• Global Atomic Corporation has successfully completed a public offering raising C$40.3 million, demonstrating strong market confidence in their uranium development strategy.
• The company issued 33,542,050 units at C$1.20 per unit, with each unit including a warrant exercisable at C$1.50 until October 2027, providing potential additional future capital.
• The Dasa Project in Niger remains on schedule for processing plant commissioning in Q1 2026, marking a significant milestone in bringing new uranium supply to market.
• The company maintains a diversified revenue stream through its 49% interest in a zinc recycling operation in Türkiye, operated by industry leader Befesa.
• The successful financing positions Global Atomic to continue development of the Dasa Project while maintaining a healthy working capital position.

Global Atomic Corporation (TSX: GLO) represents a unique investment proposition in the mining sector, combining uranium mine development with cash-flowing zinc concentrate production. The company has strategically positioned itself in both the nuclear fuel supply chain and base metals recycling industries. Their flagship Dasa Project in Niger, discovered by the company's own geological team in 2010, stands as one of the largest and highest-grade uranium deposits in Africa. Complementing this development project is their 49% stake in a modern zinc recycling operation in Türkiye, operated in partnership with Befesa, a global leader in steel dust recycling.

Recent Financing Success

Global Atomic's latest financial move has significantly strengthened its position through a successful public offering that raised C$40.3 million. The offering, which included the full exercise of the over-allotment option, was conducted through a syndicate led by Red Cloud Securities Inc. and included Canaccord Genuity Corp. The structure of the offering consisted of units priced at C$1.20, with each unit comprising one common share and one warrant exercisable at C$1.50 until October 16, 2027. This financing structure not only provides immediate capital but also offers potential future funding through warrant exercise.

The timing of this capital raise aligns perfectly with Global Atomic's development timeline for the Dasa Project. The company has earmarked the net proceeds specifically for:

• Continued development of the Dasa Project in Niger
• Working capital requirements
• General corporate purposes

This allocation of funds demonstrates the company's focused approach to bringing their flagship uranium project to production while maintaining adequate working capital reserves.

The Dasa Project: A Cornerstone Asset

The Dasa Project represents one of the most significant new uranium developments globally. Several key aspects make this project particularly noteworthy:

Development Timeline: Following the "First Blast Ceremony" on November 5, 2022, the project has maintained its development schedule, with processing plant commissioning targeted for Q1 2026. This timeline positions Global Atomic to potentially benefit from projected uranium market supply shortfalls in the latter half of this decade.

Exploration Potential: Beyond the main Dasa deposit, Global Atomic has identified three additional uranium deposits in Niger. These discoveries highlight the exploration potential within the company's land package and provide opportunities for future resource expansion.

Regulatory Status: The project's fully permitted status removes a significant development risk often associated with mining projects, particularly in the uranium sector. This regulatory clarity provides investors with increased confidence in the project's development timeline.

Diversification Through Zinc Strategic Partnership

Global Atomic's 49% interest in Befesa Silvermet Türkiye, S.L. (BST) Joint Venture provides important benefits. The zinc recycling operation in Iskenderun, Türkiye, processes Electric Arc Furnace Dust (EAFD) to produce high-grade zinc oxide concentrate, providing ongoing cash flow to support corporate operations.

The joint venture partner, Befesa Zinc S.A.U., controls approximately 50% of the European EAFD market and brings significant operational expertise to the partnership. This relationship provides Global Atomic with exposure to the growing metal recycling industry while maintaining focus on their core uranium development business.

The operation's modern facilities and strategic location in Türkiye position it well to serve zinc smelters worldwide, providing geographic diversification to Global Atomic's revenue streams.

Market Considerations & Investment Thesis

Uranium & Zinc Market Dynamics

The global push for clean energy solutions has renewed interest in nuclear power, potentially supporting long-term uranium price strength. Global Atomic's timeline to production could coincide with projected supply shortfalls in the uranium market.

The company's zinc recycling operations provide exposure to the circular economy and industrial metals markets, offering a hedge against uranium market volatility.

Financial Position

The recent C$40.3 million financing strengthens Global Atomic's balance sheet and provides funding flexibility for continued development activities. The warrant structure could provide additional future capital if exercised.

Risk Factors to Consider

Investors should be aware of several key risk factors:

• Geographic Risk: The Dasa Project's location in Niger presents political and operational risks typical of mining operations in developing nations.
• Development Risk: While the project is fully permitted, standard development risks remain, including potential construction delays or cost overruns.
• Market Risk: Uranium and zinc prices can be volatile, potentially affecting project economics and recycling operation profitability.
• Currency Risk: Operations in multiple jurisdictions expose the company to currency fluctuations that could impact financial results.

Conclusion

Global Atomic Corporation presents a compelling investment opportunity for investors seeking exposure to both the uranium and zinc markets. The successful completion of the C$40.3 million financing demonstrates market confidence in the company's strategy and provides necessary capital for advancing the Dasa Project toward production.

Key investment considerations include:

• Near-term Production Potential: The Dasa Project's Q1 2026 commissioning target positions the company to potentially benefit from favorable uranium market conditions.
• Revenue Diversification: The zinc recycling operations provide stable cash flow, reducing reliance on external funding and differentiating Global Atomic from pure-play uranium developers.
• Strong Management: The company's success in project development, permitting, and financing demonstrates management's capability to execute on strategic objectives.
• Growth Potential: Additional uranium deposits in Niger provide future development opportunities beyond the initial Dasa Project.

For investors seeking exposure to the nuclear fuel cycle with the benefit of diversification through industrial metals recycling, Global Atomic offers a unique investment proposition. The recent financing success provides additional confidence in the company's ability to advance its development plans while maintaining financial flexibility.

Given the company's strong asset base, clear development timeline, and strengthened financial position, Global Atomic appears well-positioned to deliver value to shareholders as it progresses toward uranium production while maintaining its profitable zinc recycling operations.