	117.5	135	-55	DD	12/10/2024	14/10/2024
JUNNAGUNNA	JG24DD006	196946	8066019	78	120.1	135	-55	DD	13/10/2024	16/10/2024
JUNNAGUNNA	JG24DD007	196977	8066091	80	114.3	131	-55	DD	15/10/2024	18/10/2024
JUNNAGUNNA	JG24DD008	197030	8066051	81	120.7	135	-55	DD	19/10/2024	21/10/2024
JUNNAGUNNA	JG24DD009	197127	8066101	78	131.7	135	-55	DD	18/10/2024	20/10/2024
JUNNAGUNNA	JG24DD010	197019	8066195	78	120.1	135	-55	DD	17/10/2024	18/10/2024
JUNNAGUNNA	JG24DD011	197089	8065993	79	126.4	135	-55	DD	22/10/2024	25/10/2024
JUNNAGUNNA	JG24RC001	196986	8065965	77	114	317	-75	RC	01/09/2024	01/10/2024
SOUTHERN COMFORT	SC24DD001*	817207	8058777	112	101.65	140	-60	DD	23/10/2024	24/10/2024
SOUTHERN COMFORT	SC24DD002*	816005	8058560	119	201.9	144	-55	DD	24/10/2024	27/10/2024
* drill collar co-ordinates are in GDA94 Zone 53

Table 2: Significant intercepts >100ppm U ₃ O ₈
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	Au g/t
JG24DD001	38	39.3	1.3	303.05	0.01
JG24DD002	No Significant Intercepts
JG24DD003	16	17	1	137.97	0.03
JG24DD003	50	51	1	153.30	0.01
JG24DD004	26	34	8	325.61	0.01
including	28	29	1	1297.12	0.01
JG24DD005	24.25	28	3.75	491.22	0.01
JG24DD006	35	36	1	127.94	0.01
JG24DD006	41	44	3	1192.17	0.01
including	43	44	1	2606.03	0.01
JG24DD007	20	22	2	136.79	0.01
JG24DD007	25	28	3	1773.91	0.05
including	27	28	1	4610.67	0.12
JG24DD008	42	43	1	265.32	0.01
JG24DD008	65	66	1	707.52	0.01
JG24DD008	69	73	4	255.13	0.01
JG24DD008	77	78	1	449.81	0.01
JG24DD008	89	95	6	394.93	0.01
JG24DD009	30	32	2	392.67	0.03
JG24DD009	53	54	1	136.79	0.01
JG24DD010	32	42	10	693.90	0.01
including	33	35	2	2617.82	0.01
JG24DD010	45	46	1	103.42	0.01
JG24DD010	78	80	2	3177.94	0.01
JG24DD011	No Significant Intercepts
JG24RC001	No Significant Intercepts
AMD013	4	5	1	126.17	0.01
AMD013	47	52	5	152.31	0.01
AMD013	85	90	5	148.08	0.01
AMD013	103	104	1	159.19	0.01
AMD013	112	115	3	853.74	0.15
including	114	115	1	1450.42	0.38
AMD014	19	21	2	153.00	0.02
AMD014	37	38	1	101.76	0.005
AMD014	48	50	2	143.57	0.055
AMD014	66	68	2	209.90	0.005
AMD014	75	77	2	234.07	0.055
AMD014	80	82	2	267.68	0.02
AMD014	87	88	1	103.42	0.005
AMD014	93	94	1	110.49	0.005
AMD014	103	104	1	108.13	0
AMD014	118	119	1	114.85	0.005
AMD015	32	33	1	237.02	0.01
AMD015	71	72	1	172.16	0.01
AMD015	109	111	2	122.99	0.03
AMD015	118	119	1	212.85	0.02
SC24DD001	No Significant Intercepts
SC24DD002	20.4	23	2.6	280.76	0.11
* Included intercepts are above >1000 ppm U ₃ O ₈ ^# *intercept is above >1% U ₃ O ₈*

