The United States government has approved up to $414.2m in financing for a uranium project in Niger, according to the Canadian company developing the mine.
The US International Development Finance Corporation (DFC) approved the debt facility for Global Atomic Corporation’s Dasa uranium project, the company said.
The approval was announced on Wednesday, September 16, 2026, with the financing subject to several conditions before final agreements can be concluded.
The conditions include establishing a viable route for exporting uranium concentrate, known as yellowcake, extending the project’s mining convention and permit, and reaching a direct agreement with the Nigerien government.
Global Atomic said final financing documents would still have to be negotiated with the DFC before funds are disbursed.
The Dasa project is located in northern Niger and is being developed by Global Atomic, a Canadian mining company.
The company describes Dasa as one of Africa’s highest-grade uranium deposits and expects commercial production to begin in the second half of 2028, subject to financing.
The US financing could give Washington greater access to uranium supplies from Niger, which is one of the world’s major uranium-producing countries.
The development comes about two years after Niger’s military government ordered US forces to leave the country following the 2023 military coup.
Niger has also been involved in a dispute with French state-backed uranium company Orano, which previously played a major role in the country’s uranium industry.
The Dasa project faces security and logistical challenges, including the difficulty of transporting uranium from landlocked Niger to international markets.
Global Atomic has been exploring alternative export routes as insecurity has affected some regional transport corridors.