Advanced Uranium Exploration & Development Projects in Niger, West Africa

Advanced Uranium Exploration & Development Projects in Niger, West Africa

Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London, UK

2

Global Atomic - Who we Are

Typical landscape in the Tim Mersoi Basin


Global Atomic is a private, Canadian company, actively engaged in the exploration and development of uranium deposits in Niger, West Africa

Incorporated in January, 2005, by former executives of Denison Mines Limited, one of the world’s premiere uranium companies

Since signing its permit agreements in 2007, Global Atomic has worked diligently to unlock the uranium potential in the Tim Mersoi basin, near Agadez

3


Global Atomic, by agreement with the Republic of Niger has a 90% interest, Niger has a 10% carried interest in:

• four contiguous uranium permits - Tin-Negouran 1, 2, 3 and 4 (the “TN Permits”); and

• two contiguous uranium permits known as Adrar Emoles 3 and 4 (the “AE Permits”).

4


The six permits cover an area of approximately 3,000 square kilometres in the Tim Mersoi Basin

The Tim Mersoi Basin is one of the world’s largest uranium basins and hosts all currently known uranium deposits in Niger

Proven potential for large, “elephant size”, deposits are a reality…eg. Areva’s Imouraren deposit of over 300 million pounds of uranium oxide (U3O8)

5

6

Global Atomic – Our Projects

Adrar Emoles 3 Permit Dajy Area• Dasa open pit• Dasa/Dajy underground

Adrar Emoles 4 Permit Isakanan

• Underground/In situ leaching• Isakanan channel

Tin Negouran 1 – 4 Permits• Tagadamat open pit• Tegama channel – large paleo channel defined by

drilling• Akenzigi – surface exploration

77

Global Atomic – Our Projects

Dasa 1, 2, 3

3D Wireframe Model Dasa 1,2 and 3

8

Dasa 3 Block Model

9

10

New Discovery...Dasa Deeps

Discovery in the Graben at Dasa 3

Recent drilling:

• ASDH 248: from 256 to 281 m – 2092 ppm over 25 m

• ASDH 254: from 307 to 350 m – 717 ppm over 43 mincluding: from 315 to 335 m – 1182 ppm over 20 m

• ASDH 307: from 437 to 467 m – 3486 ppm over 30 m

Drilling will continue to explore this new discovery with an initial resource estimate anticipated by year end 2012

Global Atomic - Our Goals

Build a world class uranium mining company through:

• Development of the TN and AE Properties; and• Acquisition of additional uranium projects in Niger and

elsewhere in the world

Upon completion of a feasibility study in March 2013, Global Atomic plans to construct its first mine at Dajy/Dasa, with construction scheduled to begin in 2014

• Targeting a 2 million pound annual capacity ramping up to 5 million pounds per annum by 2020

Additional deposits such as Isakanan, currently being drilled, will enter the construction and development phase after Dajy/Dasa

11

Global Atomic - Our Goals

Direct employment for up to 500 people at the first mine site with indirect employment for between 3,500 and 4,000 people in Niger, in supporting roles including construction and suppliers

$300 million investment to build the first mine and facilities

Rank in the top 10 uranium companies globally once at full capacity and the second largest producer in Niger

12

Global Atomic - Our Experience

Experienced management team - highly qualified uranium mining professionals with a strong mix of exploration, development and financing expertise

Experienced Board of Directors including Geologists, Mining Engineers and Financial Professionals

Experienced team of technical advisors with extensive background in the development, mining and marketing of uranium

13

14

Key ManagementStephen G. Roman Chairman, President & CEO

• Entrepreneur and financier with over 30 years experience in the resource sector; father, Stephen B. Roman, founded Denison Mines Limited, one of the world’s largest uranium mining companies

• Former senior officer at Denison Mines and Founder and Co-Chairman of Gold Eagle Mines Ltd. which was sold to Goldcorp for $1.5 billion

