Tag Archives: GLO.TO

Global Atomic (GLO.TO), mcap=C$660m, price C$3.71 vs C$2.25

A bullish bet on the Uranium industry with multi-bagger upside from GLO’s uranium mine in Niger. Detailed thesis of why the uranium market will be in sustained deficit over the next decade and why uranium prices are expected to reach $100/lb. GLO mine will begin production in 2024 and has >250m of U3O8 and a 50-year mine life. Limited geopolitical risks as Niger is a top-tier jurisdiction for uranium producers. Management owns 15% of the company.