TORONTO, Ontario — February 2, 2026 — Leads & Copy — Global Atomic Corporation has announced the closing of its previously announced “bought deal” public offering and non-brokered private placement, raising gross proceeds of approximately C$72,500,000.
The Brokered Offering, which included the exercise in full of the over-allotment option, generated gross proceeds of approximately C$28,750,000. Under this offering, the Company sold 32,670,454 units at a price of C$0.88 per unit.
The NB Offering generated gross proceeds of approximately C$43,750,000 through the sale of an additional 49,715,909 units at the same price.
Each unit issued under the Offerings consists of one common share of the Company and one common share purchase warrant. Each warrant allows the holder to purchase one common share at C$1.15 any time before February 2, 2029.
Red Cloud Securities Inc. led the Brokered Offering as lead underwriter and sole bookrunner, with Canaccord Genuity Corp. also participating. Red Cloud also acted as finder for the NB Offering.
The Brokered Offering was completed under a short-form prospectus dated January 28, 2026, filed with securities regulatory authorities in all Canadian provinces except Québec. The prospectus is available on SEDAR+.
The NB Units were sold to purchasers in Canada under the accredited investor exemption and to purchasers outside of Canada under an exemption from the prospectus requirement in Canada available under OSC Rule 72-503.
Global Atomic plans to use the net proceeds from the Offerings to advance its Dasa Project and for general working capital purposes.
The completion of the Offerings is subject to the final approval of the Toronto Stock Exchange.
Global Atomic Corporation is involved in high-grade uranium mine development and zinc concentrate production. The Company is developing the Dasa Deposit in Niger, with commissioning estimated for H2 2027. It also holds a 49% interest in the Befesa Silvermet Turkey, S.L. Joint Venture, which operates a zinc recycling plant in Iskenderun, Türkiye.
Source: Global Atomic Corporation
