Global Atomic Provides Update on Niger Operations

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[{"type":"text","content":"\n \n \n \n Global Atomic Provides Update on Niger Operations\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 14, 2023\n \n \n /CNW/ - Global Atomic Corporation (\"\n \n Global Atomic\n \n \" or the \"\n \n Company\n \n \") (TSX: GLO) (FRANKFURT: G12) announced today that it has received notice that a local court in Agadez,\n \n Niger\n \n issued several orders against one of the Company's subsidiaries in\n \n Niger\n \n , Société Minere de DASA S.A. avec CA (\"\n \n SOMIDA\n \n \"), in response to demands from certain local organizations. SOMIDA is a joint venture between the Company and the Republic of the\n \n Niger\n \n with the Company owning an 80% interest and the government a 20% interest.\n \n \n \n \n \n \n \n \n \n The court issued several orders. One order requires SOMIDA to cease all operations under the Adrar Emoles 4 (\"\n \n AE4\n \n \") exploration permit, which is held by the Company's subsidiary, Global Atomic Fuels Corporation. However, Global Atomic Fuels Corporation is not named in the orders. The AE4 permit covers Global Atomic's Isakanen deposit that is currently undergoing exploration and initial tests for In Situ Recovery (ISR) of uranium and not considered a material property of the Company.\n \n \n The remaining orders relate to the publication of the 2020 Environmental and Social Impact Assessment on the Company's Dasa Project (the \"\n \n ESIA\n \n \").  The ESIA was filed, subject to public review in accordance with all applicable legal requirements in\n \n Niger\n \n and approved by the Government of\n \n Niger\n \n .\n \n \n Although the orders are issued to SOMIDA, the current orders requiring the cessation of operations are in respect of AE4, not Adrar Emoles 3, which is where the Dasa mining project is located. As such, management of the Company does not believe that these speci...

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