Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, FRANKFURT: G12) is pleased to announce its operating and financial results for the second quarter (“Q2 2019”) ended June 30, 2019.
Highlights:
- Global Atomic lists on TSX Main Board, May 8, 2019
- The Turkish EAFD processing plant in Iskenderun is undergoing hot commissioning. The kiln has been fired and EAFD will be fed to the kiln by August 18, 2019
- Approximately 20,000 tonnes of EAFD has been stockpiled in BST’s warehouse and will enable operations at full capacity for the balance of the year
- The new plant is expected to generate free cash flow on the re-start with enhanced profitability
- An updated Mineral Resource Estimate (“MRE”) was completed by CSA Global Pty. Ltd. (“CSA Global”) for the DASA Project, highlighting the following increase in Indicated and Inferred Resources:
- Indicated Resource Increases by 56% to 101.6 million pounds eU3O8 at 1,752 ppm
- Inferred Resource Increases by 81% to 87.6 million pounds eU3O8 at 1,781 ppm
- The DASA Deposit remains open along strike and down dip and further expansion drilling is recommended by CSA Global
Source: Global Atomic