$GLO / GLATF — Global Atomic & the Dasa Uranium Story

Hello! Been holding this since the stocks were diluted and fell to 0,4€ Here is the data overall: GLO (Canada) / OTCQX: GLATF (USA) As many of you may already know they are developing the Dasa high-grade uranium mine in Niger, they obtained full rights to use it and only 20% is owned by the government. 49% stake in a zinc recycling JV in Turkey that currently produces zinc concentrate and brings in some cash while uranium mine is being built. Apparently it's very high uranium grades (around 5,000 ppm on average), among the best globally. IRR \~57% (suggests strong returns if uranium prices hold) Underground access is now into the ore zone and being developed. Processing plant earthworks and civil works are advancing. Mining team has celebrated milestones like 1,000+ days without a lost-time injury. Zinc JV still kicking off cash flow, selling zinc concentrate and covering some costs. So far so good right? This is where the story gets real: The company still needs financing to complete Dasa — this has been a drag on sentiment for years. They’ve raised money through private placements and bought deals (e.g., \~C$37M in late 2025) to keep momentum going. A debt facility (\~US$295M) with a development finance institution is under review — approval delays are part of the current narrative. Without secured long-term financing, there’s always dilution, still the #1 risk This company has been able to navigate the tense environment in Niger, and even though some people speculated that production would be pushed to 2027 I believe they are trying to get things done ASAP to avoid geopolitical issues. Happy to hear your thoughts on this!