President and CEO of Global Atomic,
The renewed exploration permits cover an area of 730 square kilometres on the following six Exploration Permit Areas:
- Adrar Emoles 3 (AE3), 121.2 km2
- Adrar Emoles 4 (AE4), 122.4 km2
- Tin Negoran 1, 119.7 km2
- Tin Negoran 2, 122.1 km2
- Tin Negoran 3, 124.3 km2
- Tin Negoran 4, 120.1 km2
With the discovery of the
There also exists a geological prospect within AE3 known as Dajy where historical drilling encountered prospective widths and grades within the Tarat stratigraphic unit, the same geological structure that hosts
The Tin Negoran Exploration Permits have been the target of over 22,000 metres of drilling by Global Atomic. Areas of extensive outcropping and near-surface mineralization will be further tested to determine the potential for open pit mining. The Tin Negoran Exploration Permits are within 100 kilometres of the AE3 concession, which would enable Global Atomic to use the planned
In separate news, Global Atomic is pleased to announce it won the 24th position on the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market in 2020. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year.
About Global Atomic
The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade
Global Atomics' Base Metals Division holds a 49% interest in the
The information in this news 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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