Global Atomic Fuels Corporation Corporate Update: June, 2012
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/05/12 -- Global Atomic Fuels Corporation ("Global Atomic" or "the Company") a private Ontario corporation, is pleased to present this June 2012 corporate update to shareholders and friends on its activities in the Republic of Niger, West Africa.
Highlights:
The recent deep drilling at the Dasa project is continuing in order to define the size and orientation of the mineralized zone. Additional drill rigs have been mobilized to accelerate the drilling.
"Global Atomic has been ramping up its exploration and deposit development efforts in Niger over the past year", stated Stephen G. Roman, Global Atomic's President & CEO. "We continue to drill our Dasa surface discovery in order to define a mineable resource that we can put into production over the next 24 to 36 months. With our new high grade, deep discovery, we have the potential to add significantly to the Company's overall uranium resources. In addition, exploration efforts are underway with dedicated drill rigs, in order to define new deposits and continue to build on Global Atomic's resource base which now stands in excess of 100 million pounds of U3O8" Mr. Roman said.
About Global Atomic Fuels Corporation
Global Atomic Fuels Corporation is a private Ontario corporation founded in January, 2005 by executives with extensive experience in the mining and marketing of uranium. The Company has exploration agreements covering six uranium concessions in the Republic of Niger, covering an area of approximately 3,000 km2, as well as owning a database consisting of numerous uranium exploration targets around the world collected over a 30 year period by a major Canadian uranium producer.
Current shares outstanding: 62,100,482 million
The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
Contacts:
Global Atomic Fuels Corporation
Stephen G. Roman
Chairman, President & CEO
(416) 368-3949
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Unternehmensinformation / Kurzprofil:
Datum: 05.06.2012 - 19:02 Uhr
Sprache: Deutsch
News-ID 153424
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Alternative Energy
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