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Global Atomic Provides Update on Dasa Project Financing and Recent Visit to Niger
Global Atomic Provides Update on Dasa Project Financing and Recent Visit to Niger Canada ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\nGlobal Atomic Provides Update on Dasa Project Financing and Recent Visit to Niger\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\nCanada NewsWire\n\n\nTORONTO, Dec. 11, 2025 /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to provide an update on financing for the Company's Dasa Project and Management's recent visit to the Republic of Niger.\n\n\n\n\n\n\n\nThe U.S. development bank (the \"Bank\") has confirmed that funding for the Dasa Project was reviewed at a meeting of the Bank's Credit Committee and forwarded to the Investment Committee for review. Current guidance indicates next steps in the approval process will occur over the next two months. We expect further updates from the Bank in the new year to confirm their review and approval timelines. \nRecent announcements by the U.S. Government about authorization for funding by the Bank include increased funding, allowance for higher risk tolerance and the potential for equity investments in funded projects. Together with the U.S. Government's focus on critical minerals we interpret these announcements as welcome indicators of eventual approval of the Dasa Project loan.\nThe Company is in the process of securing Canadian Government input regarding an alternative financing solution involving the purchase of a minority joint venture ownership in Global Atomic's Niger subsidiary, SOMIDA. \nGlobal Atomic Management recently travelled to Niger where they held a successful site visit as well as meetings with senior officials in Niger's Government, including Mines Minister Abarchi, and a special meeting hosted by Prime Minister Zeine, including select Cabinet Ministers and senior staff.\nStephen G. Roman, President and CEO of Global Atomic, was interviewed in French by Niger's national television where he confirmed having an excellent meeting with the Prime Minister and senior Ministers and expressed his appreciation for their proactive engagement in facilitating the development of the Dasa Project.  Mr. Roman noted the win-win philo...