Global Atomic Advances Niger Uranium Mine as Financing Push Continues Into 2026

Dow Jones2025-12-30

By Adriano Marchese

Global Atomic said its uranium mine in Niger advanced significantly in 2025, but securing proper funding remains the company's top priority as it prepares to meet rising uranium demand.

The uranium producer said Tuesday that it has expanded the Dasa Project mine in all directions in 2025 and added the systems needed to manage ventilation, electrical, water and worker safety.

Additionally, Global Atomic said work on the future processing plant also is moving ahead, and construction is progressing across the site.

The company also said its joint-venture zinc recycling plant performance outpaced the year before, supported by stronger zinc prices throughout the year, and which helped fully pay off the plant's debt.

The business is expected to remain profitable and continue paying dividends to the company and its JV partner Befesa in 2026.

On the uranium front, Global Atomic expects demand to stay strong as more countries build more nuclear plants, develop clean energy, and power growing technologies like artificial intelligence, which could push prices higher.

Global Atomic expects prices to rise above $80 per pound, and said its Dasa project is on track to start producing by 2028 to meet demand.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 30, 2025 07:20 ET (12:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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