Global Atomic Corporation · TSX:GLO
Global Atomic — Investor Presentation (September 2021)
24 slides from Global Atomic's investor presentation, September 2021
Slide 1: Global Atomic Corporation
Global Atomic Corporation ADVANCING THE LARGE, HIGH-GRADE DASA URANIUM PROJECT IN THE REPUBLIC OF NIGER September 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: creating value and limiting dilution
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 1 – Flank Zone, initial 12 years Phase 2 – Future Mine Development Phase 3 – Surface Mineralization PHASE I DEFINES THE INITIAL 12-YEAR M
Slide 6: 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 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: Strong base case economics @ $35/lb that 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: The 2021 Feasibility Study is well advanced
THE DASA PROJECT IS COMPELLING The 2021 Feasibility Study is well advanced: Ø Completion of water boreholes and water pump tests of various aquifers Ø Filtration and settling tests to confirm the process flowsheet Ø Process plant engineering, including detailed process design, piping, instrumentatio
Slide 12: There are significant catalysts ahead every year leading to uranium production
THE DASA PROJECT IS COMPELLING There are significant catalysts ahead every year leading to uranium production 2024 • Commission plant • Commence 2023 Commercial • Advance ramping and Production underground development 2022 • Begin plant construction • Complete project financing • Break ground to beg
Slide 13: 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 14: 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 2005, the
Slide 15: 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 15
Slide 16: 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 17: Plant modernization expanded processing capacity to 110,000 tonnes of EAFD per year
CASH FLOW FROM ZINC RECYCLING UNDERPINS DASA PROJECT DEVELOPMENT The plant modernization completed in 2019 expanded its processing capacity to 110,000 tonnes of EAFD per year 80,000 $2.00 • In the first half of 2021, the plant processed 36,642 tonnes of EAFD, 70,000 $1.80 affected by scheduled maint
Slide 18: 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 • Ranger & Cominak ore depleted & closed • Exploration & development projects restrained by high costs & permitting • Downstream inventories exhausted • Spot
Slide 19: Market Capital/Resource of Uranium Development Companies
GLOBAL ATOMIC IS UNDERVALUED COMPARED TO ITS PEERS Market Capital/Resource of Uranium Development Companies $6 (US$/lb U3O8) $5 $4 $3 $2 $1 $0 GXU BMN UEX FSY DYL GLO FCU PDN LOT EU DML UEC NXE Zinc Uranium Source: Peer and Market data courtesy of Red Cloud Securities as of August 13, 2021. Global A
Slide 20: Tight share structure, dilution protected by cash flow
EXCELLENT CAPITAL STRUCTURE Tight share structure, dilution protected by cash flow C$510 M* C$3.15* 162.1 M Market Capitalization TSX Share Price Shares Issued * As of August 31, 2021 Shareholder composition Institutional shareholders include: Global Atomic Share Price Performance (approx.) APAC (Ja
Slide 21: Experienced Board of mining and business executives
EXCELLENT CORPORATE STRUCTURE Experienced Board of mining and business executives Executive Directors Independent Directors Stephen G. Roman – Founder, Chairman, President and CEO Trace Arlaud-- Non-executive Director Ex director of Denison Mines. Founded, managed and sold Gold Eagle Mines to An exp
Slide 22: Strong management of mine development and uranium veterans
EXCELLENT CORPORATE STRUCTURE Strong management of mine development and uranium veterans Executives Operations Leaders and Consultants Stephen G. Roman – Founder, Chairman, President and CEO Ibrahim Alisso, MSc Geology Ex director of Denison Mines. Founded, managed and sold Gold Eagle Mines to Count
Slide 23: 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 23
Slide 24: Contact
8 King St E, Suite 1700 Toronto, ON M5C 1B5 Tel: +1 416 368 3949 info@globalatomiccorp.com globalatomiccorp.com
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