July 23, 2016 8:27 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. The company was formerly known as Global Uranium Corp. and changed its name to Global Atomic Fuels Corporation in September 2009. Global Atomic Fuels Corporation 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: 63
Chief Financial Officer
Vice President of Operations
Chief Field Geologist
Vice President and Secretary
Compensation as of Fiscal Year 2016.

Global Atomic Fuels Corporation Key Developments

Global Atomic Fuels Corporation Receives Initial Chemical Assays from Latest Drilling at Dasa Uranium Project

Global Atomic Fuels Corporation reported the first batch of chemical (XRF) assays received from the recently completed drilling from the Dasa uranium deposit, Republic of Niger, West Africa. Drill hole ASDH 256 which cut a spectacular 350 meter mineralized intersection has been split with large sections sent to ALS Laboratories in Vancouver for chemical assay. A gamma probe was used for the initial assessment of the mineralized section. The higher grade areas were chosen for assay. Mineralization commenced at 356 m depth to 706 m. When all the assays are received from the last drill campaign, the results will be added to the current DASA database. It is the company's intention to complete the required drilling to move the current DASA resource to the "Indicated" category as well as continue drilling on strike and at depth to expand the resource.

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).

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 19, 2016
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