Mr. Stephen Roman reports

GLOBAL ATOMIC REPORTS ON THE ANNOUNCEMENT BY NIGER TO TERMINATE MILITARY COOPERATION WITH THE UNITED STATES

Global Atomic Corp. has noted that Niger intends to terminate its military co-operation agreement with the United States, which has a large military base in Niger. It remains unclear if a withdrawal of U.S. troops will be required by Niger, as the U.S. military base is used to patrol a larger section of the Sahel region beyond Niger's borders.

Stephen G. Roman, president and chief executive officer, commented: "With the situation in Niger being fluid, in addition to current advanced discussions with project lenders, the company is also pursuing other financing strategies to meet its project funding requirements. Given strong third party interest in Global Atomic's high-grade uranium project and our plans for near-term production, there are many groups interested in funding the Dasa project. The company will assess these options, monitor events in Niger and keep shareholders appraised."

About Global Atomic Corp.

Global Atomic is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The company's uranium division has identified three additional deposits in Niger additional to the large, high-grade Dasa project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of the Dasa mining permit and an environmental compliance certificate by Niger, the Dasa project is fully permitted for commercial production. Mine excavation began in the first quarter of 2022, and commissioning of the processing plant is expected at the end of 2025 (or the beginning of 2026).

Global Atomic's base metals division holds a 49-per-cent interest in the Befesa Silvermet Turkey SL (BST) joint venture, which operates a modern zinc production plant located in Iskenderun, Turkey. The plant recovers zinc from electric arc furnace dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The company's joint venture partner, Befesa Zinc SAU, holds a 51-per-cent interest in, and is the operator of, the BST joint venture. Befesa is a market leader in EAFD recycling, with approximately 50 per cent of the European EAFD market and facilities located throughout Europe, Asia and the United States.

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