Dasa uranium project, Niger – update

Aerial view of Dasa uranium operation

Photo by Global Atomic Corporation

12th May 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor


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Name of the Project
Dasa uranium project.

Tim Mersoï basin, Niger.

Project Owner/s
Global Atomic Corporation.

Project Description
A 2021 feasibility study, focusing solely on Phase 1, has confirmed the project as economically compelling, even at $35/lb of uranium.

Phase 1 will have a 12-year mine schedule at a production throughput of 1 000 t/d to produce 45.4-million pounds of uranium.

The project has a maiden reserve of 4.1-million tonnes grading 5 267 parts per million for a total of 47.2-million pounds of uranium.

The project will use operationally proven uranium-processing techniques comprising dry semiautogenous grinding and classification, pug-leaching and curing, a uranium extraction circuit (repulping and solid/liquid separation), a uranium purification and precipitation circuit, as well as drying and packaging.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $157-million and an internal rate of return of 22.7%, with a payback of five years.

Capital Expenditure
$208-million, including a 10% contingency.

Planned Start/End Date
Global Atomic broke ground on the Dasa project at the end of 2021 and aims to produce its first yellowcake for sale by January 2025.

Latest Developments
Global Atomic has formalised its June 2022 letter of intent by signing a definite agreement with a major North American utility for the procurement of uranium from the Dasa project.

The agreement represents the supply of up to 2.1-million pounds uranium within a multiyear delivery window starting in 2025, representing about 7% of Dasa's yearly production over the period and with a revenue potential of more than $110-million in real terms. 

Global Atomic formalised a similar agreement with another major North American utility for the procurement of Dasa's uranium earlier this year, representing the supply of 2.4-million pounds of uranium over a six-year period starting in 2025, representing a revenue potential of $140-million in real terms. 

These two agreements represent revenue potential of more than $250-million.

Global Atomic is actively in discussions with other utilities for similar agreements with the preproduction intent of signing sufficient volume to cover Dasa's cost of production.

Key Contracts, Suppliers and Consultants
CMAC-Thyssen Mining (collaring the portal and underground mine development).

Contact Details for Project Information
Global Atomic Corporation, tel +1 416368 3949 or email

Edited by Creamer Media Reporter




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