Highlights:
- Dasa trade-off studies completed during 2019 have led to the compilation of an optimized Preliminary Economic Assessment (“PEA”), by
CSA Global Pty. Ltd. , incorporating the high valueFlank Zone with a Phase 1 mining plan to be completed in Q1, 2020 - The optimized PEA will form the basis of an NI 43-101, Final Technical Report, to be submitted to the Government of
Niger in Q4, 2020, in support of the application for the Dasa mining permit - The 2020 work program currently underway includes further metallurgical test work, an Environmental Impact Statement (“EIS”), and hydrogeological studies for inclusion in the Final Technical Report
- Improved zinc prices and steady-state production achieved at the new BST plant in
Turkey
Mr.
Furthermore, we are pleased at the performance of the new BST plant in
The Dasa project field work is progressing well on a number of fronts.
In
METC Engineering of
BST Joint Venture, Iskenderun,
The newly completed Electric Arc Furnace Dust (“EAFD”) reprocessing facility has had a successful commissioning and ramp up and training of personnel continues. The plant is running on a steady-state basis and final production numbers for the fourth quarter will be released in March, 2020 with the 2019 Audited Financial Statements.
The Turkish steel industry is currently running at 70% capacity which is sufficient to supply adequate EAFD feedstock to the recyclers in
Other news
Global Atomic will be presenting at the Arlington Predaba and the
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Technical information related to the
About Global Atomic
The Company’s Uranium Division includes six exploration permits in the
Global Atomic’s Base Metals Division holds a 49% interest in the
The new BST Joint Venture plant is expected to double annual production of zinc from 30 million lbs to 60 million lbs supported by EAFD supply currently available for processing in
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Tel: +1 (416) 368-3949 | Tel: +44 7803 712 280 |
Email: sgr@globalatomiccorp.com | Email: mmj@globalatomiccorp.com |
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 operating, development and exploration assets; Global Atomic’s ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; costs 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" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements 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 as of the date such statements are made. Although management of Global Atomic has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 on forward-looking statements. Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Global Atomic’s annual and interim MD&As.
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