US DFC agrees to fund up to $414 million for Global Atomic's Niger uranium project
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What happened
The US International Development Finance Corporation has agreed to provide up to $414 million to Global Atomic for its Dasa uranium project in Niger. The funding will support development of the West African mining operation aimed at securing nuclear fuel supply chains.
Why it matters
The investment provides essential capital for the Dasa venture while strengthening access to key nuclear fuel inputs. The deal directly addresses vulnerabilities in regional energy supply chains for power operators reliant on stable uranium sourcing.
Bigger picture
The commitment highlights how public development finance institutions are increasingly deployed to secure critical minerals, using state-backed capital to anchor strategic resource supply chains globally.
Watch next
Closing of the financing agreement, initial DFC disbursements, and progress reports on site construction and extraction in Niger.