Global Atomic closes offering, private placement

Executive Summary

• Global Atomic Corp. has closed a combined bought deal public offering and non-brokered private placement, raising aggregate gross proceeds of C$72.5 million.
• The financing consists of a brokered offering of 32,670,454 units and a non-brokered private placement of 49,715,909 units, both priced at C$0.88 per unit.
• Net proceeds are designated for the advancement of the Dasa uranium project and general working capital purposes.

Key Details

• Aggregate Gross Proceeds: C$72.5 million.
• Brokered Offering:
  • Gross Proceeds: Approximately C$28.75 million.
  • Units Sold: 32,670,454 units.
  • Price: C$0.88 per unit.
  • Includes exercise in full of the overallotment option.
  • Underwriters: Red Cloud Securities Inc. (lead underwriter and sole bookrunner) and Canaccord Genuity Corp.
• Non-Brokered Private Placement:
  • Gross Proceeds: Approximately C$43.75 million.
  • Units Sold: 49,715,909 units.
  • Price: C$0.88 per unit.
  • Red Cloud acted as finder.
• Security Structure:
  • Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Entitles holder to purchase one common share at C$1.15 per share.
  • Warrant Expiration: On or before February 2, 2029.
• Regulatory & Legal:
  • Brokered offering completed pursuant to a short-form prospectus dated January 28, 2026.
  • Non-brokered units sold to accredited investors in Canada (4-month hold period) and outside Canada (no hold period).
  • Closing subject to final approval of the Toronto Stock Exchange.
• Use of Proceeds: Advancement of the Dasa project and general working capital.

Notable Quotes

• None provided in the text.