Global Atomic Corp. (TSX:GLO)
https://cdn-ceo-ca.s3.amazonaws.com/1jc97hk-20240819-GLO-Update.pdf
This letter confirms the support for the project that management has reported after several meetings with the Government.
"A copy of the letter was sent to ANPIPS, the national agency in charge of strategic investment projects, suggesting that Dasa is considered a strategic investment for Niger. This letter comes at a critical juncture as Global continues to wait for lender approval committee sign off, and final
approval by its Board of Directors, as Global seeks funding for its Dasa uranium process plant. Uncertainty has weighed on the stock, sporadically since the coup in 2023, although it has been business as usual for Global. The underground mine has already been well advanced with development ore already being stockpiled on surface (read note).
We anticipate that Dasa remains on track for start-up in late-2025 with commercial production in early-2026. It recently completed an oversubscribed equity raise to keep moving the project forward and tide it over until its debt financing is announced"