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US backs uranium project in Niger

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US backs uranium project in Niger
Inspecting the coal face. Rapid progress is being made on the underground development at Dasa. Image credit: Global Atomic Corporation.

US backs uranium project in Niger

A United States backed uranium project in Niger indicates renewed interest in Africa’s uranium supply.   

Recent reports indicate that the United States is showing renewed interest in the development of uranium projects across the Sahel, a region that has been plagued by repeated conflict and coup d’états since 2019.

Yesterday, Canadian based Global Atomic Corporation announced that a US development bank will lead efforts to finance the development of its Dasa Uranium Project to the tune of USD295-million.

The deal is seen as an attempt by the United States Government to secure and diversify its global uranium supply.

In a statement Global Atomic President and CEO, Stephen G. Roman, said that the U.S. Government recognises the significance of the Dasa Project and its meaningful contribution to global uranium supply diversification.

He added that the government of Niger continues to support Global Atomic Corporation’s development of the Dasa uranium project.

According to the Institute of Security Studies (ISS) a military coup d’état in Niger unfolded on 26 July 2023 when several factions of the armed forces announced that they had seized power from the government of President Mohamed Bazouma and suspended the constitution.

Subsequently, General Abdourahamane Tchiani, the Commander of the Presidential Guard, proclaimed himself the leader of the country and established the National Council for the Safeguard of the Homeland, after confirming the success of the coup.

Niger’s coup followed a long list of political events that resulted in military regimes controlling a contiguous bloc of countries stretching from the Atlantic Ocean in the west to the Red Sea in the east.

US backs uranium project in Niger
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Dasa Uranium project debt financing (US backs uranium project in Niger)

According to Roman the U.S. development bank that will provide the proposed USD295-million debt financing facility for the development of the Dasa Project, has continued to actively make progress and is completing the final documentation to submit to its Credit Committee for approval, which has now been scheduled to take place in mid-July 2024.

“We are excited with the prospect of partnering with the U.S development bank and believe that the advancement of the Dasa Project aligns with the strategic priorities of the United States Government and its efforts to secure uranium supply and reduce dependence on Russia.

“We believe the U.S. Government recognizes the significance of the Dasa Project and its meaningful contribution to global uranium supply diversification,” says Roman.

Recent site visit (US backs uranium project in Niger)

During the recent visit to Niger, Global Atomic Corporation’s executives met with several government officials, including the Mines Minister Commissaire Colonel Ousmane Abarchi, who confirmed his support for Dasa.

The Minister also said that his office will iron out all administrative bottlenecks and assist with the timely importation of supplies and equipment.

Rapid progress is being made on the underground development at Dasa as well as on the earthworks to prepare for the installation of the processing plant and the associated camp for the construction crew.

According to Roman, the implementation of innovative solutions, such as controlled blasting of large surface rocks to assist the work of the rock-breaking equipment, are accelerating progress to ensure the project will be complete on time and on budget.

“The key area of focus at Dasa is logistics. Hundreds of trucks bearing plant equipment and mining supplies will be arriving at site between now and the end of construction in the last quarter of 2025.

“The continued closure of the Benin border prevents access to the port of Cotonou, the closest and historically most used ocean port for Niger. While we are having success using other ports, delays can occur from time to time at various points along these extended routes. The government assistance offered to us by the Mines Minister to help expedite our inbound shipments is very much appreciated as the timely importation of materials is critical for Dasa

US backs uranium project in Niger

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