Energy

Global Changes Spur Migration to Geopolitically Stable Uranium Producers

An Emerging Markets Sponsored Commentary

A short time ago we published an Emerging Markets Report regarding uranium developer Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), which holds diversified uranium assets strategically positioned in the United States and Australia.

We posited at that time that because of the conflict in Ukraine that Laramide might be well-positioned. Here's an excerpt from the report :

"We believe a major change is now imminent and it could be more important for American producers and exploration companies than imagined. Investors in U.S.-based Uranium exploration companies like Laramide- which has three prospective American Uranium mines - should be monitoring the news to see how a new bill from the Biden administration could change the landscape for U.S. based Uranium production." For the record, the status of each Laramide asset varies so please visit the linked-to page to see where they are on the path to production.

On August 16, 2022, President Joe Biden signed the bill into law , creating a catalyst for the domestic uranium market.

Immediately, pundits and investors renewed their interest in domestic production.

This story, in particular, stands out. Here's the headline and a link to the column :

"The United States Must Produce More Uranium"

The article makes clear arguments for U.S. production, efficiently noting the risks to top uranium producer Kazakhstan, the reduction of production in Germany, and more. It's worth a read if you're looking at this market or equities tethered to uranium.

All this is very good news for Laramide Resources which has for some time held uranium properties in the United States and Australia. A simple survey of its website confirms as much.

Time will tell as always but Laramide Resources, with uranium assets both domestic and down under, might be in the right place at the right time to receive the benefits of a departure from Russian related uranium production.

About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

For more informative reports such as this, please sign up at https://emergingmarketsconsulting.com/

Must Read OTC Markets/SEC policy on stock promotion and investor protection

Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.

EMC has been paid $100,000 by Laramide Resources Ltd. for various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial. https://emergingmarketsconsulting.com/disclaimer/

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Global Atomic Corporation (CNW Group/Global Atomic Corporation)

President and CEO of Global Atomic, Stephen Roman , commented, " The cash from these warrants form part of our equity contribution for the funding of the Dasa Project. Equity contributions on the Project Financing Package will also include our 2022 capital expenditures at Dasa and will include the expected cash contributions from our Turkish Zinc JV as well as the potential exercise of additional warrants that expire in June 2023.  We expect the debt portion of Dasa Project funding to conclude in Q1,2023, contingent upon the successful completion of our banking syndicate's due diligence work, which is currently underway. "

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 Atomic's 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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