Gl Global A Atomic Co Corpo pora ration Fuelling a a L Low C Carbon F Future Underpinned b by P Profitable Z Zinc R Recycling Stephen G G. R . Roman, , President & & C CEO OTC V Virtual I Investor C Conference July uly 31, 2 2020
Disclaimer This presentation has been prepared by the Global Atomic Corporation (“Global Atomic” or the “Company”) and includes information from sources believed by management to be reliable. No representation or warranty, expressed or implied, is made as to the accuracy of the information set forth herein. The information contained herein is as of the date hereof and is subject to change, completion or amendment without notice. This presentation contains forward-looking statements, estimates and projections with respect to the anticipated future performance of the company that may be deemed to be “forward-looking statements.” These statements, estimates and projections reflect various assumptions made by the Company concerning anticipated results, which may or may not prove to be correct. All statements contained in the presentation that address operating performance, future direction, management and control of the Company, events or developments that are expected to occur in the future (including statements related to earnings, expectations, sales of assets, capital expenditures, or statements expressing general optimism about future operating results) are forward-looking statements. Actual results could differ materially from those reflected in the forward-looking statements contained herein as a result of a variety of factors, many of which are beyond the Company’s control. Figures as of July 22, 2020 1
Company Overview Uranium development underpinned by cash flow from zinc production Da Dasa Uranium, N , Niger 2020 2020 Uranium Ur Next: apply Stand alone, high grade, high margin, development, , for Mine Niger Ni underground operation, in Phase 1 plan Permit (100% GLO) BST, Is , Iskenderun, T , Turkey 2020 2020 Cash-flow f Ca from Steady recycling, , New kiln commissioned to produce zinc oxide state Turkey Tu from EAFD (110,000tpa capacity) production (49% GLO) C$90M C$ 90M Bringing Le Leveraged Uranium to upside, p , protected market Market Cap down do wnside de 2 Corporate Presentation July 2020
Board and Management Experienced team of mine development and uranium veterans .Eng – Chief O . Roman – Founder, C Stephen G G. R , Chairman, P , President a and C CEO Ron H Halas, P , P.E Operating O Officer 30 years of open pit and underground mining with Kinross, IAMGOLD, Vale, PT Ex director of Denison Mines. Founded, managed and sold Gold Eagle Mines to Freeport Indonesia, Placer Dome, and Cominco. Mine feasibility, development, Goldcorp Inc for $1.5B. Won “Bill Dennis Award” from the PDAC in 2016. and operational experience in Canada, Indonesia, New Caledonia, Suriname, Developed Harte Gold and built the Sugar Zone Mine in Ontario Brazil, and Mauritania. .Geo -- -- Vice C George F Flach, P , P.G Chairman, V , VP E Exploration , CPA -- -- CF Rein L Lehari, C CFO Track record of discovery (approximately 35moz gold, 250mlbs uranium) over Accountant, previously CFO of Silvermet prior to its merger with Global Atomic 35 years of exploration history in 2017. Ex partner at PricewaterhouseCoopers Cronin -- -- No Paul C Non-executive D Director , ARSM – Mining C Fergus K Kerr, B , BSc, P , P E Eng, A Consultant CEO of Adriatic Metals and Executive Director of Black Dragon Gold, ex-CEO of Registered Professional Engineer in the Province of Ontario with >40 years Anatolia Energy. 20 years banking experience, ex-Vice President of RMB experience in the mining industry mostly senior management in Canadian Resources underground mines including GM at Denison’s Elliot Lake uranium mine Faucher -- -- No Ric Richard Fa Non-executive D Director , PhD -- -- Director o Peter W Wollenberg, B , BSc, M , MSc, P of E Exploration Metallurgical Engineer, ex President & GM of Falconbridge Dominicana, ex COO and R Resource D Development of Princeton Mining, ex VP Brunswick Mining and Smelting for Noranda Inc Rance -- -- No >38 years of experience in uranium exploration and mining. Ex VP Exploration Derek R Non-executive D Director for Urangesellschaft, and senior mine geologist at the Cluff Lake uranium