08:27 AM EDT, 03/28/2024 (MT Newswires) -- Global Atomic Corp. ( GLATF ) reported overnight Wednesday a 2023 comprehensive loss of $15.7 million, or a loss of $0.08 per share, swelling from a 2022 loss of $11.6 million, or a loss of $0.07 per share.

Revenue was $689,996 in 2023, declining from a year-ago revenue of $1.1 million.

The company also published the full feasibility study for its Dasa uranium project in Niger. The study outlined a posttax net present value (NPV), discounted at 8%, of US$$917 million, with a 57% internal rate of return (IRR) and a 4.2-year payback period from January 2024.

The project is expected to produce 2.9 million pounds per year of uranium over the 23.75-year mine life. First production is targeted in the first quarter of 2026.

"Using a conservative uranium base price of $75 per pound and very conservative cost assumptions that include several layers of contingencies, the study forecasts a very attractive after-tax NPV and an impressive after-tax IRR," President and CEO Stephen Roman said.