TORONTO, June 23,
2022 /CNW/ - Global Atomic Corporation ("Global
Atomic" or the "Company") (TSX: GLO) (Frankfurt: G12) (OTCQX:
GLATF) today announced shareholder voting results from the Annual
General & Special Meeting of Shareholders held June 23, 2022.
Directors were elected to the Board as per the voting results in
the table below:
|
Director
Nominee
|
For
|
%
|
Withheld
|
%
|
|
Tracey J.
Arlaud
|
59,482,315
|
99.88
|
67,276
|
0.11
|
|
Asier Zarraonandia
Ayo
|
59,468,413
|
99.86
|
81,178
|
0.14
|
|
Dean R.
Chambers
|
59,255,675
|
99.51
|
293,916
|
0.49
|
|
Richard R.
Faucher
|
59,255,374
|
99.51
|
294,217
|
0.49
|
|
Fergus P.
Kerr
|
59,482,956
|
99.89
|
66,635
|
0.11
|
|
Derek C.
Rance
|
51,330,878
|
86.20
|
8,218,713
|
13.80
|
|
Stephen G.
Roman
|
59,495,315
|
99.91
|
54,276
|
0.09
|
Shareholders also approved the re-appointment of
PricewaterhouseCoopers LLP as Auditors of the Company and all
unallocated entitlements under the Company's Stock Option Plan for
the period ended June 23, 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 Atomic's
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", "targets", "expects",
"does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", "does not
anticipate", or "believes" or variations of such words and
phrases or statements that certain actions, events or results
"could", "would", "might", "will be taken", "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