Global Atomic : Corporate Presentation - April 2025

Published: 2025-04-01 11:40:07 ET GLO.TO

GLOBAL ATOMIC CORPORATION

Advancing the Dasa Uranium Project in the Republic of Niger

Corporate Presentation

APRIL 2025

URANIUM

Republic of Niger

Uranium will fuel the global reactor fleet to generate clean baseload power.

ZINC RECYCLING

Iskenderun, Türkiye

Zinc concentrate produced by recycling Electric Arc Furnace Dust (EAFD), is a key component in this region's circular economy.

LOW-CARBON BASELOAD POWER & MINERAL RECYCLING

3

DASA PROJECT AT A GLANCE

Mining: ramp to orebody completed; level development underway

Plant Construction: Earthworks nearing completion, civil works underway and concrete batch plant in construction

Financing: project financing well advanced and progressing

Off-takes: 4 uranium agreements signed, 3 with U.S. utilities

Permits & Team: mining permits secured; operating team engaged

2024 Feasibility Study: 68.1 Mlb U3O8 to be produced over 23 years

Grade: highest grade outside of the Athabasca Basin

Commissioning H1 2026: mine development, infrastructure & plant construction ongoing

ESG: EP4 & IFC Performance Standards; audited by development bank

6

May 2023 Revised Estimate

Cut-Off

Category

100

Indicated

103.6

803

183.5

Inferred

71.0

636

99.5

320

Indicated

44.9

1,602

158.5

Inferred

25.4

1,435

80.4

1,200

Indicated

12.6

4,201

117.1

Inferred

5.9

4,320

56.1

1,500

Indicated

10.1

4,926

109.6

Inferred

4.4

5,349

51.4

2,500

Indicated

5.7

7,258

91.0

Inferred

2.4

8,211

43.2

10,000

Indicated

0.9

22,185

43.5

Inferred

0.6

18,362

25.3

Tonnes(Mt)

COMPARATIVE GRADE / TONNAGE REPORT AT

VARYING CUT-OFF GRADES

Uranium

Content eU 3O8 (ppm)

Contained Uranium eU 3O8 Mlbs

2023 MINERAL RESOURCE ESTIMATE

Q1 2024 Feasibility Study defines a 23-year Dasa mine plan, Mineral Reserves of 73.0 Mlb U3O8, and uranium production of 68.1 Mlb U3O8

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2024 FEASIBILITY STUDY HIGHLIGHTS

Production: 68.1 Mlb U3O8 over 23 years

Reserve Grade: 4,113 ppm; 5,109 ppm in the first 12 yearsYellowcake deliveries are scheduled to begin Q1 2026

Feasibility Study assumed a base U3O8 price of $75/lb

Dasa Project Economic sensitivity with varying uranium prices (USD)

Uranium Price ($/lb)

$60

$75

$90

$105

Before-tax NPV8%

$656 M

$1,122 M

$1,572 M

$2,022 M

After-tax NPV8%

$551 M

$917 M

$1,269 M

$1,621 M

After-tax IRR

38.2%

57.0%

74.8%

92.9%

VALUE OPPORTUNITIES

• Infill drilling of 51.4 Mlb high-grade (5,349 ppm) Inferred Resources is expected to increase reserve grade and add mineable pounds U3O8.

• Grade control and definition drilling is underway from underground and surface.

• A PFS is planned early in the mine plan to evaluate increasing mill throughput from 1,000 to 2,000 tpd and add mineable reserves.

2024 FEASIBILITY STUDY ESTIMATED PRODUCTION

6

5

MillionslbsU 3O8

4

3

2

1

0

2025

2026

2033

2027

2028

2029

2030

Source: Dasa 2024 Feasibility Study

2024 Feasibility Study Inferred Resources

2031

2032

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

PROJECT FINANCING

• Financing options via a debt facility from a development bank or via a minority joint venture for the construction of the processing plant are well advanced and progressing.

• The equity portion of the project financing has been mostly satisfied by the Company's investment since 2021 and cash on hand.

2024 FEASIBILITY STUDY - ESTIMATED CAPITAL COSTS

Capital Costs(1) (USD)

Initial Capital (2) ($million)

Sustaining

Capital ($million)

Total ($million)

Mining

58.8

218.7

277.5

Processing

83.2

38.9

122.1

Infrastructure

68.2

5.2

73.4

Total Direct Capital Costs

210.2

262.8

473

Indirect & Owner's Cost

60.9

30

90.9

Total Direct and Indirect Capital Costs

271.1

292.8

563.9

Contingency (3)

37.2

29.9

67.1

Reclamation

0

15.9

15.9

Total Capital Costs

308.3

338.6

646.9

(1) Due to rounding, some columns may not total exactly as shown

(2) Initial capital is net of $67.2 million already spent to December 31, 2023, and before financing and corporate overhead charges

(3) The contingency provision included in the initial capital cost estimate includes $7.9 million for mining. The contingency provision for sustaining capital costs is $29.9 million relating entirely to mining.

Disclaimer

Global Atomic Corporation published this content on April 01, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 01, 2025 at 15:39 UTC.