Global Atomic Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$37 Million

Executive Summary

• Global Atomic closed a bought‑deal public offering raising gross proceeds of C$37.07 million.
• The offering consisted of 58,919,800 units at C$0.62 per unit, including an over‑allotment option for up to C$2.07 million.
• Net proceeds will be used to advance the Dasa uranium project and for general working capital.

Key Details

• Units sold: 58,919,800 units (each unit = 1 common share + 1 common‑share purchase warrant).
• Offering price: C$0.62 per unit.
• Gross proceeds: C$37,070,276.
• Over‑allotment option: Exercisable for up to 30 days after closing; includes 2,467,800 additional units and 6,000,000 warrants, contributing an extra C$2,070,036 to gross proceeds.
• Warrant terms (included in each unit): Right to purchase one common share at C$0.80, exercisable any time on or before 23 Oct 2028.
• Underwriter: Red Cloud Securities Inc., acting as sole underwriter and bookrunner.
• Underwriter compensation: Cash fee equal to 5.0% of gross proceeds plus warrants to purchase up to 5.0% of the number of units sold (underwriter’s warrants exercisable at the offering price until 23 Oct 2028).
• Use of proceeds: Primarily for advancement of the Dasa uranium project and general working‑capital purposes.
• Prospectus filings: Offering made pursuant to a prospectus supplement dated 17 Oct 2025, which supplements the short‑form base shelf prospectus dated 21 Nov 2023.
• Regulatory condition: Closing subject to final approval by the Toronto Stock Exchange (TSX).

Notable Quotes

(No direct quotes were provided in the release.)