Global Atomic Announces Closing of C$24.8 Million Private Placement
NEWS RELEASE
Global Atomic Announces Closing of C$24.8 Million Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Toronto, ON, June 26, 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 non -
brokered private placement (the “ Offering”) for gross proceeds of C$24,839,160 from the sale of
31,048,950 units of the Company (each, a “Unit”) at a price of C$0.80 per Unit. Red Cloud Securities Inc.
and Canaccord Genuity Corp. (collectively, the “Finders”) acted as finders in connection with 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$1.00 at any time on or before June 26, 2028.
The Company intends to use the net proceeds from the Offering for the advancement of the Dasa Project
and for general working capital purposes. The Offering remains subject to the final approval of the Toronto
Stock Exchange (the “TSX”).
The Units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption
under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain
Conditions of the Listed Issuer Financing Exemption (“LIFE Units”), and purchasers resident in certain
offshore foreign jurisdictions pursuant to applicable regulatory requirements and in accordance with OSC
Rule 72-503 - Distributions Outside Canada (“ OSC 72-503”). The Units sold to purchasers in the United
States were issued on a private placement basis pursuant to one or more exemptions from registration
requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The LIFE
Units and Units issued under OSC 72 -503 are immediately freely tradeable under applicable Canadian
securities laws.
As consideration for their services in connection with the Offering, the Finders received a total cash
commission of C$1,180,958 and were issued 1,526,198 non -transferable warrants of the Company (the
“Finder’s Warrants”). Each Finder’s Warrant entitles the holder thereof to purchase one Common Share
at a price of C$0.80 at any time on or before June 26, 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 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.
About Global Atomic
Global 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.
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The 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 commissioning of the processing plant is scheduled
for H2 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can be advanced
with further assessment work.
Global 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.
Key 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]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The 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 completion of any financing and use o f proceeds;
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, development and exploration; cost of future activities; capital and operating expenditures;
success of exploration act ivities; 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 “pl ans”, “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, uncertainties and other factors that may cause the actua l 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 those risks described in the annual information form of G lobal Atomic and in its
public documents filed on SEDAR 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
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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 differ materially from those anticipated in such statements. Accordingly, readers should
not place un due 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.