Global Atomic Corporation · TSX:GLO
Global Atomic — Investor Presentation (February 2024)
27 slides from Global Atomic's investor presentation, February 2024
Slide 1: Global Atomic Corporation: Advancing the Dasa Uranium Project
GLOBAL ATOMIC CORPORATION Advancing the Dasa Uranium Project in the Republic Of Niger Corporate Presentation FEBRUARY 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Global Atomic Corporation (“Global Atomic” or the “Company”) and includes information from sources believed by management to be reliable. No representation or warranty, expressed or implied, is made as to the accuracy of the information set forth
Slide 3: Low-Carbon Baseload Power & Mineral Recycling
LOW-CARBON BASELOAD POWER & MINERAL RECYCLING URANIUM Republic of Niger Uranium will fuel the global reactor fleet to generate clean baseload power. HQ Canada Zinc Türkiye ZINC RECYCLING Uranium Niger Iskenderun, Türkiye Zinc concentrate produced by recycling Electric Arc Furnace Dust (EAFD), is a k
Slide 4: Dasa Project: the only greenfield uranium project under development
DASA PROJECT the only greenfield 0000 uranium project under development today Opening Blast Ceremony, November 2022 4 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 5: Dasa is the highest-grade uranium deposit in Africa
Dasa is the highest- grade uranium deposit in Africa, situated in Niger’s established uranium district 5 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 6: Global Atomic at a Glance
GLOBAL ATOMIC AT A GLANCE Highest Grade Deposit: outside of the Athabasca Basin Mining: began November 2022, ramp already at top of ore body Financing: processing plant construction funding in progress Off-takes: uranium sales contracts signed with utilities Updated Mine Plan and Feasibility Study:
Slide 7: Highest Grade Uranium Project in Africa
HIGHEST GRADE URANIUM PROJECT IN AFRICA Phase 1 Mine Plan represents ≈20% of Dasa’s current Mineral Resource Phase 1: 12 years Dasa Project schematic long-section and hypothetical underground infrastructure. Phase 1 – Flank Zone, initial 12 years Phase 2 – Future Mine Development Phase 3 – Surface M
Slide 8: 2023 Mineral Resource Estimate
2023 MINERAL RESOURCE ESTIMATE 2019 MINERAL RESOURCE ESTIMATE M&I Resources from the 2019 MRE were incorporated into the 2021 Phase 1 Feasibility Study to extract 44Mlb (~20% of the ore body) over 12 years 2021-22: 16,000-meter drill program converted more Inferred Resources into M&I Q1 2024: Update
Slide 9: Large, High-Grade Strategic Asset
COMPARATIVE GRADE / TONNAGE REPORT AT VARYING CUT-OFF GRADES July 2019 Estimate May 2023 Revised Estimate % Change Uranium Contained Uranium Contained Contained Tonnes Content Uranium Tonnes Content Uranium Uranium Cut-Off Category (Mt) eU3O8 eU3O8 (Mt) eU3O8 eU3O8 eU3O8 LARGE, Indicated 81.6 (ppm)
Slide 10: 2021 Feasibility Study Highlights
2021 FEASIBILITY STUDY HIGHLIGHTS Grade: 5,267 ppm Production & LOM: 44.1 Mlbs U3O8 over first 12 years Annual Production: ~4.5 Mlbs Low Cost: $19.02/lb Cash Cost and $22.13/lb AISC due to high-grade, high recovery rates, ramp access Three off-take agreements with North American utilities to 2031 Ye
Slide 11: Dasa Mine Phase - Estimated U3O8 Production
DASA MINE PHASE 1 - ESTIMATED U3O8 PRODUCTION Phase 1 Phase 2 (estimated) 6 INITIAL 5 PRODUCTION 4 Millions lbs U3O8 PROFILE 3 2 1 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 Source: Dasa Project 2021 Phase 1 Feasibility Study 11 TSX: GLO | OTCQX: GLATF | F
Slide 12: Development of the underground mine is well underway
Development of the underground mine is well underway Ramp development has reached the ore body 12 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 13: TSX: GLO | OTCQX: GLATF | FRA: G12
13 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 14: Surface & underground mine infrastructure is underway
Surface & underground mine infrastructure is underway 14 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 15: Significant Catalysts Leading to Uranium Deliveries in 2026