mine Professional Engineer and principal of Behre Dolbear & Company Inc. Ex (COGEMA), and as exploration manager both in Australia and Niger President and COO of Iron Ore Company of Canada, ex Mine Manager of Dickenson Mine, ex President and CEO of Cape Breton Development Corp. Tim C Campbell -- -- Vice P President a and C Corporate S Secretary Asier Z Zarraonandia A Ayo -- -- No Non-executive D Director >25 years’ experience in the mining sector focusing on corporate finance, regulatory compliance, government relations and permitting, local community CEO of Befesa Zinc S.A.U. a world leader in electric arc furnace dust recycling and aboriginal consulting. since 2006. Ex CFO Befesa Aluminium, previously senior manager, auditor and consultant, with Arthur Andersen IRI – Vice P Bob T Tait, F , F.C .CIR President, In , Investor R Relations Arlaud -- -- No Trace Ar Tr Non-executive D Director 30 years leading investor relations at companies on the TSX, NYSE and JSE. Spent 10 of those years in mining with IAMGOLD, First Uranium and Eldorado An expert in mining, geology, geotechnical engineering, mining engineering and Gold collectively operating in Canada, Africa, South America and Mexico. project management with 27 years of industry experience. She has worked with boards and projects in Australia, North America, Europe, Asia and Africa. 3 Corporate Presentation July 2020
Capital Structure Tight shareholder structure, dilution protected by cash flow TSX: GLO | | OTCQX: GLATF | | FWB: G1 G12 C$9 $90 M $0. $0.60 151.6 15 .6 M Market Capitalization Share Price Shares Issued Shareholding composition (approx.) Share Sh Average Av Shares ( (M) Capital Ca Exercise P Price 30-day Management/ VWAP High Board Shares 151.6 $0. $0.72 72 Outstanding Institutional Warrants Investors $0.85 2.9 Outstanding 52-week Low Retail Options $0. $0.24 $0.34 14.4 Investors Outstanding Fully D Diluted 168.9 .9 4 Corporate Presentation July 2020
Zinc Business Overview Zinc Recovery Operation in Iskenderun, Turkey Ø Operates through its 49% ownership of BST Joint Venture with Befesa Zinc S.A.U. Ø Processing Electric Arc Furnace Dust (“EAFD”) containing 25% to 30% zinc sourced from local steel mills Ø Produces a 70% zinc oxide concentrate which is sold to smelters Ø In 2019, the plant was modernized and expanded on budget and on time Ø Capacity to process 110,000 tonnes EAFD p.a., up from 65,000 tonnes previously Ø Payback of expansion capital expected in 2 years @$0.85/lb, faster as zinc price rises Ø Dividend flow from Turkish JV will resume following repayment of the non- recourse, modernization debt 5 Corporate Presentation July 2020
Uranium Market Supply / Demand deficit continues to grow SUPPL PPLY -30% 30% since 2015 DEMAND DE MAND +49% by 2040 +49% Suspension: : 50 n nuclear r reactors u under c construction i in Covid-19 related suspensions at Cigar Lake, 15 c countries Kazatomprom and Namibian operations • Currently 450 operating reactors in 30 Depletion: : countries 3 top--ten mines forecast to close before 2030 (Rossing, Cominak, Ranger) • Installed capacity 400 Gigawatts • >10% of world's electricty Time: : Long lead-time for mine approval, Demand i increasing t to 2 25% o of i installed development or re-start capacity b by 2 2040 Capacity: : Baseload d demand u unaffected b by C Covid-19 19 To meet demand from reactors, an additional 50 to 100% of current production Producers b buying i in s spot m market t to m meet will be required supply c contract o obligations 6 Corporate Presentation July 2020
Uranium business Phase 1 plan focused on 12-year schedule at Fla lank Z Zon one , Dasa Project Dasa P Project s schematic l long-section a and h hypothetical u underground i infrastructure 7 Corporate Presentation July 2020
Optimized PEA Highlights Phase 1 plan is a low Capex ramp-access development targeting profitable production over a twelve-year schedule $210.7M 26.6% 4 years $203M NPV 8 (post tax) at $35/lb IRR (post tax) at $35/lb Payback at $35/lb Start-Up CapEx 12 years 44 Mlbs U 3 O 8 5,396 ppm 4.4 Mlbs U 3 O 8 Mine life LOM uranium produced Average annual steady-state U 3 O 8 LOM uranium production $16.72/lb $18.39/lb C1 Cost AISC Cost 8 Corporate Presentation July 2020
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