Global Atomic set to break ground on $208m Niger uranium project in 2022

Map: Global Atomic

Global Atomic Corporation recently announced today the results of the Phase 1 Dasa Project Feasibility Study for the Company’s Dasa Uranium Project in the Republic of Niger.

The Study confirms that the Project is economically compelling, even at a price of $35 per pound U3O8. 

The Canadian mining firm plans to start underground development at the project in April 2022, with the processing plant expected to be commissioned by the end of 2024.

The Dasa Project is located in Niger’s Tim Mersoï Basin, which has successfully produced uranium for export to France, the United States and other countries for 50 years, contributing to Niger’s status as the 5th largest exporter of U3O8 for use in nuclear power plants.