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Global Atomic Corporation announced that the Company has submitted the Mining Permit Application for its Dasa Uranium Project in Niger, as planned.<\/p>\n
Global Atomic in Niger and History of the Dasa Project:<\/strong><\/p>\n Stephen Roman, President and CEO for Global Atomic commented, “<\/em>COVID-19 <\/em>has thrown many challenges at <\/em>everyone<\/em> in 2020, forcing us <\/em>all <\/em>to work virtually<\/em> and deal with disruption in many parts of our lives<\/em>. <\/em>In the face of these challenges, t<\/em>he Company has made considerable progress on the Dasa Project<\/em> this year<\/em>. We <\/em>recently <\/em>completed a Development and Operating Plan<\/em>,<\/em> an Environmental Impact Statement, as well as<\/em> a<\/em> Hydrogeological<\/em> stud<\/em>y<\/em>,<\/em> all of which are key components of our Mining Permit Application<\/em>.”<\/em><\/p>\n QP Statement<\/strong> About Global Atomic 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. The Company is moving the Dasa Project ahead rapidly, having recently completed the key milestone of submitting the mining permit application to the Niger government.<\/p>\n Global Atomics’ Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (“BST”) Joint Venture, which operates a new, state of the art processing facility, 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 and Asia.<\/p>\n Key contacts:<\/strong><\/p>\n\n
The scientific and technical disclosures in this news release have been reviewed and approved by Ronald S. Halas, P.Eng. and George A. Flach, P.Geo. who are “qualified persons” under National Instrument 43-101 – Standards of Disclosure for Mineral Properties.<\/p>\n
<\/strong>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.<\/p>\n