Global Atomic Announces Q1 2026 Results

• Global Atomic reported Q1 2026 operating and financial results on May 13, 2026.
• Cash balance increased significantly to $59.1 million as of March 31, 2026, up from $13.1 million in December 2025.
• Dasa Uranium Project underground development reached the 4th level; process plant major components nearing completion with commissioning scheduled for Q4 2027.
• First Yellowcake shipments expected in H1 2028, subject to project financing.
• Turkish Zinc Joint Venture (Befesa Silvermet Turkey) showed strong performance: EBITDA share of $3.6 million vs $1.5 million in Q1 2025; net income share of $2.1 million vs $0.3 million.
• Company actively pursuing non-equity financing solutions including U.S. Development Bank debt and potential joint venture partnerships for remaining capital requirements.
• Uranium spot prices ranged from US$82 to US$101 per pound in Q1 2026; long-term contracts maintained at approximately US$90 per pound.

• The cash position of $59.1 million materially de-risks the company's immediate liquidity profile compared to previous quarters, reducing the urgency for near-term equity dilution.
• Progress on Dasa mine development and plant construction is consistent with prior guidance (Q4 2027 commissioning, H1 2028 production), confirming no major delays but also not accelerating timelines.
• The Turkish Zinc JV performance provides a positive cash flow stream ($3.6M EBITDA share) that offsets some operational costs, though it is secondary to the uranium project valuation.
• The news does not introduce new strategic investors or confirm non-equity financing commitments; these remain in negotiation stages as per previous updates (Dec 2025/Jan 2026).
• Given the February 2026 financing ($72.5M) was already priced into the stock, this earnings release serves primarily as confirmation of capital deployment rather than a new catalyst.

• Company: Global Atomic Corporation focuses on uranium mining in Niger and zinc recycling in Turkey.
• Flagship Project: Dasa Uranium Project located in Niger, a greenfield underground mine with an associated process plant.
• Development Status: Underground development to 4th level complete; civil works and equipment procurement for processing plant advanced.
• Production Timeline: Commissioning Q4 2027; First Yellowcake H1 2028.
• Secondary Asset: Turkish Zinc Joint Venture (Befesa Silvermet Turkey) providing cash flow through zinc concentrate sales from Electric Arc Furnace Dust (EAFD).