February 27, 2015 11:54 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Global Atomic Fuels Corporation

Company Overview

Global Atomic Fuels Corporation engages in the exploration and development of uranium projects worldwide. Global Atomic Fuels Corporation was formerly known as Global Uranium Corp. and changed its name to Global Atomic Fuels Corporation in September 2009. The company was founded in 2005 and is based in Toronto, Canada.

8 King Street East

Suite 1700

Toronto, ON M5C 1B5

Canada

Founded in 2005

Phone:

416-368-3949

Fax:

416-368-5146

Key Executives for Global Atomic Fuels Corporation

Co-Founder, Chairman, Chief Executive Officer and President
Age: 61
Chief Financial Officer
Vice President of Operations
Chief Field Geologist
Vice President and Secretary
Compensation as of Fiscal Year 2014.

Global Atomic Fuels Corporation Key Developments

Global Atomic Fuels Corporation Reports Drillings Results from Dasa Project, Located in the Republic of Niger, West Africa

Global Atomic Fuels Corporation reported ongoing drill results from its Dasa Project, located in the Republic of Niger, West Africa. Recent drilling on the project returned exceptional results. Hole ASDH 256 intersected a mineralized intersection 350 meters thick. Based on the gamma probe, numerous sections of the hole were saturated, thus requiring chemical assays to determine the exact grade. Probing the 350 meter section returned a grade of 957 ppm including a 109 meter section grading 2,521 ppm at a 300 ppm cut-off, which also includes 40.5 meters at 3,185 ppm and 12.5 meters at 5,151 ppm at a 1,500 ppm cut-off. The core from hole ASDH 256 has been split with one half being sent to ALS labs in Vancouver for chemical assaying. Drilling is continuing with two drill rigs. The current drill program is designed to expand the Dasa resource and upgrade it to the Indicated Category to facilitate the completion of a Pre-feasibility Study (PFS).

Global Atomic Fuels Corporation Provides Update on its Dasa Uranium Project Located in the Tim Mersoi Basin, Republic of Niger

Global Atomic Fuels Corporation announced the latest resource update on its Dasa Uranium Project located in the Tim Mersoi Basin, Republic of Niger. The previously released figures generated by SRK Consulting used data obtained solely from gamma probe information. The current calculation, using the SRK block model parameters, incorporates the diamond drill hole "chemical assays", as well as an updated "K factor" or "conversion factor" that converts the gamma probe data to an "Equivalent U(3) O(8) " (eU(3) O(8)) grade. The updated "K factor" was calculated by Mélabar Geoconsulting, based in Paris, France who has over 30 years experience in Niger's Tim Mersoi uranium basin. Core drilling has been done on approximately 40% of the current Dasa resource and it is expected that the overall tonnage and grade will continue to improve when further core drilling is completed as Global Atomic upgrades the resource to the Measured and Indicated category. The highlights below summarize Global Atomic's findings after including the updated "K factor" and assay data: High grade trend along strike bounded by the graben faults defined by recently completed IP survey; Areas currently drilled with core holes and assayed, yielded > 20% grade increase in the Deep East block; SRK gamma probe 100 ppm cutoff Block Model Quantities and Grade: 114 million pounds at the rate 636 ppm; SRK cut off grade of 600 ppm generated an underground Inferred Resource of 76.8 million pounds at the rate of 1,797 ppm; Global Atomic revised Block Model at 100 ppm cut off generated a resource of 168 million pounds at the rate of 575 ppm; At a 600 ppm cut off (used for underground Inferred Resource) contains: 115 million pounds at the rate of 1,828 ppm; At 1,000 ppm cut off underground Inferred Resource contains: 95 million pounds at the rate of 2,554 ppm; At 1,500 ppm cut off underground Inferred Resource contains: 77 million pounds at the rate of 3,420 ppm.

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