Global Atomic Receives Statement of Claim and Denies Allegations

Executive Summary

• Global Atomic Corporation received a statement of claim filed on February 19, 2026 initiating a proposed class‑action lawsuit alleging misrepresentations in public disclosures between November 10, 2023 and January 23, 2025.
• The plaintiff seeks an unspecified amount of damages against the Company and its CEO; the action has not yet been certified as a class action nor has leave to proceed been sought.
• Global Atomic stated it will vigorously defend the claim.

Key Details

• Filing Date & Court: Statement of claim filed in the Ontario Superior Court of Justice on February 19, 2026.
• Allegations: Misrepresentations made by Global Atomic in public disclosures during the period 10 Nov 2023 – 23 Jan 2025.
• Plaintiff’s Claim: Unspecified damages sought against both the Company and its Chief Executive Officer.
• Class‑Action Status: Action not yet certified as a class action; no leave of court under Section 138.8 of the Ontario Securities Act has been requested.
• Company Response: Intent to “vigorously defend” the claim.

Notable Quotes

(No direct quotes from executives were included in the release.)