Table 3: Significant intercepts >0.1 g/t Au
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	Au g/t
JG24DD005	57	60	3	14.66	0.13
JG24DD005	103	104.35	1.35	4.60	0.30
JG24DD007	27	28	1	4610.67	0.12
JG24DD007	85	88	3	1.38	0.37
including	86	87	1	1.42	0.73
JG24DD007	91	92	1	1.30	0.40
JG24DD008	117	118	1	13.56	0.20
JG24DD011	9	10	1	2.36	0.19
SC24DD002	22.1	23	0.9	217.56	0.19
AMD013	97	98	1	49.05	0.11
AMD013	114	115	1	1450.42	0.38
AMD015	85	86	1	8.73	0.27
* Included intercepts are above >0.5g/t Au; with intercepts above >1g/t Au

Table 4: Significant intercepts >200 ppm V
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	V ₂ O ₅ ppm
SC24DD001	0	9	9	34.28	437.02
including	4	5	1	3.89	578.40
And	8	9	1	260.04	1082.19
SC24DD002	0	22.1	22.1	30.26	373.51
including	14	15	1	2.59	526.63
and	20.4	20.8	0.4	346.68	1238.93
* Included intercepts are above >500 ppm V ₂ O ₅

	THREE MONTHS ENDED		YEAR ENDED
CONSOLIDATED HIGHLIGHTS	DECEMBER 31		DECEMBER 31
($ MILLIONS EXCEPT WHERE INDICATED)	2024	2023	2024	2023
Revenue	1,183	844	3,136	2,588
Gross profit	250	133	783	562
Net earnings attributable to equity holders	135	80	172	361
$ per common share (basic)	0.31	0.18	0.40	0.83
$ per common share (diluted)	0.31	0.18	0.39	0.83
Adjusted net earnings (non-IFRS) ¹	157	108	292	383
$ per common share (adjusted and diluted)	0.36	0.25	0.67	0.88
Adjusted EBITDA (non-IFRS)	524	336	1,531	884
Cash provided by operations	530	201	905	688

CHANGES IN EARNINGS		THREE MONTHS ENDED				YEAR ENDED
($ MILLIONS)		DECEMBER 31				DECEMBER 31
		IFRS		ADJUSTED		IFRS		ADJUSTED
Net earnings - 2023		80		108		361		383
Change in gross profit by segment
(we calculate gross profit by deducting from revenue the cost of products and services sold, and depreciation and amortization (D&A), net of hedging benefits)
Uranium	Impact from sales volume changes	29		29		22		22
	Higher realized prices ($US)	107		107		390		390
	Foreign exchange impact on realized prices	11		11		26		26
	Higher costs	(30	)	(30	)	(203	)	(203	)
	change – uranium	117		117		235		235
Fuel services	Impact from sales volume changes	-		-		2		2
	Higher realized prices ($Cdn)	13		13		27		27
	Higher costs	(16	)	(16	)	(47	)	(47	)
	change – fuel services	(3	)	(3	)	(18	)	(18	)
Other changes
Higher administration expenditures		(18	)	(18	)	(7	)	(7	)
Higher exploration expenditures		(7	)	(7	)	(17	)	(17	)
Change in reclamation provisions		70		7		30		(3	)
Change in gains on derivatives		(198	)	(6	)	(221	)	(10	)
Change in unrealized foreign exchange gains or losses		50		(5	)	50		(6	)
Change in earnings from equity-accounted investees		10		(32	)	(165	)	(122	)
Change in share-based compensation		-		5		-		(19	)
Lower finance income		(16	)	(16	)	(91	)	(91	)
Higher finance costs		16		16		(31	)	(31	)
Change in income tax recovery or expense		29		(14	)	41		(7	)
Other		5		5		5		5
Net earnings - 2024		135		157		172		292

