Global Atomic is hoping for approval from a U.S. development bank's credit committee for a $295 million financing facility by July 2024.

The financing expected by the Canadian company will make it possible to finance its Dasa uranium project in Niger. Once secured, this facility will provide 60% of project funding and 50% of cost overruns, if applicable. According to a 2024 study, the initial capital required for the project is estimated at $424.6 million. For the rest of the funds, the company has already received various financing proposals from financial institutions or private equity firms or from customers interested in future contracts for the delivery of uranium. The latter could pay for the uranium in advance while the other interested parties propose instead to invest, either directly in a joint venture to operate the mine, or indirectly by entering the capital of Global Atomic