TORONTO, Sept. 12,
2023 /CNW/ - Global Atomic Corporation ("Global
Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT:
G12) is pleased to announce that the Company has been included on
the Toronto Stock Exchange ("TSX") rankings for the 30 best stock
price performances over the last three years. The TSX30,
established in 2019, is an annual ranking of the 30 top-performing
stocks over a three-year period ending June
30, 2023, based on share price appreciation.
Global Atomic President and CEO, Stephen
G. Roman commented "We are very proud of our Team and the
work we have done to advance the Dasa Project since its discovery
in 2010. Receiving this acknowledgement from the Toronto Stock
Exchange and being included in the TSX30 is a major recognition of
all the hard work our Team has accomplished over the past 3 years
advancing this world class asset. While more recent share price
performance has reflected the uncertainty about the outcome of
political issues in Niger, the
fundamentals of the Dasa Project continue to improve as we
advance our production milestones. We are confident the Dasa
Mine will soon become the highest-grade and lowest-cost uranium
mine in Africa. We thank all
shareholders who have supported us over the last three years and
continued to do so during these recent events."
About Global Atomic
Global Atomic Corporation (https://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 delivery to utilities to
commence in 2025. 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, 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.
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