Global Atomic Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$37 Million
NEWS RELEASE
Global Atomic Announces Closing of Bought Deal Public Offering for
Gross Proceeds of C$37 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON, October 23, 2025: Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX:
GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce the closing of its previously announced
“bought deal” public offering (the “Offering ”) for gross proceeds of C$37,070,276, which includes the
partial exercise of the over- allotment option (the “ Over-Allotment Option”) exercisable in whole or in
part, at any time for a period of up to 30 days after and including the closing date of the Offering for gross
proceeds of C$2,070,036. Pursuant to the Offering, the Company sold 58,919,800 units of the Company
(each, a “Unit”) at a price of C$0.62 per Unit (the “ Offering Price”), which includes 2,467,800 Units sold
pursuant to the Over -Allotment Option in addition to 6,000,000 Warrants (as defined hereafter) sold
under the Over-Allotment Option. Red Cloud Securities Inc. (“Red Cloud”) acted as sole underwriter and
bookrunner under the Offering.
Each Unit consists of one common share of the Company (each, a “ Common Share”) and one common
share purchase warrant (each, a “ Warrant”). Each Warrant entitles the holder thereof to purchase one
Common Share at a price of C$0.80 at any time on or before October 23, 2028.
The Company intends to use the net proceeds from the Offering for the advancement of the Company’s
Dasa Project and for general working capital purposes.
The Units were offered for sale in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba
and Ontario pursuant to a prospectus supplement filed in all of the provinces and territories of Canada
and dated October 17, 2025 (the “ Prospectus Supplement”) that supplemented the Company’s short
form base shelf prospectus dated November 21, 2023 (the “Base Shelf Prospectus”, and collectively with
the Prospectus Supplement, the “ Prospectus”). Investors should read the Prospectus and other
documents that the Company has filed for more complete information about the Company and the
Offering. A copy of these documents is available on SEDAR+ at www.sedarplus.ca. The Offering remains
subject to the final approval of the Toronto Stock Exchange (the “TSX”).
As consideration for their services in connection with the Offering, Red Cloud received an aggregate
consideration comprised of (i) a cash fee equal to 5.0% of the gross proceeds of the Offering and (ii)
warrants of the Company (the “Underwriter’s Warrants”) to purchase up to 5.0% of the number of Units
sold in the Offering. Each Underwriter’s Warrant entitles the holder thereof to purchase one Common
Share at the Offering Price at any time on or before October 23, 2028.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
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About Global Atomic
Glo
bal Atomic Corporation ( www.globalatomiccorp.com) is a publicly listed company that provides a
unique combination of high- grade uranium mine development and cash- flowing zinc concentrate
production.
T
he Company’s Uranium Division is currently developing the fully permitted, large, high grade Dasa
Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The “First
Blast Ceremony” occurred on November 5, 2022, and c ommissioning of the processing plant is targeted
for H2 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that may be
advanced with further assessment work.
Glo
bal Atomic’s Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint
Venture, which operates a modern zinc recycling plant, located in Iskenderun, Türkiye. The plant recovers
zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold
to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. (Befesa) holds
a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling,
with approximately 50% of the European EAFD market and facilities located throughout Europe, Asia and
the United States of America.
K
ey contacts:
Stephen G. Roman
Chairman, President and CEO
Tel: +1 (416) 368-3949
Email: [email protected]
Bob Tait
VP, Investor Relations
Tel: +1 (416) 558-3858
Email: [email protected]
C
AUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
T
he information in this release may contain forward-looking information under applicable securities laws. Forward -
looking information includes, but is not limited to, statements with respect to the completion of the Offering and
the timing in respect thereof, the use of proceeds of the Offering, and timely receipt of all necessary approvals,
including the approval of the TSX; Global Atomics’ development potential and timetable of its operations,
development and exploration assets; Global Atomics’ ability to raise additional funds necessary; the future price of
uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of
mineral reserve estimates; the timing and amount of estimated future production, develo pment and exploration;
cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing
issues; currency exchange rates; government regulation of mining operations; and environmental and permitting
risks. Generally, forward -looking statements can be identified by the use of forward -looking terminology such as
“plans”, “is expected”, “estimates”, variations of such words and phrases or statements that certain actions, events
or results “could”, “would”, “ might”, “will be taken”, “will begin”, “will include”, “are expected”, “occur” or “be
achieved”. All information contained in this news release, other than statements of current or historical fact, is
forward-looking information. Statements of forward -looking information are subject to known and unknown risks,
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uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of
Global Atomic to be materially different from those expressed or implied by such forward -looking statements,
including but not limited to t hose risks described in the annual information form of Global Atomic and in its public
documents filed on sedarplus.ca from time to time.
Forward-looking statements are based on the opinions and estimates of management at the date such statements
are made. Although management of Global Atomic has attempted to identify important factors that could cause
actual results to be materially different from those forward -looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could dif fer materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance upon forward- looking statements. Global Atomic
does not undertake to update any forward-looking statements, except in accordance with applicable securities law.
Readers should also review the risks and uncertainties sections of Global Atomics’ annual and interim MD&As.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of
this news release.