Slide 1: Global Atomic Corporation
Global Atomic Corporation ADVANCING THE LARGE, HIGH-GRADE DASA URANIUM PROJECT IN THE REPUBLIC OF NIGER Stephen G. Roman, President & CEO May 2021
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: Global Atomic has a unique business model for success
Global Atomic has a unique business model for success: URANIUM ZINC RECOVERY Processing Electric Iskenderun, Turkey Arc Furnace Dust to Produce Zinc Oxide PROVIDING STABLE CASH-FLOW WHILE WE BRING URANIUM TO MARKET PROFITABLE ZINC RECYCLING IS FUELLING OUR LOW-CARBON FUTURE 3
Slide 4: A unique model of two complementary businesses
A unique model of two complementary businesses: creating value and limiting dilution URANIUM Dasa Uranium, Republic of Niger Stand alone, high grade, high margin, underground operation, in Phase 1 Dasa Mine plan FUELLING A LOW-CARBON FUTURE OF CLEAN ENERGY 4
Slide 5: The Dasa Project is high grade and long life
THE DASA PROJECT IS COMPELLING The Dasa Project is high grade and long life: Dasa Project schematic long-section and hypothetical underground infrastructure PHASE I DEFINES THE INITIAL 12-YEAR MINE PLAN OF THIS LARGE, HIGH-GRADE DASA PROJECT 5
Slide 6: Grade / Tonnage Report at Varying Cut-Off Grades
THE DASA PROJECT IS COMPELLING Grade / Tonnage Report at Varying Cut-Off Grades Contained Contained Cut-Off Grade Uranium Uranium Category Tonnes (Mt) (eU3O8 ppm) (eU3O8 ppm) (eU3O8 Mlb) Indicated 81.6 718 129.1 100 Inferred 96.1 606 128.4 Indicated 32.0 1,530 108.1 320 Inferred 35.0 1,333 102.7 Ind
Slide 7: 5,396 ppm + 12 years → 44 Mlbs U3O8
THE DASA PROJECT IS COMPELLING Dasa is an impressive project as per the May 2020 PEA (Preliminary Economic Assessment) using a uranium price of $35/lb 5,396 ppm + 12 years ➞ 44 Mlbs U3O8 Phase 1 Phase 1 production Compelling project economics after-tax $203M + $18.39/lb ➞ $210.7M Start-Up CapEx AISC
Slide 8: Dasa base case economics improve at higher uranium prices
THE DASA PROJECT IS COMPELLING The Dasa Project has strong base case economics @ $35/lb that improve significantly using higher uranium prices Economic sensitivity with varying uranium prices* Uranium price (per pound) $25/lb $30/lb $35/lb $40/lb $45/lb $50/lb Before-tax NPV @ 8% $41 M $139 M $260 M
Slide 9: Dasa Mine Phase I - Estimated U3O8 Production
Dasa Mine Phase I - Estimated U3O8 Production Source: 2020 Preliminary Economic Assessment (to be updated with 2021 Feasibility Study) 9
Slide 10: Dasa Project has already achieved significant milestones
THE DASA PROJECT IS COMPELLING Dasa Project has already achieved significant milestones 2021 • Received Environmental Compliance 2020 Certificate • Published PEA • Pilot Plant for Flank Zone results confirm 2018 (Phase I ) Dasa uranium • Discovered • Filed EIS, recovery process the high- Hydrogeolog
Slide 11: Significant catalysts ahead in each of the upcoming four years
THE DASA PROJECT IS COMPELLING There are significant catalysts ahead in each of the upcoming four years 2024 • Commission plant • Commence 2023 Commercial • Advance ramping and Production underground development 2022 • Begin plant construction • Complete project financing • Break ground to begin 202
Slide 12: Niger is an ideal jurisdiction to mine uranium
THE DASA PROJECT IS COMPELLING 5th largest global uranium producer Niger is an ideal jurisdiction to mine uranium • 50 years of uranium mining • Established markets for uranium including France & U.S. • Excellent infrastructure, including paved roads, power and water • Excess milling capacity if nee
Slide 13: ESG and CSR are key components of the culture
ESG AND CSR ARE KEY COMPONENTS OF THE GLOBAL ATOMIC CULTURE Since Global Atomic became active in Niger in 2005, the Company has provided: • Food during periods of drought • Medical supplies • Infrastructure projects such as water wells • Education and training • Procurement of goods and services on
Slide 14: Cash flow from zinc recycling underpins uranium development
Cash flow from zinc recycling underpins uranium development URANIUM ZINC RECOVERY Processing Electric Iskenderun, Turkey Arc Furnace Dust to Produce Zinc Oxide PROVIDING STABLE CASH-FLOW WHILE WE BRING URANIUM TO MARKET 14
Slide 15: Zinc sales from BST help fund the Dasa Project
ZINC RECYCLING Joint venture with (51%), a market leader in zinc recovery Zinc sales from BST help • Processes Electric Arc Furnace Dust (“EAFD”) fund the Dasa Project. containing 25% to 30% zinc sourced from local steel mills • Produces a 70% zinc oxide concentrate, which is sold to smelters • Reco
Slide 16: Plant expansion means no major capital needed for zinc business
CASH FLOW FROM ZINC RECYCLING UNDERPINS DASA PROJECT DEVELOPMENT The plant expansion and modernization completed in 2019 means no major capital needed for the zinc business Chart Title • Capacity increased to process 80,000 $2.00 110,000 tonnes EAFD p.a., up from 65,000 tonnes previously 70,000 $1.8
Slide 17: Tight share structure, dilution protected by cash flow
EXCELLENT CAPITAL STRUCTURE Tight share structure, dilution protected by cash flow C$499 M* C$3.08* 162.1 M Market Capitalization TSX Share Price Shares Issued * As of May 7, 2021 Share Price Performance for Global Atomic (TSX:GLO) 12 months ending May 7, 2021 Shareholder composition Institutional s
Slide 18: Experienced team of mine development and uranium veterans
EXCELLENT CORPORATE STRUCTURE Experienced team of mine development and uranium veterans Stephen G. Roman – Founder, Chairman, President and CEO Ron Halas, P.Eng – Chief Operating Officer Ex director of Denison Mines. Founded, managed and sold Gold Eagle Mines to 30 years of open pit and underground
Slide 19: This is a great time to invest in uranium
URANIUM IS A NET ZERO INVESTMENT This is a great time to invest in uranium. SUPPLY: -30% DEMAND: +40% since 2015 by 2020 Uranium supply is constrained. Uranium demand is growing. • 3 top-ten mines closed or expected to • 50 nuclear reactors under close between 2020 and construction in 15 countries 2
Slide 20: Uranium Company EV/lb Total Resource Comparison
GLOBAL ATOMIC IS UNDERVALUED COMPARED TO ITS PEERS Uranium Company EV/lb Total Resource Comparison Source: Company reports, Cormark Securities, Thomson Reuters 20
Slide 21: 80% of new projects need a uranium price above current spot
URANIUM IS A NET ZERO INVESTMENT 80% of new projects need a uranium price above current spot price The Dasa Project Total Operating Cash Costs and AISC are estimated at $16.72/lb and $18.39/lb respectively in the May 2020 Preliminary Economic Assessment. 21
Slide 22: Investment Case
IN CONCLUSION Investment Case Fully permitted Uranium Project Established cash flowing zinc recycling operation Tight share structure, strong shareholder register Global Atomic is a significant contributor to the Net Zero economy 22
Slide 23: 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