Global Atomic Announces Results of Annual and Special Meeting
26 Juin 2019 - 11:30PM
Global Atomic Corporation (“Global Atomic” or the “Company”),
(TSX-V: GLO) is pleased to announce the results of its Annual and
Special Meeting of Shareholders (the “Meeting”), held on June 26,
2019. At the Meeting, shareholders elected Stephen G. Roman,
Paul D. Cronin, Richard Faucher, George A. Flach, Derek C. Rance
and Asier Zarraonandia Ayo to serve as Directors of Global Atomic
and to take office immediately following the Meeting. The table
below sets out the voting results.
Director |
Votes For |
Votes Withheld |
Stephen G. Roman |
81,629,357 (98.44%) |
1,293,757 (1.56%) |
Paul D. Cronin |
82,535,171 (99.532%) |
387,943 (0.468%) |
Richard Faucher |
82,542,571 (99.541%) |
380,543 (0.459%) |
George A. Flach |
81,621,722 (98.431%) |
1,301,392 (1.569%) |
Derek C. Rance |
82,542,571 (99.541%) |
380,543 (0.459%) |
Asier Zarraonandia Ayo |
81,621,722 (98.431%) |
1,301,392 (1.569%) |
Shareholders also approved the re-appointment of
Price Waterhouse Coopers LLP, Chartered Professional Accountants as
auditors of the Company and the renewal of the Company’s evergreen
stock option plan.
About Global Atomic
Global Atomic Corporation is a TSX listed
company providing a unique combination of high-grade uranium
development and cash flowing zinc concentrate production.
The Company’s Uranium Division includes six
exploration permits in the Republic of Niger covering an area of
approximately 750 km2. Uranium mineralization has been
identified on each of the permits, with the most significant
discovery being the DASA deposit situated on the Adrar Emoles III
concession, discovered in 2010 by Global Atomic geologists through
grassroots field exploration. The DASA deposit is currently
undergoing a feasibility program to study a number of operating
scenarios, including the option to ship mineralized material to
Orano Mining’s operations in Arlit under an MOU signed with Orano
in July, 2017.
Global Atomics’ Base Metals Division holds a 49%
interest in Befesa Silvermet Turkey, S.L. (“BST”) joint venture,
which operates a processing facility, located in Iskenderun,
Turkey, that converts Electric Arc Furnace Dust (“EAFD”) into 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,
capturing approximately 50% of the European EAFD market with
facilities located throughout Europe and Korea.
BST is well underway with an expansion project
to significantly modernize and expand its processing plant in
Turkey. The expansion is targeted to double annual production
of zinc from 30 million lbs to 60 million lbs and is supported by
EAFD supply currently available for processing in Turkey. The
new plant is scheduled for completion by September 2019.
Key contacts:
Stephen G.
Roman |
Merlin
Marr-Johnson |
Chairman, President & CEO |
Executive VP |
Tel: +1 (416) 368-3949 |
Tel: +44 7803 712 280 |
Email: sgr@globalatomiccorp.com |
Email: mmj@globalatomiccorp.com |
Global Atomic (TSX:GLO)
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