Global Atomic Corporation (TSE:GLO) has released an update.
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Global Atomic Corporation has substantially enhanced the prospects of its Dasa Project, with the updated 2024 Feasibility Study revealing a 50% rise in mineral reserves to 73 million pounds of U3O8 and a 55% increase in uranium production, extending the mine’s life to 23 years. Alongside these developments, the company has secured an off-take agreement, positioning it for a quicker payback period of 2.5 years and optimistic financial projections due to conservative estimates and additional inferred resources.
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