TORONTO, July 27, 2020 /PRNewswire/ -- Global Atomic
Corporation ("Global Atomic" or the "Company"; TSX: GLO;
Frankfurt: G12; OTCQX: GLATF)
announced today that Stephen G.
Roman, President & CEO, will present live at
VirtualInvestorConferences.com on Friday,
July 31st.
DATE: Friday, July 31st TIME:
11:00 a.m. (ET)
LINK: https://www.tinyurl.com/073020MiningVIC
This will be a live, interactive online event where investors
are invited to ask the company questions in real–time. If attendees
are not able to join the event live on the day of the conference,
an archived webcast will also be made available after the
event.
It is recommended that investors pre–register and run the online
system check to expedite participation and receive event
updates.
The presentation will focus on the Company's high–grade Dasa
uranium mine development project in Niger and the BST zinc recycling operation in
Turkey.
Highlights include:
DASA
- The highest–grade uranium project in Africa Ø @ $35/lb, May 2020
PEA estimated a 26.6% after–tax rate of return
- Low capital cost and short construction period, with first U3O8
expected in early 2024 Ø Niger has
continuously produced uranium since 1971, has excellent
infrastructure and short permitting timelines as uranium is a key
export
- The supply and demand outlook for uranium remains positive
- A proven management team of mine builders with uranium
expertise
BST
- Cash flow from the zinc recycling to support Company
operations
- Zinc plant operated by the Company's joint–venture partner and
industry leader; Befesa Zinc S.A.U.
- The feedstock for the plant is electric arc furnace dust (EAFD)
– a virtually perpetual supply from Turkey's steel mills
Learn more about the event at
www.virtualinvestorconferences.com.
About Global Atomic
Global Atomic Corporation (www.globalatomiccorp.com) is a TSX
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. The Company plans to submit its Phase 1
Development Plan to the Ministry of Mines in the Republic of
Niger together with a Mining
Permit application in Q3 2020. 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.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary
investor conference series that provides an interactive forum for
publicly–traded companies to meet and present directly with
investors. A real–time solution for investor engagement, Virtual
Investor Conferences is part of OTC Market Group's suite of
investor relations services specifically designed for more
efficient Investor Access. Replicating the look and feel of on–site
investor conferences, Virtual Investor Conferences combine
leading–edge conferencing and investor communications capabilities
with a comprehensive global investor audience network.
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 Atomics'
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", "is expected",
"estimates", 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.
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SOURCE VirtualInvestorConferences.com
