Global Atomic Announces Bought Deal Public Offering for Gross Proceeds of C$20.0 Million

Executive Summary

• Global Atomic entered into a bought‑deal underwriting agreement for 32,259,000 units at C$0.62 per unit, targeting gross proceeds of C$20,000,580.
• Each unit consists of one common share and one warrant to purchase an additional share at C$0.80 exercisable within 36 months.
• Net proceeds are earmarked for advancing the Dasa uranium project and general working capital.

Key Details

• Units offered: 32,259,000 (each unit = 1 common share + 1 warrant).
• Offering price: C$0.62 per unit.
• Gross proceeds: C$20,000,580.
• Underwriters: Red Cloud Securities Inc. (lead underwriter and sole bookrunner) with a syndicate of underwriters.
• Over‑allotment option: Up to 15 % additional units may be purchased within 30 days after the closing date for stabilization purposes.
• Warrant terms: One warrant per unit, exercisable at C$0.80 per share any time up to 36 months after the closing date.
• Use of proceeds: Advancement of the Dasa uranium project and general working capital.
• Closing date: Expected on or about October 23, 2025, subject to regulatory approvals (including TSX).
• Regulatory filing: Prospectus supplement to be filed against the short‑form base shelf prospectus dated 21 Nov 2023; units may also be sold in the U.S. under private‑placement exemptions.

Notable Quotes

(No direct quotes were provided in the release.)