TORONTO, May 10, 2021 /CNW/ - Global Atomic
Corporation ("Global Atomic" or the "Company") (TSX: GLO)
(Frankfurt: G12) (OTCQX: GLATF) is pleased to announce the
appointment of Dean Chambers, P.Eng,
ICD.D to the Company's Board of Directors effective
immediately.
Mr. Chambers is a professional engineer and financial executive
with extensive operational, financial, M&A, capital project,
and project finance experience. His career as a senior
executive in the mining and chemical industries includes
progressive positions with The Dow Chemical Company, Falconbridge
Limited, Dynatec Corporation and Sherritt International. At the
time of his retirement from Sherritt in 2017, Mr. Chambers held the
position of Executive Vice President and CFO. He currently serves
as an independent director on the Boards of Clean Air Metals and
Mountain Province Diamonds. Previously, he served as an
independent director and chair of the audit committee on the Board
of North American Palladium. Mr. Chambers holds the ICD.D
designation from the Institute of Corporate Directors. He also
serves on the Industrial Advisory Committee for the Engineering and
Management program at McMaster
University.
Stephen G. Roman, Chairman,
President and CEO of Global Atomic said, "During his extensive
career in the mining and chemical industries, Dean Chambers led numerous large capital
market, M&A, and project finance transactions. His
wealth of experience in this area is a welcome addition to our
Board as we complete the feasibility study for the Dasa Project and
arrange project financing to begin construction early next
year. His financial expertise will be a valued addition
to our Audit Committee."
In joining Global Atomic Board of Directors, Mr. Chambers
commented, "I am excited by this opportunity to join the Global
Atomic team. It is impressive how management has
structured the Company and the Dasa Project and it is a privilege
to join them at this early stage of such a long-life asset. I
look forward to contributing to Global Atomic's success as it
continues to meet the critical development milestones to bring Dasa
into production."
About Global Atomic
Global Atomic Corporation
(www.globalatomiccorp.com) is a publicly listed company that
provides a unique combination of high-grade uranium mine
development and cash-flowing zinc concentrate production.
The Company's Uranium Division includes four deposits with the
flagship project being the large, highgrade Dasa Project,
discovered in 2010 by Global Atomic geologists through grassroots
field exploration. With the issuance of the Dasa Mining Permit and
an Environmental Compliance Certificate by the Republic of
Niger, the Dasa Project is fully
permitted for commercial production. Final design in support of the
Company's Feasibility Study is on-going.
Global Atomics' Base Metals Division holds a 49% interest in the
Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates
a new, state of the art zinc production plant, located in
Iskenderun, Turkey. The plant
recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a
high-grade zinc oxide concentrate which is sold to zinc smelters
around the world. The Company's joint venture partner, Befesa Zinc
S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51%
interest in and is the operator of the BST Joint Venture. Befesa is
a market leader in EAFD recycling, with approximately 50% of the
European EAFD market and facilities located throughout Europe and Asia.
The information in this release may contain forward-looking
information under applicable securities laws. Forward-looking
information includes, but is not limited to, statements with
respect to completion of any financings; Global Atomics'
development potential and timetable of its operations, development
and exploration assets; Global Atomics' ability to raise additional
funds necessary; the future price of uranium; the estimation of
mineral reserves and resources; conclusions of economic evaluation;
the realization of mineral reserve estimates; the timing and amount
of estimated future production, development and exploration; cost
of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; currency
exchange rates; government regulation of mining operations; and
environmental and permitting risks. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "is expected",
"estimates", variations of such words and phrases or
statements that certain actions, events or results "could",
"would", "might", "will be taken", "will begin", "will include",
"are expected", "occur" or "be achieved". All information
contained in this news release, other than statements of current or
historical fact, is forward-looking information.
Statements of forward-looking information are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Global Atomic to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to those risks described in the annual information form of
Global Atomic and in its public documents filed on SEDAR from time
to time.
Forward-looking statements are based on the opinions and
estimates of management at the date such statements are made.
Although management of Global Atomic has attempted to identify
important factors that could cause actual results to be materially
different from those forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance upon
forward-looking statements. Global Atomic does not undertake
to update any forward-looking statements, except in accordance with
applicable securities law. Readers should also review the
risks and uncertainties sections of Global Atomics' annual and
interim MD&As.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this news
release.
SOURCE Global Atomic Corporation