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Global Atomic Forms Dasa Project Financing Syndicate
Global Atomic Forms Dasa Project Financing Syndicate Canada NewsWire ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Global Atomic Forms Dasa Project Financing Syndicate\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 20, 2022\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") is pleased to announce that the Company has now received Letters of Intent from a banking syndicate to finance the Dasa Uranium Project in Niger.  The syndicate is comprised of North American financial institutions and includes the previously announced indication from Export Development Canada.  The names of all members of the syndicate will be named following further due diligence and board approvals by the financial institutions, which are expected to occur by the end of 2022.\n \n \n \n \n \n \n \n \n \n Global Atomic President and CEO,\n \n Stephen G. Roman\n \n commented,\n \n \"This significant milestone keeps us on schedule to complete our Dasa Project financing by the end of 2022 and to begin plant construction in Q1 2023.  By taking this step, the syndicate has indicated its confidence in the quality of the Dasa deposit and in management's capability and commitment to execute the Phase 1 plan as outlined in our 2021 Feasibility Study.  Today's announcement combined with the acceptance of the Company's initial off-take sale offer announced on\n \n June 15, 2022\n \n , and the construction activity ongoing at site, are proof that Global Atomic is well underway towards achieving our goal of delivering yellowcake to utilities in early 2025.\"\n \n \n \n \n About Global Atomic\n \n \n \n Global Atomic Corporation (\n \n www.globalatomiccorp.com\n \n ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.\n \n \n 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.  With the issuance of the Dasa Mining Permit and an Enviro...