Global Atomic Secures C$37 Million Financing to Advance Dasa Uranium Project

• Global Atomic Corporation closed a bought deal public offering for gross proceeds of C$37,070,276, including partial exercise of the over-allotment option for C$2,070,036.
• The company sold 58,919,800 units at C$0.62 per unit, with each unit comprising one common share and one warrant exercisable at C$0.80 until October 23, 2028.
• Red Cloud Securities Inc. acted as sole underwriter and bookrunner, receiving 5.0% cash compensation plus underwriter's warrants representing 5.0% of units sold.
• Net proceeds will fund advancement of the Dasa Project in Niger and provide general working capital for operations.
• The offering remains subject to final approval from the Toronto Stock Exchange and was conducted pursuant to a prospectus supplement filed across Canadian provinces and territories.

Global Atomic Corporation (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) is a Toronto-based uranium development company advancing the Dasa Project in Niger while holding a 49% stake in a commercial aluminium slag and steel dust recycling operation. The company has successfully closed a significant equity financing that strengthens its balance sheet as it progresses toward uranium production in one of Africa's established mining jurisdictions. The completion of this C$37 million bought deal offering provides Global Atomic with capital to advance critical development activities at its flagship asset during a period of strengthening uranium market fundamentals driven by growing nuclear energy demand and supply constraints.

For investors evaluating Global Atomic, this financing represents a strategic capital raise executed at market prices that extends the company's operational runway while minimizing immediate dilution through the inclusion of out-of-the-money warrants. The successful closing demonstrates continued institutional and retail investor confidence in the Dasa Project's development timeline and the broader uranium sector outlook.

Financing Structure & Terms

The bought deal public offering consisted of 58,919,800 units priced at C$0.62 per unit, generating gross proceeds of C$37,070,276 before deducting underwriting fees and expenses. The structure included partial exercise of an over-allotment option that contributed C$2,070,036 in additional proceeds. Each unit purchased consists of one common share and one warrant, providing investors with both immediate equity participation and future upside optionality.

The warrant component entitles holders to purchase additional common shares at C$0.80 per share at any time before the expiry date of October 23, 2028. This exercise price represents a 29% premium to the unit offering price, establishing a threshold for future equity dilution that requires meaningful share price appreciation. The three-year warrant term provides extended optionality while allowing the company to potentially raise additional capital without engaging underwriters if the warrants are exercised in the money.

Red Cloud Securities Inc. served as the sole underwriter and bookrunner for the transaction, coordinating the marketing and distribution of units to qualified investors. The bought deal structure provided pricing certainty and execution speed, enabling Global Atomic to secure committed capital before market close rather than conducting a best-efforts marketing process.

Capital Allocation & Use of Proceeds

Global Atomic has designated the net proceeds from this financing for two primary purposes. The company stated it:

"Intends to use the net proceeds from the Offering for the advancement of the Company's Dasa Project and for general working capital purposes."

This allocation provides management with flexibility to deploy capital across multiple development activities while maintaining adequate liquidity for ongoing corporate operations.

The Dasa Project represents the company's flagship uranium development asset located in Niger, a jurisdiction with established uranium mining infrastructure and regulatory frameworks. Advancement activities likely to receive funding include engineering studies, permitting activities, procurement of long-lead equipment, site preparation, and project financing arrangements. The working capital component ensures the company maintains sufficient cash reserves to fund corporate overhead, technical teams, stakeholder engagement, and strategic planning activities throughout the development timeline.

By securing this financing during favorable market conditions, Global Atomic has positioned itself to advance development activities without near-term funding pressure. The capital provides runway to achieve key milestones that can enhance project value and potentially improve terms for future financing requirements as the project advances toward construction and production.

Market Context & Uranium Sector Dynamics

The successful completion of this financing occurs against a backdrop of strengthening uranium market fundamentals. Global nuclear capacity continues expanding, particularly in Asia, while primary uranium production faces constraints from extended mine development timelines, geopolitical supply disruptions, and underinvestment during the prior decade's depressed pricing environment. These supply-demand dynamics have driven significant uranium price appreciation over the past two years.

Global Atomic's ability to raise C$37 million demonstrates sustained investor appetite for uranium development assets with clear pathways to production. The bought deal structure, which requires underwriters to purchase the entire offering for resale to investors, indicates Red Cloud's confidence in demand for the securities at the established pricing. The partial exercise of the over-allotment option suggests strong investor reception during the marketing process.

For development-stage uranium companies, access to capital represents a critical competitive advantage. The financing provides Global Atomic with resources to advance development activities during a period when uranium prices support favorable project economics while many competitors face capital constraints. This timing may enable the company to progress through development milestones and position itself advantageously for future strategic partnerships or project financing arrangements.

For Investors

Global Atomic has successfully closed a C$37 million bought deal financing that provides capital to advance the Dasa Project while maintaining operational flexibility through the three-year warrant structure. The offering terms reflect current market conditions for uranium development equities, with the C$0.62 unit price and C$0.80 warrant exercise price establishing valuation benchmarks for near-term trading and longer-term dilution thresholds.

The completion of this offering positions Global Atomic to pursue its stated development objectives during a favorable uranium market environment. Investors should monitor execution against stated milestones, management's capital allocation decisions, and evolving uranium market dynamics as key indicators of value creation potential. As with all development-stage resource companies, project and market risks remain significant, requiring ongoing assessment of the company's progress relative to expectations and peer performance.