Global Atomic arranges $20-million public offering

Executive Summary

• Global Atomic Corp. entered a bought‑deal public offering of 32,259,000 units at C$0.62 per unit, generating gross proceeds of approximately C$20.0 million.
• Each unit consists of one common share and one common share purchase warrant (exercise price C$0.80, exercisable for up to 36 months).
• Net proceeds are earmarked for advancing the Dasa uranium project and general working capital.

Key Details

• Offering Structure: 32,259,000 units sold on a bought‑deal basis; each unit = 1 common share + 1 warrant.
• Pricing: C$0.62 per unit → gross proceeds of C$20,000,580.
• Warrant Terms: Right to purchase one additional common share at C$0.80 per share, exercisable any time up to 36 months after closing.
• Overallotment Option: Underwriters may purchase up to an additional 15% of units sold (≈4,838,850 units) at the offering price within 30 days post‑closing for stabilization/overallotments.
• Use of Proceeds: Primarily to fund development of the Dasa uranium deposit; remainder for general working capital.
• Regulatory Filings: Prospectus supplement to be filed against the short‑form base shelf prospectus dated Nov. 21, 2023 (all Canadian provinces/territories except Quebec). Potential private placement in the U.S. and other jurisdictions under applicable exemptions.
• Closing Date: Expected on or about Oct. 23, 2025, subject to regulatory approvals (TSX, securities commissions) and execution of underwriting agreement.

Notable Quotes

(No direct quotes were provided in the release.)