Global Atomic closes $37.07-million public offering

Executive Summary

• Global Atomic Corp. has closed its previously announced bought deal public offering, raising gross proceeds of C$37,070,276.
• The offering included the partial exercise of the overallotment option, resulting in the sale of 58,919,800 units at a price of C$0.62 per unit.
• Net proceeds are designated for the advancement of the Dasa uranium project and general working capital.

Key Details

• Gross Proceeds: C$37,070,276 total, which includes C$2,070,036 from the partial exercise of the overallotment option.
• Units Sold: 58,919,800 units total (56,452,000 base units + 2,467,800 units from overallotment).
• Price Per Unit: C$0.62.
• Underwriter: Red Cloud Securities Inc. acted as sole underwriter and bookrunner.
• Warrant Terms (Investors): Each unit contains one common share and one common share purchase warrant. Each warrant allows the purchase of one common share at an exercise price of C$0.80 per share, exercisable on or before October 23, 2028.
• Underwriter Compensation: Red Cloud received a cash fee of 5.0% of gross proceeds plus warrants to purchase up to 5.0% of the units sold. These underwriter warrants have an exercise price equal to the offering price (C$0.62) and expire on October 23, 2028.
• Use of Proceeds: Advancement of the Dasa project and general working capital.
• Jurisdiction: Offered in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario via a prospectus supplement dated October 17, 2025, supplementing the short form base shelf prospectus dated November 21, 2023.
• Regulatory Status: Subject to final approval of the Toronto Stock Exchange.

Notable Quotes

• None provided in the text.