Global Atomic increases financing to $35-million

Executive Summary

• Global Atomic Corp. upsized its bought‑deal public offering, increasing gross proceeds from C$20.0 M to C$35.0 M.
• Red Cloud Securities will purchase 56,452,000 units at C$0.62 per unit; each unit includes one common share and one warrant exercisable at C$0.80 for up to 36 months.
• Net proceeds are earmarked for advancing the Dasa uranium project and general working capital.

Key Details

• Upsized Offering Size: Gross proceeds increased to C$35,000,240 (from C$20,000,580).
• Units Sold: 56,452,000 units at C$0.62 per unit.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Right to purchase one additional common share at C$0.80 any time within 36 months after closing.
• Underwriter Option: Up to 15% overallotment option, exercisable for up to 30 days post‑closing at the offering price.
• Use of Proceeds: Funding for the Dasa uranium project and general working capital.
• Regulatory Filings: Prospectus supplement to be filed against the short‑form base shelf prospectus dated Nov 21 2023 (Canada, except Quebec); units may also be sold in the U.S. via private placement exemptions and in other jurisdictions as permitted.
• Closing Date: Expected on or about Oct 23 2025, subject to regulatory approvals (including TSX) and execution of underwriting agreement.

Notable Quotes

(No direct quotes provided in the release.)