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Global Atomic to begin trading on TSX

The Toronto-based resource firm has been on Toronto's venture exchange and will de-list from there Wednesday
Stockmarket board
The firm will begin trading under the ticker 'GLO'

Global Atomic Corporation (CVE:GLO) will begin trading on the Toronto Stock Exchange (TSX Wednesday, May 8, under the symbol "GLO."

Previously, the Toronto-based resource firm has been on Toronto's venture exchange and will de-list from there tomorrow. The group operates a uranium division and a base metals division.

READ: Global Atomic posts higher income and working capital thanks to Turkish zinc operations

Its uranium business holds six mining agreements and related exploration permits in Niger in West Africa that cover around 750 square kilometres (sq km), with the most significant deposit being the DASA deposit on the Adrar Emoles 3 permit.

The base metals division holds a 49% joint venture interest in Befesa Silvermet Turkey (BST), which operates a Waelz kiln facility in Turkey through Befesa Silvermet Iskenderun Celik Tozu Geri Donusumu(BSI).

BSI acquires electric arc furnace dust (EAFD) from steel mills and recycles it to produce a high-grade zinc oxide concentrate that is then sold to zinc smelters.

The company's joint venture partner, Befesa Zinc SAU, a wholly owned subsidiary of Frankfurt Stock Exchange-listed Befesa SA, holds a 51% in and is the operator of BST.

Global Atomic has never paid cash dividends on its shares and does not expect to do so in the foreseeable future. The firm will continue trading on the OTC under the symbol SYIFF and the FSE under the symbol G12.

According to the TSX, there will be around 142.6 million shares issued and outstanding.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

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