EDC expresses interest in financing Niger uranium project – Global Atomic
Toronto-listed Global Atomic said on Tuesday that it had received a letter of interest from Export Development Canada (EDC), confirming its interest in working with the company to finance the Dasa uranium project, in Niger.
EDC has indicated a potential participation, at typical bank rates, for a greenfield mining project of up to $75-million, to form the cornerstone of what is expected to be a syndicate of three banks.
Global Atomic said it would aim to complete the Dasa project financing arrangements in the fourth quarter.
CEO Stephen Roman commented that the company continued to move forward on developing and expanding the Dasa project.
He noted that recent drilling continued to enhance what was already the biggest, highest-grade uranium deposit under development in Africa.
Global Atomic broke ground on the Dasa project at the end of 2021 and aims to produce its first yellowcake for sale by January 2025.
The November 2021 feasibility study focused solely on Phase 1 of the Dasa project, primarily comprised of the Flank zone, and represents the initial 12 years of the project and less than 20% of the Dasa mineralisation. The Dasa project is forecast to produce 3.8-million pounds of uranium oxide, at an all-in sustaining cost of $21.93/lb.
The study delivered a net present value of C$157-million and an aftertax internal rate of return of 22.7%.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
