• Global Atomic in talks for minority joint venture deal on Dasa uranium project
• $295 million loan under negotiation with a U.S. development bank
• Private placement launched to raise about $22 million for early site work

Canadian mining company Global Atomic is in talks with an undisclosed partner for a joint venture on its Dasa uranium project in Niger. In a statement released Tuesday, June 17, the company confirmed that discussions are focused on terms for a potential minority stake acquisition.

Global Atomic owns 80% of the Dasa project, with the Nigerien state holding the remaining 20%. The company had previously identified a joint venture arrangement as one option to help finance construction of the planned mine. A new partner is expected to bring in additional equity, complementing a $295 million loan facility currently under negotiation with a U.S. development bank.

The company aims to fully finance the development of the project, assuming the loan would cover 60% of the total cost. However, both the equity deal and the loan are still under negotiation, and their outcomes remain uncertain.

The Dasa project targets production of 68.1 million pounds of uranium over 23 years, with operations scheduled to begin in 2026. In parallel, Global Atomic has launched a private placement to raise 30 million Canadian dollars (about $22 million) to fund preliminary work already underway at the site.