Global Atomic Corporation
Global Atomic Corporation is a Canadian public mining company developing the high-grade Dasa uranium project in Niger and holding a 49% interest in a Turkish zinc-recycling joint venture, selling into U.S. and European nuclear utilities and global zinc smelters.
- Company typePublic
- Founded2005
- HeadquartersToronto, Canada
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Global Atomic Corporation does
Global Atomic Corporation is a Toronto-based, TSX-listed mineral resource company operating through two distinct divisions: a Uranium Division anchored by the Dasa Project in Niger and a Base Metals Division represented by a 49% interest in the Befesa Silvermet Turkey (BST) joint venture. The Uranium Division, operated through the 80%-owned SOMIDA subsidiary (with the Niger Government holding 20%), is developing what the company describes as the highest-grade uranium deposit in Africa — a sandstone-hosted underground mine in the Tim Mersoï Basin targeting 68.1 Mlbs of U3O8 production over a 23.75-year mine plan. Underground mine development began in November 2022, and the 2024 Feasibility Study projects an NPV8 of US$917 million and 57% after-tax IRR at a US$75/lb long-term price, with cash costs of US$19.02/lb and all-in sustaining costs of US$22.13/lb. The company has secured off-take agreements for 8.8 Mlbs of U3O8 across the first seven years of operation, with approximately 90% directed to U.S. nuclear utilities and the remainder to a European nuclear utility counterparty; uranium marketing is conducted via Fuel Link Limited in the United Kingdom.
The Base Metals Division is a non-operated 49% interest in BST, a Turkish joint venture with Befesa Zinc S.A.U. (51%, operator) that runs a modern Electric Arc Furnace Dust (EAFD) recycling plant in Iskenderun using the Waelz kiln process to produce 65-70% zinc oxide concentrate for global smelters at a capacity of 110,000 tonnes per annum. The JV generated $9.5 million of EBITDA in 2025 (up from $6.3 million in 2024) and resumed dividend distributions, providing cash flow during the uranium development phase. Global Atomic's direct corporate revenue today is limited to management fees and sales commissions from BST (approximately $1.1 million in 2025), and the company is pre-production for uranium. From 2023 through early 2026, the company executed a sustained series of equity financings totaling more than C$330 million to fund Dasa development, supplemented by engagement with a U.S. development bank for project debt. A proposed class action was filed against the company and its CEO in the Ontario Superior Court of Justice in February 2026, which the company has stated it intends to defend vigorously.
Global Atomic Corporation firmographics
Firmographics- Name
- Global Atomic Corporation
- Legal name
- Global Atomic Corporation
- Website
- https://globalatomiccorp.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Global Atomic Corporation is a Canadian public mining company developing the high-grade Dasa uranium project in Niger and holding a 49% interest in a Turkish zinc-recycling joint venture, selling into U.S. and European nuclear utilities and global zinc smelters.
- Ownership category
- akta.pro rank
Global Atomic Corporation industry classification
Industry- Product category
- Uranium and Zinc Mineral Production
- NAICS
- Nonferrous Metal (except Aluminum) Smelting and Refining (33141)
- SIC
- Metal Mining (1000), Secondary Smelting & Refining Of Nonferrous Metals (3341)
- akta.pro primary industry
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)
- akta.pro secondary industries
- Uranium Exploration & Resource Development (EUAKACAA), Fuel Cycle Support Services (Engineering, licensing support, conversion/enrichment contracting) (EUAKACAL)
Keywords
Where Global Atomic Corporation is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Global Atomic Corporation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Uranium Sales (Yellowcake): Global Atomic generates revenue from selling uranium concentrate (yellowcake U3O8) produced at the Dasa Project in Niger. The company has entered into off-take agreements for 8.8 Mlbs U3O8 over the first seven years of mine operation. Production is expected to reach 68.1 Mlbs U3O8 over a 23-year mine plan. Uranium is sold to nuclear power utilities, primarily in the United States.
- Zinc Concentrate Sales: The Turkish joint venture (Befesa Silvermet Turkey) processes Electric Arc Furnace Dust (EAFD) to produce zinc oxide concentrate sold to zinc smelters around the world. The plant has capacity to process 110Ktpa of EAFD, producing 50-60 Mlbpa of payable zinc concentrate.