• Extensive director-level public mining company experience

Fergus P. Kerr Vice President, Operations

• Mining engineer and uranium specialist, Royal School of Mines, UK• More than 35 years of mining industry experience, including GM at

Denison Elliot Lake uranium mine and Mine Manager at Inco’s Sudbury operations

George A. Flach Vice President, Exploration & Director

• Professional geologist with 25 years experience, particularly in Africa• Number of discoveries to his credit, including the Father Brown deposit

(Golden Star) and 20Moz Tarkwa deposit (Gold Fields)

Ibrahim AlissoNiger Country Manager

• Geologist with 20 years experience at the Niger Ministry of Mines• Manager of Exploration Projects and Director of the Geological

Research Department

Rein A. Lehari CFO

• Chartered Accountant and former PriceWaterhouse partner• Primary focus over career on mining and real estate• Involvement with numerous international mining companies

Timothy N. CampbellVice President & Secretary

• 20 years experience in corporate finance, regulatory affairs, operations management of junior resource and other publicly listed companies

George DavisController

• Chartered Accountant• 5 years with PriceWaterhouseCoopers as part of mining audit practice

Amido BoukariGeologist/Niger team

• 25 years uranium exploration experience in Tim Mersoi Basin • 10 years with the Power Nuclear Company of Japan

15

Board of Directors

Stephen G. Roman, B.A.Chairman, President & CEO

• As previous slide

George A. Flach, P.Geo.Vice President, Exploration & Director

• As previous slide

Peter J.M. Hooper, P.Eng., P.Geo.Director

• Senior mining engineer and geologist; former senior officer of Dynatec Mining Limited

• Principal of Hooper Mining Services • President and CEO of Macusani Yellowcake and Kilo Goldmines

Derek C. Rance, P.Eng., MBADirector

• Chairman and Senior Associate of Behre Dolbear & Company Ltd., a consulting company providing assistance to the mineral industry

• Formerly President and COO of the Iron Ore Company of Canada

Andrew C. Rickaby, B.Sc.Director

• Former Vice President of Mining Operations at Denison Mines Limited• Over 40 years uranium mining industry experience in Canada, USA and

Kazakhstan

H. Douglas Scharf, C.A.Director

• Chartered Accountant with 30 years of experience in mining• Former senior executive with numerous mining companies including

HudBay, Southern Cross (Uranium One), Inmet and Placer Dome

Global Atomic - Our International Team

Global Atomic retains international service providers to support the development of the Company’s projects in Niger

These include:

• SRK, geology, ore reserves, block modelling• SGS, Lakefield, metallurgy• Hatch, flow sheet design, milling options• INNOVAT, milling options• ORTECH, process design, milling options• MINTEK, heap leach test work• Fugro Geophysical Services, airborne geophysics• SDV/Bollore, shipping and logistics• Fasken Martineau LLP, legal and regulatory• WeirFoulds LLP, legal and regulatory • PricewaterhouseCoopers, accounting and audit

16

17

Global Atomic - Our Niger Team

Global Atomic retains many local service providers to support the development of the Company’s projects in Niger

These include:

• Esafor, drill contractors• Foraco, drill contractors• Enysa, drill contractors• Cogeico-Niger, road building and civil works contractors• Legeni, drilling and laboratory testing• Art et Génie, environmental, including EBS and EIS• Sahel Lab, sample preparation and radiation

surveys/monitoring

Global Atomic - Governance and CSR

Global Atomic is committed to good governance and the ongoing development of a strong Corporate Social Responsibility (CSR) profile

Global Atomic’s Health, Safety and Environmental Statement reflects the Company’s adherence to best practices in radiation protection, safety, environmental responsibility and sustainability as well as working with the communities in which it operates

18

Global Atomic - Governance and CSR

Global Atomic is in the process of further developing leading CSR policies and procedures:

• areas such as community development, crisis relief, food aid, anti-bribery and corruption

• ensure company practices meet and exceed international standards

Global Atomic is committed to being on the forefront of developments for CSR in Niger as it continues to grow as a company

19

20

Good Corporate Citizen

In excess of $20 million spent on exploration in Niger over the last 5 years through thick and thin - continued to work while others stopped

Currently employing over 200 people and utilizing many local service companies including drilling companies, labs, road building contractors, etc.

