Global Atomic is in discussions with “a well-known uranium industry group” regarding investment in the Dasa uranium project in Niger as it waits for a decision from a US development bank on further funding.

The Canada-based uranium company’s president and chief executive officer Stephen Roman, who recently visited Niger, said in a 28 April statement that investment from the unnamed uranium group would be of a limited, non-equity nature.

Roman added: “I also had productive meetings with a number of Dasa’s key Nigerien suppliers of materials and services, including some who have confirmed their interest in investing in the Dasa Project. We are currently progressing these discussions.”