09:16 AM EDT, 04/28/2025 (MT Newswires) -- Global Atomic ( GLATF ) on Monday said it is in discussions with possible investors for its Dasa Uranium Project in Niger.

Global Atomic ( GLATF ) Chief Executive Officer Stephen G. Roman said the company is in talks with "a well-known uranium industry group" regarding a limited, non-equity investment and added that the U.S. Development Bank confirmed that their internal process to advance the approval of a debt facility for Dasa Project is proceeding and is expected in the current quarter.

"I also had productive meetings with a number of Dasa's key Nigerien suppliers of materials and services, including some who have confirmed their interest in investing in the Dasa Project," said Roman. "We are currently progressing these discussions. These potential transactions could eliminate the need for a near term equity financing, allowing the [U.S. Development] Bank and potential JV partner sufficient time to complete their approval processes and commit funds for the completion of the Dasa Project."