- Management Fees and Sales Commissions: Global Atomic receives management fees and monthly sales commissions from the Turkish JV, contributing to corporate revenue. In 2025, these fees totaled $1.1 million.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Uranium pricing based on market rates |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Global Atomic Corporation product offering
Product offeringCore offering
Global Atomic Corporation is a Canadian mining company that produces uranium concentrate (yellowcake U3O8) from its high-grade Dasa Project in Niger through its 80%-owned SOMIDA subsidiary, and recovers zinc oxide concentrate from Electric Arc Furnace Dust (EAFD) through its 49%-owned Befesa Silvermet Turkey joint venture in Iskenderun. The company sells uranium to nuclear power utilities under multi-year off-take agreements and zinc concentrate to zinc smelters worldwide.
Product overview
Global Atomic Corporation operates two distinct business divisions: a Uranium Division and a Base Metals Division. The Uranium Division centers on the development and eventual operation of the Dasa Project, a fully permitted, large, high-grade uranium mine in Niger, through its 80%-owned subsidiary SOMIDA, producing yellowcake for nuclear utilities under long-term off-take agreements. The Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey (BST) joint venture, operated by Befesa Zinc S.A.U., which recycles electric arc furnace dust into zinc oxide concentrate at a plant in Iskenderun, Türkiye, generating cash flow. Uranium marketing is handled via an agreement with Fuel Link Limited. There are no software products, APIs, or AI-powered features.
Differentiator
Problem solved
Functional benefit
Products and services
- Dasa Project Uranium (U3O8 / Yellowcake) Underground sandstone-hosted uranium mine development in the Tim Mersoï Basin of Niger, producing uranium concentrate (yellowcake U3O8) via mining and a processing plant. Operated by SOMIDA (80% Global Atomic, 20% Niger Government). Plan covers 68.1 million pounds U3O8 over 23.75 years at cash costs of US$19.02/lb. Sold to nuclear power utilities globally under long-term off-take agreements (90% to U.S. utilities).
- Befesa Silvermet Turkey (BST) Zinc Oxide Concentrate
Quantifiable outcome
- NPV8 of US$917 million at US$75/lb U3O8
- +5 more outcomes
Companies that use Global Atomic Corporation
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Global Atomic Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Global Atomic Corporation partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, major and minor.
- SOMIDA (Société Minière de Dasa S.A.)coreSOMIDA is the Niger-based mining subsidiary through which Global Atomic operates the Dasa Project. Owned 80% by Global Atomic and 20% by the Niger Government (10% free-carry per Niger Mining Code and 10% on fully-paid basis covering 10% of project costs). SOMIDA received the Dasa Mining Permit in December 2020 and is the entity conducting active underground mining since 2022.
- Befesa Silvermet Turkey (BST) Joint VenturecoreBST is a joint venture between Global Atomic (49%) and Befesa Zinc S.A.U. (51%, operator). The JV operates a modern zinc recycling plant in Iskenderun, Türkiye, processing Electric Arc Furnace Dust (EAFD) to produce zinc oxide concentrate. Befesa is a world leader in EAFD recycling with approximately 50% of the European market.
- Fuel Link LimitedcoreFuel Link Limited of the United Kingdom provides uranium marketing services to Global Atomic Corporation, assisting with off-take negotiations and relationships with nuclear power utilities worldwide.
- Development Consultants Private Limited (DCPL)majorDCPL of Kolkata, India was engaged for basic and detailed engineering, procurement, and project management of the Dasa Mine processing plant.
- CMAC-ThyssenmajorCanadian mining contractor based in Val d'Or, Quebec engaged to collar the portal and begin underground mine development. Selected as contract miner for Dasa mine development with plans to transition to owner-operated mining after initial two years.
- Orano MiningminorSigned MOU in 2017 for Direct Shipping Ore (DSO) to nearby mills. Negotiations advanced for processing up to 500,000 tonnes of Dasa development ore at the Somair facility.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Global Atomic Corporation competitors and assessment
Company assessmentDirect peers
- Uranium Energy Corp: Largest U.S.-focused uranium ISR producer with assets in Texas and Wyoming. UEC is a relevant peer given its strategy of building a U.S. uranium production base to serve utility demand, paralleling Global Atomic's focus on the U.S. utility off-take market.
- Denison Mines Corp. Athabasca Basin-focused uranium developer with the high-grade Wheeler River project. Denison's ISR-based McClean Lake operation, Phoenix and Gryphon deposits, and project pipeline make it a direct comparable to Global Atomic in terms of project development stage, target customers, and off-take strategy.
