Interview with Stephen G. Roman, President & CEO of Global Atomic Corp.
Our previous interview: www.cruxinvestor.com/posts/gl...
Recording date: 22nd December 2023
Global Atomic stands out as the most advanced uranium development story, uniquely positioned to capitalize on rising uranium prices. The company is rapidly advancing its Dasa Project in Niger towards a targeted production start in Q4 2025.
With uranium prices currently around $90/lb compared to Dasa's feasibility study cost assumptions of just $35/lb, the project promises extremely attractive profit margins as an low-cost operation.
Global Atomic is a Canadian development and exploration company focused primarily on bringing its flagship Dasa uranium Project into commercial production. The company also owns a cash-flowing zinc recycling operation in Turkey that provides important diversification.
In addition to Dasa, Global Atomic controls several other uranium exploration projects in Niger that offer future upside potential. However, Dasa remains the clear centerpiece in the company’s efforts to emerge as a new uranium producer amid an increasingly bullish market environment.
Dasa is a large, high-grade uranium deposit discovered by Global Atomic in 2010 located in the Republic of Niger. The company began key site infrastructure work on Dasa this year, overcoming temporary delays following a coup in Niger. Development activities restarting in December aim to have first uranium production in late 2025.
In the next couple of years, as Dasa advances towards production, Global Atomic has several major catalysts that could drive substantial value growth for investors:
Updated Dasa mining plan in Q1 2024 expanding resources and economics; continued exploration drilling to further increase reserves; construction progress driving derisking of operations; advancing project financing arrangements; and ultimately first U3O8 production in Q4 2025.
Dasa promises to strongly leverage strengthening uranium prices given its projected low operating costs and high-grade resource in a proven mining jurisdiction. Global Atomic estimates each $10 rise in uranium increases the project NPV by over $140 million.
With encouraging safety infrastructure now in place underpinned by broad local support, Global Atomic appears to have effectively managed recent stability risks. As it goes about executing on-time/on-budget towards production, Dasa could drive rapid cash flow growth just as the uranium bull market accelerates. This presents a very compelling investment case for speculators.
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View Global Atomic's company profile: www.cruxinvestor.com/companie...
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