Provide sustained community support through food donations, water wells and medical support

Republic of Niger - Land of Opportunity

Niger is the fifth largest uranium producing and exporting country in the world

Niger’s significant mineral endowment requires international investment and international partnerships to fully develop

Other natural resources include coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt and hydrocarbons

The Fraser Institute rankings (2011) show Niger as a mining friendly jurisdiction (ahead of Ghana, Peru and Canada’s Northwest Territories)

Niger has a high level of technical expertise available for exploration and mine development

Niger need not be poor!21


Development of uranium mines in Niger began in 1968

To date, the Government of Niger has granted approximately:

• 128 uranium exploration permits

• to over 30 companies from:

• Canada • France • United Kingdom • United States • South Africa • Russia • Australia• India• China

22


The political situation in Niger has stabilized

The new President, Mahamadou Issoufou• elected in March, 2011, in elections that were widely

perceived as fair, credible and peaceful.• Solid understanding of mining• National Director of Mines from 1980 to 1985 • Became Secretary-General of the Mining Company of

Niger

Niger became compliant with the Extractive Industries Transparency Initiative (EITI) in March, 2011.

23

Tim Mersoi Basin, one of the world’s largest uranium basins with “elephant size” deposit potential

Continuous, uninterrupted uranium mining for over 40 years

Niger 2010 production of 9 million lbs – world’s 5th largest producer

24

Uranium in Niger - Summary

Key players

*

*11% interest in Goviex (private)

Uranium in Niger - Summary

New mining code adopted in 2007:• Government has 10% carried interest• Can buy additional 30% by funding pro-rata• 30% tax rate, 3-year tax holiday, sliding scale

royalties• 100% repatriation of profits

Quick approvals to mining permits post-feasibility and EIS:

• China Nuclear Teguida Project – 5 months• AREVA Imouraren Project – 4 months

25

Global Atomic – Our Future

Complete NI 43-101 compliant technical reports on the Dajy/Dasa, Isakanan and Tin Negouran projects

Complete NI 43-101 compliant Pre-feasibility Study for a uranium mining and processing facility at Dajy/Dasa with additional feed (loaded resin) from Isakanan, and Tin Negouran in a Preliminary Economic Assessment (PEA)

Explore for other sources of uranium for the Dajy central processing plant

26

Central Plant

Isakanan

Dasa Pit

Tin Negouran

Global Atomic – Where We Want To Be

27

Extract

A-Cap Resources

Bannerman

Forsys Metals

Deep Yellow

Toro

MantraBerkeley

Energy & Minerals

Global Atomic(Current)

Global AtomicAdrar Emoles

(Geological Potential)

Laramide

Rockgate

Strathmore

Uranium Resources

0

100

200

300

400

500

0 400 800 1,200 1,600 2,000

Average Grade (ppm)

Att

rib

uta

ble

Res

ou

rces

(M

lbs)

Source: Liberum Capital, Company Disclosures as of May 2011Bubble size denotes resourcesGlobal Atomic Adrar Emoles Geological Potential based on low end of NI 43-101 estimateExcludes companies with <20Mlbs resources and/or <$20m EV

454 ppm = 1 pound U3O8 = 0.045%

28

Niger – Country Photos

29


30


31


32


33


34


35


36


37


38


39


40


41


42


43


44


45

• Global Atomic Fuels Corporation is committed to:

providing a safe work environment

operating in an environmentally responsible and sustainable manner

working with the communities in which it operates

Health, Safety and Environment Statement

Documents

Advanced Uranium Exploration & Development Projects in Niger, West Africa