- NexGen Energy Ltd. Canadian uranium developer advancing the high-grade Arrow deposit in the Athabasca Basin. NexGen is a direct peer in terms of project scale, high-grade underground uranium development, and stage of pre-production, and competes with Global Atomic for utility off-take agreements and equity capital.
- enCore Energy Corp. U.S.-focused uranium ISR developer and producer with operations in Texas and the southwest. enCore is comparable to Global Atomic as a uranium mid-cap growing production and contracting with U.S. nuclear utilities, providing a benchmark for ISR-versus-underground development economics.
- Paladin Energy Ltd. Australia-listed uranium producer restarting the Langer Heinrich mine in Namibia. Paladin is a relevant peer given its exposure to African uranium geopolitics, mid-cap project scale, and focus on securing utility off-take agreements during a uranium up-cycle.
- Yellow Cake plc: London-listed holding company that buys and holds physical uranium for long-term investors. Yellow Cake provides a comparable proxy for uranium market exposure, off-take and long-term contract pricing dynamics, and utility procurement behavior relevant to Global Atomic's Dasa sales strategy.
- Peninsula Energy Limited: Australia-listed uranium developer and ISR producer advancing the Lance Project in Wyoming. Peninsula is a similar mid-cap, project-stage peer pursuing long-term U.S. utility off-take and navigating uranium price volatility during project ramp-up.
- Energy Fuels Inc. U.S.-listed uranium and rare earths producer with conventional and ISR assets. Energy Fuels is comparable to Global Atomic as a uranium-focused mid-cap pursuing off-take agreements with U.S. utilities and leveraging rising nuclear demand to advance new project development.
Others
- Befesa S.A. European leader in EAFD recycling and Global Atomic's 51% joint venture partner in the Turkish zinc plant. Befesa is the most directly relevant comparability benchmark for the BST JV's economics, plant throughput, and zinc concentrate off-take dynamics, and is a strategic counterparty rather than a competitor.
Broad incumbents
- Cameco Corporation: The world's largest pure-play uranium producer, operating tier-one assets in Canada's Athabasca Basin and elsewhere. Cameco sets the benchmark for uranium off-take economics, uranium marketing capabilities, and uranium project development, making it the most important reference point for Global Atomic's Dasa Project.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Global Atomic Corporation social profiles
Digital presenceGlobal Atomic Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Global Atomic Corporation leadership team
Management profileNumber of profiles
Profiles7 records
Global Atomic Corporation subsidiaries and ownership
Company hierarchySubsidiaries3 records
Global Atomic Corporation funding detail
Funding detailFunding overview
Funding rounds10 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Global Atomic Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Global Atomic Corporation
What does Global Atomic Corporation do?
Global Atomic Corporation is a Canadian mining company that produces uranium concentrate (yellowcake U3O8) from its high-grade Dasa Project in Niger through its 80%-owned SOMIDA subsidiary, and recovers zinc oxide concentrate from Electric Arc Furnace Dust (EAFD) through its 49%-owned Befesa Silvermet Turkey joint venture in Iskenderun. The company sells uranium to nuclear power utilities under multi-year off-take agreements and zinc concentrate to zinc smelters worldwide.
Is Global Atomic Corporation a public or private company?
Global Atomic Corporation is a public company. It is classified as public and is currently operating.
When was Global Atomic Corporation founded?
Global Atomic Corporation was founded in 2005. It employs 251 to 500 people.
Where is Global Atomic Corporation based?
Global Atomic Corporation is headquartered in Toronto, Canada, in the North America region.
How does Global Atomic Corporation make money?
Three revenue lines are on record. Uranium Sales (Yellowcake) is the primary driver. The others are zinc Concentrate Sales and management Fees and Sales Commissions.
Who are Global Atomic Corporation's main competitors?
Direct peers on record are Uranium Energy Corp, Denison Mines Corp., NexGen Energy Ltd., enCore Energy Corp., Paladin Energy Ltd., Yellow Cake plc, Peninsula Energy Limited and Energy Fuels Inc.. Befesa S.A. is listed as an others. Cameco Corporation is listed as a broad incumbent.
Does Global Atomic Corporation have an API?
No public API is recorded for Global Atomic Corporation.
What industry is Global Atomic Corporation in?
Global Atomic Corporation's product category is Uranium and Zinc Mineral Production. Its primary akta.pro industry code is EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production), with a secondary code of EUAKACAA, Uranium Exploration & Resource Development. Its NAICS code is 33141 and its SIC code is 1000.