TORONTO, Dec. 2, 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 Tuesday,
December 8th.
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DATE:
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Tuesday, December
8th
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TIME:
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12:30 p.m.
(ET)
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LINK:
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https://bit.ly/3f2vL7P
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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.
The presentation will focus on the Company's high-grade Dasa
Uranium Project development in the Republic of Niger,
West Africa, as well as the BST
Zinc operation in Turkey. Highlights include:
DASA
- The highest-grade uranium project currently being developed in
Africa
- Assuming a uranium price of $35/lb, the May
2020 PEA calculated a 26.6% after-tax rate of return
- Low capital cost and short construction period, with first
U3O8 production expected in early 2024
- Niger has continuously
produced uranium since 1971, has excellent infrastructure and short
permitting timelines as uranium is a key export
- Positive supply and demand outlook for uranium
- A proven management team of mine builders with uranium
expertise
BST
- Cash flow from electric arc furnace dust ("EAFD") recycling to
produce a high grade zinc concentrate to support Company
operations
- Zinc plant operated by the Company's JV partner and industry
leader; Befesa Zinc S.A.U.
- The feedstock for the zinc plant is EAFD - a by-product of
Turkish electric arc steel mills
- The expansion and modernization of the plant completed in 2019
provide leverage to zinc prices
It is recommended that investors pre-register and run the online
system check to expedite participation and receive event
updates. Learn more about the event at
www.virtualinvestorconferences.com.
About Global Atomic
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.
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 anticipating the imminent
granting of a Mining Permit, having recently completed the key
milestone of submitting the mining permit application to the
Niger government.
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.
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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 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.
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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.
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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