Global Atomic Announces Upsize of Bought Deal Public Offering to Gross Proceeds of C$35 Million

Executive Summary

• Global Atomic announced an upsizing of its bought‑deal public offering, increasing gross proceeds from C$20.0 M to C$35.0 M due to strong investor demand.
• The underwriter, Red Cloud Securities, will sell 56,452,000 units at C$0.62 per unit, each consisting of one common share and one warrant (exercise price C$0.80, exercisable for 36 months).
• Net proceeds are earmarked to advance the Dasa uranium project and for general working capital.

Key Details

• Upsized Offering Size: Gross proceeds increased to C$35,000,240 (from C$20,000,580).
• Units Offered: 56,452,000 units at an Offering Price of C$0.62 per unit.
• Unit Composition:
• 1 common share of Global Atomic.
• 1 common share purchase warrant (exercise price C$0.80, exercisable any time up to 36 months after closing).
• Over‑Allotment Option: Up to 15 % of the units sold may be purchased by underwriters within 30 days post‑closing for stabilization or over‑allotments.
• Use of Proceeds: Primarily to fund development of the Dasa uranium project and for general working capital.
• Closing Date: Expected on or about October 23, 2025, subject to regulatory approvals (TSX, securities regulators).
• Regulatory Filings: Prospectus supplement to be filed against the short‑form base shelf prospectus dated November 21 2023; units may also be sold in the U.S. via private placement exemptions.

Notable Quotes

(No direct quotes were provided in the release.)