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Global Atomic Concludes Negotiations with the Government of Niger, forms Dasa Project Operating Company and appoints Board of Directors and Senior Management
Global Atomic Concludes Negotiations with the Government of Niger, forms Dasa Project Ope...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Global Atomic Concludes Negotiations with the Government of Niger, forms Dasa Project Operating Company and appoints Board of Directors and Senior Management\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 11, 2022\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\"), (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12), is pleased to announce the incorporation of Société Minière DASA S.A. or \"SOMIDA\", the Company's\n \n Niger\n \n mining subsidiary under which the Dasa Uranium Project will operate. SOMIDA will be governed by a Board of Directors comprised of six representatives from the Company and three representatives of the Government of\n \n Niger\n \n .\n \n \n \n \n \n \n \n \n \n \n HIGHLIGHTS:\n \n \n \n \n Share ownership of SOMIDA will be 80% Global Atomic and 20% Government of\n \n Niger\n \n , including the 10% carried interest provided under the Niger Mining Code\n \n \n The Niger Government will own 20% of the shares of SOMIDA and receive dividend income when paid\n \n \n The Niger Government is obligated to contribute 10% of all capital and operating costs over the life of the mine\n \n \n Moussa Souley, the former Managing Director of Orano's COMINAK Mine, has been appointed Managing Director of SOMIDA\n \n \n \n Robert Parr\n \n , Mining Engineer, MBA, has been appointed Project Manager for Dasa\n \n \n \n \n \"Global Atomic Corporation would like to thank His Excellency, President\n \n Mohamed Bazoum\n \n and Madame Hadizatou Ousseini Yacouba, Minister of Mines of the Republic of\n \n Niger\n \n , for their support of the Dasa Project. We look forward to a long-term partnership in the development and operation of our outstanding new uranium mine which will benefit all Nigeriens\",\n \n said\n \n Stephen G. Roman\n \n , Global Atomic's President & CEO.\n \n \n \n \"The Niger Government's decision to acquire and fund an additional 10% interest in the Dasa Project reflects their confidence in the quality of the deposit and...