			FUEL
($ MILLIONS)	URANIUM ¹		SERVICES	WESTINGHOUSE		OTHER		TOTAL
Net earnings (loss) attributable to equity holders	904		108	(218	)	(622	)	172
Depreciation and amortization	239		37	-		5		281
Finance income	-		-	-		(21	)	(21	)
Finance costs	-		-	-		147		147
Income taxes	-		-	-		85		85
	1,143		145	(218	)	(406	)	664
Adjustments on equity investees
Depreciation and amortization	23		-	357		-		380
Finance income	(1	)	-	(4	)	-		(5	)
Finance expense	-		-	225		-		225
Income taxes	58		-	(61	)	-		(3	)
Net adjustments on equity investees	80		-	517		-		597

EBITDA	1,223		145	299		(406	)	1,261
Gain on derivatives	-		-	-		152		152
Other operating income	(35	)	-	-		-		(35	)
Share-based compensation	-		-	-		44		44
Unrealized foreign exchange gains	-		-	-		(66	)	(66	)
	(35	)	-	-		130		95
Adjustments on equity investees
Inventory purchase accounting	-		-	71		-		71
Acquisition-related transition costs	-		-	29		-		29
Other expenses	-		-	78		-		78
Foreign exchange gains	(9	)	-	2		-		(7	)
Net adjustments on equity investees	(9	)	-	184		-		175

Adjusted EBITDA	1,179		145	483		(276	)	1,531

		$USD
CAMECO SHARE (49%)		MILLIONS
Net loss		(20-70)
Depreciation and amortization		260-275
Finance income		(1-2)
Finance costs		120-135
Income tax expense (recovery)		5-(10)
EBITDA		320-370
Inventory purchase accounting		1-5
Restructuring costs		15-30
Other expenses		10-25
Adjusted EBITDA		355-405

MCARTHUR RIVER/KEY LAKE					CIGAR LAKE
Greg Murdock, general manager, McArthur River, Cameco					Kirk Lamont, general manager, Cigar Lake, Cameco
Daley McIntyre, general manager, Key Lake, Cameco
INKAI
Sergey Ivanov, deputy director general, technical services, Cameco Kazakhstan LLP

		THREE MONTHS ENDED				YEAR ENDED
			DECEMBER 31			DECEMBER 31
HIGHLIGHTS			2024	2023	CHANGE	2024	2023	CHANGE
Uranium	Production volume (million lbs)		6.1	5.7	7%	23.4	17.6	33%
	Sales volume (million lbs)		12.8	9.8	30%	33.6	32.0	5%
	Average realized price ¹	($US/lb)	58.45	52.35	12%	58.34	49.76	17%
		($Cdn/lb)	80.90	71.65	13%	79.70	67.31	18%
	Revenue ($ millions)		1,035	700	48%	2,677	2,153	24%
	Gross profit ($ millions)		213	96	>100%	681	445	53%
	Earnings before income taxes		289	122	>100%	904	606	49%
	Adjusted EBITDA ²		391	231	70%	1,179	835	41%
Fuel services	Production volume (million kgU)		3.6	3.7	(3)%	13.5	13.3	2%
	Sales volume (million kgU)		4.2	4.2	-	12.1	12.0	1%
	Average realized price ³	($Cdn/kgU)	35.41	32.19	10%	37.87	35.61	6%
	Revenue ($ millions)		148	134	10%	459	426	8%
	Earnings before income taxes		37	40	(8)%	108	129	(16)%
	Adjusted EBITDA ²		49	51	(4)%	145	164	(12)%
	Adjusted EBITDA margin (%) ²		33	38	(13)%	32	38	(16)%
Westinghouse	Revenue		841	521	61%	2,892	521	>100%
(our share)	Net earnings (loss)		9	(24)	>(100%)	(218)	(24)	>100%
	Adjusted EBITDA ²		162	101	60%	483	101	>100%

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