Global Atomic Strengthens Operational Management Team
20 Février 2020 - 1:00PM
Global Atomic Corporation (“Global Atomic” or the “Company”; TSX:
GLO; Frankfurt: G12; OTCQX: GLATF) is pleased to announce the
appointment of Ronald S. Halas, P.Eng., as Chief Operating Officer
effective March 30, 2020.
Mr. Halas has over 30 years of diverse
experience including open pit and underground mining in both base
and precious metals. He has worked with major mining
companies including Kinross, IAMGOLD, Vale, PT Freeport Indonesia,
Placer Dome, and Cominco. His extensive experience in mine
feasibility, development, and operations has been gained in Canada,
Indonesia, New Caledonia, Suriname, Brazil, and Mauritania.
Mr. Halas gained experience in the management of
Technical Studies while working as the Chief Operating Officer at
Spanish Mountain Gold and as Vice President Commercial, South
America at IAMGOLD. In Ron’s latest role as Operations
Director at Kinross Gold’s Tasiast Mine in Mauritania, several
records were achieved in 2019 in terms of safety, metal production,
and cost reduction.
With Ron’s experience in plant site start-up at
Goro Nickel, government and stakeholder negotiations in Suriname,
his West African experience in Mauritania and Ghana with Kinross
Gold, Ron is well qualified to advance Global Atomic’s DASA project
in Niger.
Mr. Halas has a Bachelor of Engineering degree
from McGill University and a Graduate Diploma in Business
Administration from Simon Fraser University.
“We are excited to have Ron join the Global
Atomic team,” said Stephen G. Roman, President and CEO of Global
Atomic. “Ron has extensive experience working in West Africa
and will be a valuable asset to the Company as we complete the Dasa
Project Feasibility Study and move ahead with project
development.”
About Global Atomic
Global Atomic Corporation is a TSX listed
company that provides 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 feasibility studies and an EIS prior to applying for a
Mining Permit in Q4, 2020.
Global Atomic’s Base Metals Division holds a 49%
interest in the 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 Asia.
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
Turkey.
Key contacts: |
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Stephen G. RomanChairman, President & CEOTel: +1 (416)
368-3949Email: sgr@globalatomiccorp.com |
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Merlin Marr-JohnsonExecutive VPTel: +44 7803 712 280 Email:
mmj@globalatomiccorp.com |
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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.
The Toronto Stock Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.
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