Global Atomic Provides 2025 Summary and 2026 Outlook
"Our primary objective for 2026 is to obtain full funding for Dasa. With funding in place, we intend to accelerate Dasa's development to meet strengthening demand for uranium. We also expect our zinc recycling JV in Türkiye to perform well with dividends payable to the JV partners, Befesa and Global Atomic."
"We wish all our shareholders and families a Happy New Year and all the best for 2026."
The mine was extended both vertically and laterally. Mine development included infrastructure to manage ventilation, electrical, water and particularly safety to support the mining team. The heavily used access ramp has been paved down to the third level adjacent to the footwall of the ore body.
Site preparation for the processing plant has advanced significantly with earthworks complete on the majority of terraces and civil works progressing well across the site. All of this work has been achieved with the use of local contractors under the supervision of our local SOMIDA team.
The Q4 2025 video update on the development of the
Turkish Zinc Joint Venture
In 2025, at the JV's zinc recycling plant throughput of Electric Arc Furnace Dust ("EAFD") from local steel mills and sales of zinc concentrate to smelters have outpaced 2024's performance. Zinc prices have been improving through the year. The result has been the generation of positive cash flow sufficient to retire our new plant debt facility. In
URANIUM MARKET OUTLOOK
The industry outlook for uranium demand remains strong with an expectation that uranium prices will increase as demand outpaces supply. The pace of new nuclear plant construction together with increased demand for zero emission base load power and new AI applications will drive a significant supply deficit in the global uranium market. The
Last month, the
- Global nuclear capacity doubling by 2050 with potential to reach as high as 992 GW(e).
- Currently 416 nuclear reactors are in operation around the world providing 376 GW(e) of capacity.
- 63 Reactors are under construction, which could add over 66 GW(e) of capacity, demonstrating that many countries are investing in nuclear energy to meet growing electricity needs and zero emission base load power.
- More new nuclear plants are being connected to the Grid.
- More countries, such as
Egypt and Türkiye, are entering the nuclear scene. - Non-electric uses of nuclear energy are growing, including heating and desalination with
China andRussia leading in these non-electric applications.
In addition, orders for small modular reactors (SMRs) are increasing and the life of existing reactors are being extended, particularly in the US and
While uranium trades are primarily made to fulfill long-term contracts, spot pricing is more transparent and used as a leading indicator by many investors. As 2025 ends, we've also seen a rise in the uranium spot price, now back above
About Global Atomic
The Company's Uranium Division is currently developing the fully permitted, large, high grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The "First Blast Ceremony" occurred on November 5, 2022, and the date of commissioning is currently estimated as H2 2027. Global Atomic has also identified 3 additional uranium deposits in
Global Atomic's Base Metals Division holds a 49% interest in the
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
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.
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