Global Atomic arranges $25-million public offering

Executive Summary

• Global Atomic Corp. has entered into an agreement for a bought deal public offering of 28,409,091 units at $0.88 per unit, generating gross proceeds of approximately C$25.0 million.
• The offering is led by Red Cloud Securities Inc. and includes an overallotment option allowing the purchase of up to 15% additional units.
• Net proceeds are intended for the advancement of the Dasa uranium project and general working capital.

Key Details

• Transaction Structure: Bought deal public offering via short form prospectus in Canada (excluding Quebec) and private placement in the US and other jurisdictions.
• Underwriter: Red Cloud Securities Inc. acting as lead underwriter and bookrunner.
• Units Sold: 28,409,091 units.
• Price: $0.88 per unit.
• Gross Proceeds: Approximately C$25.0 million.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.15. Warrants expire 36 months following the closing date.
• Overallotment Option: Red Cloud has an option to purchase up to 15% additional units (approx. 4,261,364 units) at the same price for overallotment and market stabilization purposes. This option is exercisable for 30 days after closing.
• Use of Proceeds: Advancement of the Dasa project and general working capital purposes.
• Closing Date: Expected on or around January 29, 2026, subject to regulatory approvals including the Toronto Stock Exchange.
• Related Context: This offering is in addition to a non-brokered private placement announced on January 12, 2026.

Notable Quotes

• None provided in the text.