Th The e Da Dasa Ur Uranium Projec ect t New PE PEA Pha - PowerPoint PPT Presentation

Th The e Da Dasa Ur Uranium Projec ect t New PE PEA Pha Phase 1 1 Min Mine Pla Plan GLOBAL AL A ATOMI MIC CORP RPORA RATION Corporate Presentation Q2 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 14 April 2020 1 Corporate Presentation Q2 2020

Company Overview Uranium development underpinned by cash flow from zinc production Dasa sa Uranium, m, Niger ger 2020 202 Ur Uran anium Q3: apply Stand alone, high grade, high margin, develo lopment, for Mine Niger r underground operation, in Phase 1 plan Permit (100% GLO) BST, Isk skend nderun, un, Tur urkey 202 2020 Cash f flow from m Steady recycli ling, New kiln commissioned to produce zinc oxide state Tu Turkey from EAFD (110,000tpa capacity) production (49% GLO) Bringing C$63 M M Lev ever erag aged Uranium to upside, p prote tecte ted market Market Cap downside 2 Corporate Presentation Q2 2020

Capital Structure Tight shareholder structure, dilution protected by cash flow TSX: GLO | OTCQX: GLAT ATF | FRA: G1 G12 C$63 $63 M M C$3. $3.8 M M 43c 3c 145.6 M 145 6 M Market Capitalisation Cash 31 Dec 2019 Share Price Shares issued Major Shareholders 52 week High Stephen G. Roman (10%) Sha hare res Is Issued ( (M) M) 145. 45.6 56c 6c Frame Group (7%) Options 14.4 Sachem Cove (7%) Befesa (4%) Warrants 0.4 52 week Low Canaccord (4%) 28c 8c Fu Fully D Dilute ted 160. 60.4 Deutsche Rostoff (3%) Others (66%) 3 Corporate Presentation Q1 2020

Board and Management Experienced team of mine development and uranium veterans man -- -- Chai P.Eng – Chief Operating O Stephe hen G G. Roma airman, P President a and C CEO Ron H Halas, , P. Officer Former director of Denison Mines. Founded, managed and sold Gold Eagle 30 years of open pit and underground mining with Kinross, IAMGOLD, Vale, PT Freeport Indonesia, Placer Dome, and Cominco. Mine feasibility, development, Mines to Goldcorp Inc for $1.5 B. Won “Prospector of the Year”, “Bill Dennis and operational experience in Canada, Indonesia, New Caledonia, Suriname, Award” from the PDAC in 2016. Founder of Harte Gold Corp. Brazil, and Mauritania. P.Geo -- -- Vice C Georg rge Flac ach, , P. Chairman, V VP Explor lorat ation on , DIC – Exec. V Merli lin M Mar arr-Johnson, B , BSc, M , MSc, D Vice P e Presiden ent Track record of discovery (approximately 35 Moz gold, 250 Mlbs uranium) over 25 years’ experience in the minerals sector. Former: exploration geologist for Rio 35 years of exploration history Tinto, analyst for HSBC, portfolio manager for Blakeney Management, CEO of Palladex plc and Erris Resources plc. Director of Salazar Resources Ltd Cronin -- -- Non-exec Pa Paul C ecutive D e Director A -- -- CFO Re Rein Lehari ri, CP CPA FO CEO of Adriatic Metals and Executive Director of Black Dragon Gold, former CEO of Accountant, previously CFO of Silvermet prior to its merger with Global Atomic Anatolia Energy. 20 years banking experience, former Vice President of RMB in 2017. Ex partner at PricewaterhouseCoopers Resources ARSM – Mini Fergus Kerr, B , BSc, P , P Eng ng, ARS ning ng C Cons nsultant nt Faucher -- -- Non-executive D Richard Fa Director or Registered Professional Engineer in the Province of Ontario with >40 years Metallurgical Engineer, former President & GM of Falconbridge Dominicana, experience in the mining industry mostly senior management in Canadian COO of Princeton Mining, VP Brunswick Mining and Smelting for Noranda Inc underground mines ek Rance -- -- Non-executive D Derek Director or , PhD -- -- Director o Peter Wolle lenbe berg, B , BSc, M , MSc, P of E Explor oration on and Professional Engineer and principal of Behre Dolbear & Company Inc. Former: Resource D Dev evel elopmen ent President and COO of Iron Ore Company of Canada, Mine Manager of >38 years of experience in uranium exploration and mining. Former VP Exploration Dickenson Mine, President and CEO of Cape Breton Development Corp. for Urangesellschaft, and senior mine geologist at the Cluff Lake uranium mine (COGEMA), and as exploration manager both in Australia and Niger Asier Zar arraon onan andia Ayo -- -- Non-executive D Director or Tim C Campbe bell ll -- -- Vice P President a and Corpor orat ate Secretar ary CEO of Befesa Zinc S.A.U. a world leader in electric arc furnace dust recycling since 2006. Former CFO Befesa Aluminium, previously senior manager, >25 years’ experience in the mining sector focusing on corporate finance, auditor and consultant, with Arthur Andersen regulatory compliance, government relations and permitting, local community and aboriginal consulting. 4 Corporate Presentation Q2 2020

