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Global Atomic Continues to Advance the Dasa Project, Including Progressing Financing Options and Positive Engagement with Niger's Mines Minister
Global Atomic Continues to Advance the Dasa Project, Including Progressing Financing Options and ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Global Atomic Continues to Advance the Dasa Project, Including Progressing Financing Options and Positive Engagement with Niger's Mines Minister\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 June 17, 2024\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) today provided an update on its financing and development of the Dasa Uranium Project in the Republic of\n \n Niger\n \n , including:\n \n \n \n Updates on the approaches made to the Company to finance the development of the Dasa Project and timeline for the approval of the proposed\n \n US$295 million\n \n debt financing facility led by a US development bank\n \n \n Updates on the recent trip to\n \n Niger\n \n by President & CEO,\n \n Stephen G. Roman\n \n , CFO, Rein Lehari, and Chief Technology Officer, Dr.\n \n Santiago Faucher\n \n \n \n \n \n \n Dasa Uranium Project – Financing Options\n \n \n \n \n To complete the project financing for the development of the Dasa Project, the Company has received several approaches, including:\n \n \n \n The proposed\n \n US$295 million\n \n debt financing, led by a U.S. development bank which is advancing to the approval stage;\n \n \n Approaches from a variety of sources for pre-payments on uranium delivery contracts;\n \n \n Approaches for a strategic equity investment into the Company from a number of financial institutions and private equity firms;\n \n \n Approaches for a minority Joint Venture investment at the project level; and\n \n \n Approaches from investment banks for an equity financing.\n \n \n \n The Company is actively considering the host of funding options available and intends to advance several of the options in parallel in order to determine the preferred funding structure.\n \n \n \n Dasa Uranium Project – Debt Financing\n \n \n \n \n The U.S. development bank that will provide the proposed\n \n US$295 million\n \n debt financing facility for the development of the Dasa Proj...