Niger’s mines minister Ousmane Abarchi has said the government of Niger strongly supports Canada-based Global Atomic and has no intention of nationalising the company’s Dasa uranium project.
Global Atomic said in a statement that it had held several important meetings with Abarchi during a mining conference in Africa, where the minister was promoting his country to attract potential investors interested in the sector.
It said, however, that debt funding needed to advance the project was unlikely to come from the US and talks on financing were continuing, including with “new parties”.
In November, Global Atomic said it had anticipated securing a project financing loan from a US development bank by early in the first quarter of 2025. The latest statement suggests this will not now happen.