Global Atomic Corporation · TSX:GLO
Global Atomic — Investor Presentation (June 2023)
35 slides from Global Atomic's investor presentation, June 2023
Slide 1: Global Atomic Corporation
Global Atomic Corporation HIGH-GRADE DASA URANIUM PROJECT IN THE REPUBLIC OF NIGER FUELING LOW-CARBON BASELOAD POWER & MINERAL RECYCLING June 2023
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: Creating one of the most environmentally progressive mining companies
Creating one of the most environmentally progressive mining companies Ø Global Atomic’s zinc recycling cash flow has contributed to the funding of the development of Global Atomic’s Dasa Project Ø Global Atomic’s uranium will be used by international electric utilities to generate clean baseload pow
Slide 4: Dasa is the highest-grade uranium deposit outside the Athabasca Basin
Dasa is the highest-grade uranium deposit outside the Athabasca Basin and situated in Niger’s established uranium district. 4
Slide 5: Global Atomic at a Glance
Creating one of the most environmentally progressive mining companies Global Atomic at a Glance ü Cash flow from zinc operation contributes to Dasa development ü One of few emerging uranium producers, able to economically compete in the current, mid- and long-term market. ü All permits in place, exp
Slide 6: The Dasa Project is the highest grade uranium project in Africa
The Dasa Project is the highest grade uranium project in Africa. The Phase 1 Mine Plan represents approximately 20% of Dasa’s current Mineral Resource. Dasa Project schematic long-section and hypothetical underground infrastructure Phase 1 – Flank Zone, initial 12 years Phase 2 – Future Mine Develop
Slide 7: 2021 Feasibility Study included 5 Zones in the Phase 1 mine plan
2021 Feasibility Study included 5 Zones in the Phase 1 mine plan 7
Slide 8: 2019 MRE Dasa contained substantial Inferred Resources
2019 MRE Dasa contained substantial Inferred Resources DASA HAS SUBSTANTIAL MINERAL RESOURCES TO BE MINED BEYOND THE PHASE 1 ZONES 8
Slide 9: 2023 MRE converted substantial Inferred to Indicated
2023 MRE converted substantial Inferred to Indicated THE NEW MRE SHOWS POTENTIAL TO UPGRADE MORE RESOURCES TO MINERAL RESERVES 9
Slide 10: Comparative Grade/Tonnage Report at Varying Cut-Off Grades
Comparative Grade/Tonnage Report at Varying Cut-Off Grades 10
Slide 11: Feasibility Study represents ~20% of the current resource @ $35/lb
Feasibility Study represents ~20% of the current resource @ $35/lb Economic sensitivity with varying uranium prices* Uranium price (per pound) $35/lb $40/lb $50/lb $60/lb $70/lb $80/lb $100/lb Before-tax NPV @ 8% $175 M $295M $539 M $781 M $1.025 B $1.270 B $1.763 B After-tax NPV @ 8% $147 M $251 M
Slide 12: Dasa Mine Phase - Estimated U3O8 Production
Dasa Mine Phase 1 - Estimated U3O8 Production Source: Dasa Project Phase 1 Feasibility Study 7 6 5 Millions of Pounds 4 3 2 1 0 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Phase 1 Phase 2 (estimated) 12
Slide 13: Many significant catalysts leading to uranium production in 2025
Many significant catalysts leading to uranium production in 2025 2023 2024 2025 • New MRE announced in Q2 • Continue underground • Declare commercial development production • Q2 Detailed engineering • Complete construction and • Yellowcake delivery to • Q2 Finalize project financing commission plant
Slide 14: Ramp development for the underground mine is well underway
Ramp development for the underground mine is well underway Ramp development was extended to over 400 meters by end of May 2023 14
Slide 15: ESG Initiatives since Global Atomic became active in Niger in 2008
ESG Initiatives since Global Atomic became active in Niger in 2008 • Food during droughts • Medical supplies • Water wells, Infrastructure • Education and training Mine Site 4.5 km from Camp • Procurement of goods and services on local, regional and national basis • ESIA’s include significant consul
Slide 16: Operational and ESG practices consistent with Equator Principles and IFC Performance Standards
Operational and ESG practices will continue to be developed consistent with Equator Principles and IFC Performance Standards The Dasa Project will bring significant benefits to local economy including: • Royalty, tax and fee income to government and utilities • Employment of miners laid off due to s
Slide 17: Niger is an ideal jurisdiction for uranium mining
Niger is an ideal jurisdiction for uranium mining • 7th largest global uranium producer, previously 4th largest (2015) • 50 years of uranium mining, shipping primarily to France & the U.S. • Excellent infrastructure, including paved roads, power, water, trained workforce • Niger holds a 20% stake in
Slide 18: Befesa Silvermet Turkey, S.L.
