Global Atomic Corporation · TSX:GLO
Global Atomic — Investor Presentation (June 2022)
27 slides from Global Atomic's investor presentation, Jun 23, 2022
Slide 1: Advancing the Large, High-Grade Dasa Uranium Project in the Republic of Niger
Global Atomic Corporation ADVANCING THE LARGE, HIGH-GRADE DASA URANIUM PROJECT IN THE REPUBLIC OF NIGER June 2022
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: Dasa in the heart of an established uranium district
THE DASA PROJECT BENEFITS FROM EXISTING INFRASTRUCTURE & STRONG GOVERNMENT SUPPORT Dasa in the heart of an established uranium district: 4
Slide 5: The Dasa Project is compelling
THE DASA PROJECT IS COMPELLING 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 Development Phase 3 – Surface Mineralizat
Slide 6: Dasa contains substantial Inferred resources that infill drilling can convert
THE DASA PROJECT IS COMPELLING Dasa contains substantial Inferred resources that infill drilling can convert into Measured and Indicated resources DASA HAS SUBSTANTIAL MINERAL RESOURCES TO BE MINED BEYOND THE PHASE 1 ZONES 6
Slide 7: Drill results show ore body approximately 3x larger than Feasibility Study
THE DASA PROJECT IS COMPELLING Drill results indicate that mining zones 2a, 2b & 3 now represent a contiguous ore body approximately 3x larger than defined in the Feasibility Study. A REVISED MINERAL RESOURCE ESTIMATE AND PHASE 1 MINE PLAN ARE EXPECTED IN Q4 2022. 7
Slide 8: Grade / Tonnage Report at Varying Cut-Off Grades
THE DASA PROJECT IS COMPELLING Grade / Tonnage Report at Varying Cut-Off Grades Uranium Contained Cut-Off Grade Content 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 Indic
Slide 9: Dasa is an impressive project per the 2021 Feasibility Study
THE DASA PROJECT IS COMPELLING Dasa is an impressive project as per the 2021 Feasibility Study using a uranium price of $35/lb 5,184 ppm + 12 years ➞ 45.4 Mlbs Phase 1 U3 O 8 Phase 1 production Compelling project economics after-tax $208M + $21.93/lb ➞ $157 M Start-Up CapEx AISC Cost NPV8 ➞ 22.7% IR
Slide 10: Strong base case economics at $35/lb that improve with 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) $35/lb $40/lb $50/lb $60/lb $70/lb $80/lb $100/lb Before-tax NPV @ 8% $187 M $309
Slide 11: Dasa Mine Phase 1 Estimated U3O8 Production
THE DASA PROJECT IS COMPELLING Dasa Mine Phase 1 - Estimated U3O8 Production Source: 2021 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 (proposed) 11
Slide 12: 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 for Phase I • Pilot Plant 2018 (first 12 years) results confirm • Discovered Dasa uranium high-grade • Received 3- recovery process Flank
Slide 13: Many significant catalysts ahead leading to uranium production
THE DASA PROJECT IS COMPELLING Many significant catalysts ahead leading to uranium production 2022 2023 2024 2025 • Blasting and excavation of box-cut access ramp complete • Advance ramping • Commission • Begin and underground plant shipping • Surface infrastructure continues, including 100-person d
Slide 14: 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 15: ESG and CSR are key components of the Global Atomic culture
ESG AND CSR ARE KEY COMPONENTS OF THE GLOBAL ATOMIC CULTURE Global Atomic’s ESG plans include: • Minimizing carbon emissions • A solar power installation to supplement the mine’s energy requirements • The use of battery-electric mining vehicles Since Global Atomic became active in Niger in 2007, the
Slide 16: Dasa Project Under Construction
DASA PROJECT UNDER CONSTRUCTION 16
Slide 17: Dasa Project Under Construction
DASA PROJECT UNDER CONSTRUCTION 17
Slide 18: Dasa Project Under Construction
DASA PROJECT UNDER CONSTRUCTION 18
Slide 19: 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 19
Slide 20: Befesa Silvermet Turkey
Zinc oxide recovery plant Iskenderun, Turkey Befesa Silvermet Turkey • Joint venture with Befesa Zinc, the market leader in zinc recovery • Processes Electric Arc Furnace Dust (“EAFD”) containing 25% to 30% zinc sourced from local steel mills • Produces a 70% zinc oxide concentrate, which is sold to
Slide 21: Strong zinc prices contribute to short payback of the 2019 modernization loan
CASH FLOW FROM ZINC RECYCLING UNDERPINS DASA PROJECT DEVELOPMENT Strong zinc prices contribute to short payback of the 2019 modernization loan 110,000 $2.00 • In Q1 2022 the plant processed 19,785 tonnes of EAFD, despite a 3- $1.80 week maintenance shutdown 90,000 $1.60 • The zinc price staged a str
Slide 22: Uranium Demand Projected to Outpace Supply Forecast
URANIUM OUTLOOK IS ATTRACTIVE Uranium Demand Projected to Outpace Supply Forecast • Legacy mines closed due to high costs & COVID restrictions & ore depletion • Exploration & development restrained by permitting & low prices since 2011 • Downstream inventories limited • Uncovered demand growing due
Slide 23: Tight share structure, dilution protected by cash flow
EXCELLENT CAPITAL STRUCTURE Tight share structure, dilution protected by cash flow C$538 M C$3.03 177.6 M Market Capitalization TSX Share Price Shares Issued As of May 31, 2022 As of May 31, 2022 Global Atomic Share Price Performance Shareholder composition Institutional shareholders (January 2, 202
Slide 24: Experienced Board of mining and business executives
EXCELLENT CORPORATE STRUCTURE Experienced Board of mining and business executives Executive Director 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”
Slide 25: Strong management of mine development and uranium veterans
EXCELLENT CORPORATE STRUCTURE Strong management of mine development and uranium veterans Executives Operations Leaders Stephen G. Roman – Founder, Chairman, President and CEO Ibrahim Alisso, MSc Geology Country Manager, Niger Ex Director and VP Exploration of Denison Mines. Founded, managed and sold
Slide 26: Investment Case
IN CONCLUSION Investment Case Fully permitted Uranium Project Mine currently under development Established cash flowing zinc recycling operation Tight share structure, strong shareholder register Global Atomic…a new, emerging Uranium producer! 26
Slide 27: Contact
8 King St E, Suite 1700 Toronto, ON M5C 1B5 Tel: +1 416 368 3949 info@globalatomiccorp.com globalatomiccorp.com