(Kitco News) - Uranium developer Global Atomic (TSX: GLO) today announced the signing of DCPL of Kolkata, India, and Lycopodium Minerals Canada to commence the basic and detailed engineering, procurement and project management (EPCM) of the Dasa uranium processing plant in Niger.
The company said that DCPL will focus on the basic and detailed engineering required for the design of the Dasa process plant, with the initial phase of basic engineering now underway.
Lycopodium will prepare the project execution plan, provide input for constructability in West Africa and provide project services during this phase with the intention of continuing on to manage plant construction.
Global Atomic added that this integrated EPCM project team will develop the detailed design and complete the project delivery, of the Dasa mine processing plant; building on proven results from the 2020 Insight R&D pilot plant trials and the findings of the 2021 Dasa phase 1 feasibility study.
According to the company's statement, DCPL and Lycopodium have excellent and extensive work histories throughout Africa including technical studies, project reviews and EPCM contracting for over 77 engineering projects in mining and other industries.
Additionally, the company noted that DCPL has designed and built several uranium recovery and process plants and is currently the foremost engineering company in India developing that country's nuclear and uranium sectors.
Lycopodium has been actively engaged in 60 mining projects across West Africa and brings recent hands-on project delivery experience in the region, it said.
President and CEO Stephen G. Roman stated, "The commencement of the EPCM phase is our next important milestone to stay on schedule to become one of the world's newest uranium production companies.
"After an extensive selection process, DCPL and Lycopodium emerged to form the best team to undertake the EPCM phase of the Dasa project. This integrated EPCM project team is committed to completing the project on time and keeping the Dasa project on schedule to deliver yellowcake to utilities in Q1 2025."
Global Atomic's uranium division includes four deposits with the flagship project being the large, high-grade Dasa project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The Dasa project is fully permitted for commercial production. The phase 1 feasibility study for Dasa was filed in December 2021 and estimates uranium production to commence by the end of 2024. Mine excavation began in Q1 2022.
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