Zinc oxide recovery plant Iskenderun, Türkiye Befesa Silvermet Turkey, S.L. • Recovers high grade zinc from electric arc furnace dust (EAFD) & removes toxic elements from the environment • Plays an important role in the circular economy – reduce, recycle, re-use • 49% non-operating Joint Venture int
Slide 19: Cash flow from zinc recycling operation underpins Dasa Project
Cash flow from zinc recycling operation underpins Dasa Project • In Q1 2023 the JV 110,000 $2.00 processed 6,125 tonnes of Electric Arc Furnace Dust $1.80 90,000 $1.60 • The zinc price continued to decline in 2023 $1.40 70,000 $1.20 • Supply of EAFD will be restricted during 2023 until 50,000 $1.00
Slide 20: Uranium Supply & Demand
Uranium Supply & Demand 300 M lbs U3O8 Specified Secondary Supply Existing Mines - Adjusted Commercial Inventory Restarted Idled Mines Under Development Planned Mines Prospectve Mines Uranium Demand Reference Demand forecast 250 does not capture Total Supply w/o displacement the unfolding upside Unk
Slide 21: Experienced Board – predominantly independent
Experienced Board – predominantly independent Stephen G. Roman – Founder, Chairman, President and CEO Ex Director and VP Exploration of Denison Mines. Founded, managed and sold Gold Eagle Mines to Goldcorp Inc for $1.5B. Won the “Bill Dennis Award” from the PDAC in 2016. Financed and developed many
Slide 22: Strong Executive Team
Strong Executive Team Stephen G. Roman – Founder, Chairman, President and CEO Ex Director and VP Exploration of Denison Mines. Founded, managed and sold Gold Eagle Mines to Goldcorp Inc for $1.5B. Won “Bill Dennis Award” from the PDAC in 2016. Financed and developed many mining projects globally in
Slide 23: Strong, experienced Nigerien Management Team
Strong, experienced Nigerien Management Team Niger Operations – SOMIDA (Société Minière de DASA S.A.) Moussa Souley, Mining Engineer Chitou Oumarou Managing Director Radiation Protection Officer Lawan Moussa, Mining Engineer Maman Issa Head of Mining, Dasa Mine Human Resources Director A. Christophe
Slide 24: Tight share structure
Tight share structure Cash flow from zinc operations mitigates share dilution C$552 M C$2.73 202.1M Market Capitalization TSX Share Price Shares Issued* As of May 31, 2023 As of May 31, 2023 Global Atomic Share Price Performance Shareholder composition (approx.) (January 2, 2020 - May 31, 2023) GLO
Slide 25: 8 King St E, Suite 1700 Toronto, ON M5C 1B5 Tel: +1 416 368
8 King St E, Suite 1700 Toronto, ON M5C 1B5 Tel: +1 416 368 3949 info@globalatomiccorp.com globalatomiccorp.com
Slide 26: Appendix
APPENDIX 26
Slide 27: Global Atomic is undervalued compared to many of its peers
Global Atomic is undervalued compared to many of its peers Market Cap/Pound of In-Ground Resources $14 $12 $10 $8 $6 $4 $2 $0 Ur-Energy Energy Fuels Skyharbour NexGen Lotus Global ENRG Anfield Laramide Labrador ValOre GoviEx Resources Energy Resources Atomic Elements Energy Resources Uranium Metals
Slide 28: Production Availability - 2025
Production Availability - 2025 Restricted or Reality is that a large portion of African Supply unavailable supply Is owned and consumed by the Chinese and unavailable to Western utilities. Restricted or unavailable supply Not inclusive of Dasa Not inclusive of Dasa: Dasa increases available African
Slide 29: Nuclear / Uranium outlook
Nuclear / Uranium outlook Global Atomic is committed to independently provide economic supply competition in the uranium market, and supply security to the global reactor fleet. • Nuclear power’s low carbon value now boosted by the desire for energy independence. • The US 2022 Inflation Reduction Ac
Slide 30: U.S. commits support to Niger & Benin Economies at 2022 Africa Leaders Summit
U.S. commits support to Niger & Benin Economies at 2022 Africa Leaders Summit During the December 2022 U.S.-Africa Leaders Summit in Washington, Niger and Benin signed a regional compact designed to reduce transportation costs along the corridor between the Port of Cotonou in Benin and Niger’s capit
Slide 31: The Dasa Project is on schedule for production in 2025
The Dasa Project is on schedule for production in 2025 Dasa Project has already achieved significant milestones • Completed 16,000 m drill program • Appointed EPCM contractors • Niger mining subsidiary SOMIDA formed 2022 • Formed banking syndicate for project loan, including EDC • Offtake commitment
Slide 32: DASA: Uranium Mineralization Model
DASA: Uranium Mineralization Model • Uranium leaching from Aïr DASA basement in oxidized fluids; Graben Azou Azou za za trapped into reducing Fault Fault S N Carboniferous and Triassic- Aïr Jurassic sediments in channel massi settings (roll front enrichment, f Tabular) • Uranium leaching from pyrocl
Slide 33: Strong Government support for SOMIDA and the Dasa Project
Strong Government support for SOMIDA and the Dasa Project His Excellency, President Mohamed Bazoum meeting with Global Atomic executives SOMIDA Global Atomic’s Niger subsidiary, owns and operates the Dasa Project: Global Atomic (80%) Government of Niger (20%) 33
Slide 34: Strong Government support for SOMIDA and the Dasa Project
Strong Government support for SOMIDA and the Dasa Project Madame Hadizatou Ousseini Yacouba, Minister of Mines with executives of Global Atomic Corporation 34
Slide 35: Strong community relations & social engagement at the Dasa Project
Strong community relations & social engagement at the Dasa Project 35