Ura ranium pr m proj ojects, s, Ni Niger (100% GLO) New PEA for Dasa project Optimized Phase 1 Mine Plan Mine permit application H2 2020 5 Corporate Presentation Q2 2020

Optimized PEA Highlights (1) Phase 1 plan is a low Capex development targeting profitable production over a twelve year mine life US$211 M 27% 4 years US$203 M NPV 8 (post tax) at US$35/lb IRR (post tax) at US$35/lb Payback at US$35/lb Initial CapEx 12 years 44 Mlbs U 3 O 8 5,396 ppm U 3 O 8 4.4 Mlbs U 3 O 8 Mine life LOM uranium produced Average annual steady-state Average LOM grade uranium production US$16.72/lb US$18.39/lb C1 Cost AISC Cost 6 Corporate Presentation Q2 2020

Optimized PEA Highlights (2) Strong base case economics improve significantly using long-term uranium prices Economic ic sensitivity with varying uran anium pr price ces (1) Ur Uran anium pr price ce (pe per pound) $25/lb $30/lb $35/lb $35 $40/lb $45/lb $50/lb Before-tax NPV PV 8 $41 M $139 M $260 M M $365 M $485 M $601 M After-ta tax NPV PV 8 $34 M $113 M $21 211 M M $294 M $391 M $485 M After-ta tax IR IRR 11.5% 18.5% 26. 26.6% 32.6% 39.7% 46.3% 1 Sensitivities used the base case mining model at US$35 per pound uranium Economic ic sensitivity with varying discou ount rate tes usi sing ba base-case uran anium pr price ce $35 35/l /lb Discount rate te (%) 5% 8% 8% 10% 12% Before-tax NPV PV $341 M $260 M M $215 M $177 M After-ta tax NPV PV $279 M $21 211 M M $173 M $141 M 7 Corporate Presentation Q2 2020

Dasa, longitudinal section Phase 1 plan focused on 12 year mine life at Flank Zone Schematic l long-section a and hypothetical u underground i infrastructure 8 Corporate Presentation Q2 2020

Phase 1 mine plan 4.4 Mlb average annual steady state production, 1000tpd, sub-level retreat and fill August 2023 2023 December 2025 2025 Septemb mber 2032 2032 Schematic m mine d development nt a and undergroun und i infrastruc ucture 9 Corporate Presentation Q2 2020

Maps Dasa in the heart of a world-class uranium district 10 10 Corporate Presentation Q2 2020

Republic of Niger A uranium country, a strategic country Niger er - Uran aniu ium Pr Production sin ince 1971 Somaïr Cominak Orano (ex-Areva) opened open ened ed 1971 Cominak closing March 2021 197 978 Strat ategic I Industry Oil D Discoveries 2006 200 Agadem em Basin New M Mini ning ng Fourth largest global uranium producer Sirte B Basin Code Sah ahel stab ability EU, F Fre rench, U US S Elections i in military s y suppo pport Apri ril 202 2021 A stable Niger is key to regional stability 11 11 Corporate Presentation Q2 2020

Global Atomic in Niger 13 years, 6 licences, 4 discoveries, 1 MoU Active in Niger since 2005 MoU with Orano signed 2017 2007 Tin Negouran, 8.8 Mlbs @ 170 ppm, (non-NI 43-101 compliant resource) Dajy Prospect, 16.6 Mlbs @ 689 ppm, (non-NI 43-101 compliant 2008 resource) 2009 Isakanan, 33 Mlbs @ 896 ppm, (non-NI 43-101 compliant resource) Dasa, >250 Mlbs, 1028 drill holes, five NI 43-101 compliant mineral 2010-19 resource updates 2020 PEA, Final Technical Report, and Application for Exploitation Permit 12 12 Corporate Presentation Q2 2020