Global Atomic arranges $50-million private placement

Executive Summary

• Global Atomic Corp. has arranged a non-brokered private placement for gross proceeds of up to C$50 million.
• The offering consists of up to 56,818,182 units priced at C$0.88 per unit, with closing expected on or around January 22, 2026.
• Net proceeds will be used to advance the Dasa uranium project and for general working capital.

Key Details

• Gross Proceeds: Up to C$50 million.
• Units Offered: Up to 56,818,182 units.
• Price: C$0.88 per unit.
• Finder: Red Cloud Securities Inc. is acting as finder; a finder's fee will be payable in accordance with TSX policies.
• 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 are exercisable for a period of 36 months following the issue date.
• Use of Proceeds: Advancement of the Dasa project and general working capital purposes.
• Regulatory/Listing: Subject to receipt of necessary regulatory approvals, including the Toronto Stock Exchange (TSX).
• Closing Date: Expected on or around January 22, 2026.
• Hold Periods: Securities issued to purchasers in Canada are subject to a four-month hold period. Securities issued to purchasers outside Canada are not expected to be subject to a four-month hold period.
• Jurisdictions: Offered in all Canadian provinces (under prospectus exemptions), in the United States (under Securities Act of 1933 exemptions), and in jurisdictions outside Canada and the US.

Notable Quotes

• No direct quotes from management were included in the provided text.