Global Atomic ( (TSE:GLO) ) has issued an announcement.
Global Atomic Corporation announced its 2024 financial results, highlighting significant progress in the development of the Dasa Uranium Project. The company is actively pursuing financing options, including a debt facility with a U.S. Development Bank and potential joint venture partnerships, to cover the remaining capital costs. Despite logistical challenges, the project’s capital costs have only slightly increased, and the company is managing expenditures to avoid interim financing. The uranium market has seen fluctuating spot prices but steady long-term contract prices, with a positive outlook for future demand.
More about Global Atomic
Global Atomic Corporation operates in the uranium mining industry, focusing on the development of the Dasa Uranium Project in Niger. The company is engaged in uranium extraction and production, aiming to contribute significantly to the global energy supply with its carbon-free energy source.
YTD Price Performance: -36.29%
Average Trading Volume: 338,575
Technical Sentiment Signal: Buy
Current Market Cap: $120.7M
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