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Niger Appeals Court Overturns and Annuls Court Orders Against SOMIDA
Niger Appeals Court Overturns and Annuls Court Orders Against SOMIDA Canada NewsWire ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Niger Appeals Court Overturns and Annuls Court Orders Against SOMIDA\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 Feb. 24, 2023\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO) (FRANKFURT: G12) announced that the Appeals Court in Tahoua,\n \n Niger\n \n overturned and annulled all issues raised against the Company's\n \n Niger\n \n subsidiary, SOMIDA S.A.\n \n \n \n \n \n \n \n \n \n As the Dasa Project is of major importance to the economy of\n \n Niger\n \n , the Hearing was treated as a special case and resulted in an expedited ruling.\n \n \n SOMIDA did not cease underground development of the Dasa Mine due to the court proceedings and remains on its development schedule.\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 Environmental Compliance Certificate by the Republic of\n \n Niger\n \n , the Dasa Project is fully permitted for commercial production.  The Phase 1 Feasibility Study for Dasa was filed in\n \n December 2021\n \n and estimates yellowcake delivery to utilities to commence in 2025.  Mine excavation began in Q1 2022.\n \n \n Global Atomic's Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a modern zinc production plant, located in Iskenderun,\n \n Turkey\n \n . The plant recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. (Befesa)...