OUTLOOK SIGNIFICANT CATALYSTS LEADING TO URANIUM DELIVERIES IN 2026 2024 2025 2026 • Finalize project financing • Complete construction • Yellowcake delivery to utilities • Q1 update Feasibility Study • Commission processing plant • Continue infill & expansion drilling • Continue mine development •
Slide 16: Dasa Project located in the Tim Mersoï Basin
MINE SITE 4.5 km from Camp ESG INITIATIVES SINCE 2008: • Food during droughts CAMP • Medical supplies • Water wells & infrastructure • Education & training • Local, regional and national procurement of goods & services • ESIAs include significant consultation and baseline studies • Development Bank
Slide 17: Operations & ESG
OPERATIONS & ESG The Dasa Project significant benefits to local economy: • Royalty, tax and fee income to government and utilities • Employment of experienced local workforce • Recruitment of local labor, companies, and procurement • Training and mentorship programs • Support area agricultural initi
Slide 18: Strong community relations & social engagement at the Dasa Project
Strong community relations & social engagement at the Dasa Project
Slide 19: Uranium Supply & Demand
URANIUM SUPPLY & DEMAND URANIUM DEMAND EXCEEDS SUPPLY Source: Dasa Project Phase I Feasibility Study 19 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 20: Befesa Silvermet, Türkiye
BEFESA SILVERMET, TÜRKİYE • Joint Venture (49%) with Befesa Zinc, the market leader in zinc recycling • Processes EAFD containing 20% to 30% zinc sourced from local steel mills • Produces a 65% to 70% zinc oxide concentrate for sale to smelters • Recovers high grade zinc & removes toxic elements fro
Slide 21: Zinc Recycling JV Production & Profitability
JV PRODUCTION & PROFITABILITY EAFD Processed (tonnes) Sales - Zinc (000 lbs) Avg. monthly LME Zinc price (US$/lb) ZINC RECYCLING 90,000 80,000 $1.80 $1.60 • 44,556 tonnes EAFD processed 70,000 $1.40 $1.20 60,000 in the first 9 months of 2023 $1.00 50,000 • Limited EAFD supply YTD due 40,000 $0.80 $0
Slide 22: Experienced Independent Board of Directors
BOARD & MANAGEMENT EXPERIENCED INDEPENDENT BOARD OF DIRECTORS Stephen G. Roman Trace Arlaud Asier Zarraonandia Ayo Dean Chambers Richard Faucher Derek Rance Fergus P. Kerr Founder, Chairman, Independent Independent Independent Independent Independent Independent President and CEO Director Director D
Slide 23: Experienced Executive Team
BOARD & MANAGEMENT EXPERIENCED EXECUTIVE TEAM Stephen G. Roman Rein A. Lehari Tim Campbell Dr. Santiago Faucher Emre Toprak Bob Tait Founder, Chairman, Chief Financial VP ESG & Corporate Chief Technology VP Finance VP Investor President and CEO Officer Secretary Officer Relations Ex Director and VP
Slide 24: Experienced Niger Management Team
EXPERIENCED NIGER MANAGEMENT TEAM HQ NIAMEY Moussa Souley | Managing Director Fabian Soyer | Finance Director Maman Issa | Director of Human Resources DASA MINE SITE John Wheeler | Director of Operations & General Manager Daniele Valentino | Deputy Director of Operations & Assistant General Manager
Slide 25: Tight Capital Structure
TIGHT CAPITAL STRUCTURE C$677 M Global Atomic Share Price Performance (January 2, 2020 - January 31, 2024) Market Capitalization GLO Share Price (CAD) Uranium Juniors Adj. to GLO Base (CAD) TSX Composite Adj. to GLO Base (CAD) C$3.28 206.5 M TSX Share Price Shares Issued* $5.00 As of Jan. 31, 2024 A
Slide 26: Republic of Niger
REPUBLIC OF NIGER 7th largest global uranium producer 50 years of uranium mining, shipping to global customers 0000 Infrastructure including paved roads, power, water, trained workforce 20% interest in SOMIDA is held by the Republic of Niger 26 TSX: GLO | OTCQX: GLATF | FRA: G12
Slide 27: Thank You!
THANK YOU! GLOBAL ATOMIC CORPORATION 8 King St E, Suite 1700 Toronto, ON M5C 1B5 +1 416-368-3949 globalatomiccorp.com info@globalatomiccorp.com
Global Atomic — Investor Presentation (February 2024) on 6ix