{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Global Atomic (TSX:GLO) On-Track for 2026 Production in Niger Uranium Asset as Nuclear Demand Soars","html":"","width":"100%","height":180,"duration":1023,"description":"Interview with Stephen G. Roman, President & CEO of Global Atomic Corp.Our previous interview: https://www.cruxinvestor.com/posts/global-atomic-tsxvglo-ramping-up-operations-in-uranium-bull-market-4945Recording date: 3rd April 2024Global Atomic Corporation (TSX: GLO) is a uranium development company well-positioned to benefit from the improving fundamentals of the nuclear fuel market. Its flagship asset is the Dasa uranium project in Niger, which is fully permitted and on track to commence production in 2026, ahead of most peer projects.The company recently released an updated feasibility study for Dasa featuring significantly enhanced economics. The study incorporated a higher long-term uranium price of $75/lb (up from $65/lb) to reflect strengthening market dynamics. Key improvements include a longer 23.75-year mine life (from 12 years) and increased resources of over 50 million pounds U3O8 in the inferred category at an impressive average grade of 5,000ppm. The after-tax IRR now stands at 57% using current spot prices around $50/lb or 75% using a $90/lb price deck. Importantly, ongoing drilling continues to grow the already large, high-grade resource, with further upside potential to project economics.Despite recent political uncertainty in Niger, Global Atomic reports that on-the-ground operations remain on track. The company is mobilizing equipment and ramping up employment to over 500 workers in coming months. Notably, Niger's government and local communities are fully supportive of the Dasa project. Crucially, Global Atomic has already signed uranium supply contracts with western utilities, providing revenue visibility and limiting spot market exposure. The first deliveries under these contracts are scheduled for Q1 2026, aligning with the expected production start-up.The company is now focused on securing a comprehensive funding package to advance Dasa to production. Potential near-term catalysts include credit approval from its banking syndicate as early...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}