Global Atomic Announces Private Placement of up to C$30 Million
NEWS RELEASE
Global Atomic Announces Private Placement of up to C$30 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Toronto, ON, June 17, 2025: Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO,
OTCQX: GLATF, FRANKFURT: G12) is pleased to announce a non -brokered private placement (the
“Offering”) for gross proceeds of up to C$30,000,000 from the sale of up to 37,500,000 units of the
Company (each, a “Unit”) at a price of C$0.80 per Unit. Canaccord Genuity Corp. and Red Cloud Securities
Inc. will be jointly acting as a finder in connection with the Offering.
Each Unit will consist of one common share of the Company (each, a “Common Share”) and one common
share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one
Common Share at a price of C$1.00 at any time for a period of 36 months following the issue date.
The Company intends to use the net proceeds from the Offering for the advancement of the Dasa Project
and for general working capital purposes.
Global Atomic President and CEO, Stephen Roman stated, “Today’s offering will support continued
development work at Dasa. We have mitigated the size of this offering by slowing our capital spending,
which will continue until we have secured our primary funding commitments.
“We continue to work on several financing solutions and remain very upbeat about securing a financial
commitment soon. We are actively working with the U.S. development bank on final preparations for their
presentation to their credit committee. Simultaneously we have reached agreement with a JV partner on
the major terms of an agreement for them to take a minority interest at the project level. The Company
also continues to assess non-equity interim financing options.”
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), up to 25,000,000 Units that may be sold under
the Offering, representing gross proceeds of up to C$20,000,000 (the “LIFE Units”) will be offered for sale
to purchasers in all of the provinces of Canada (the “Canadian Selling Jurisdictions”) pursuant to the listed
issuer financing exemption under Part 5A of NI 45 -106 (the “ Listed Issuer Financing Exemption ”). The
Common Shares issuable pursuant to the sale of the LIFE Units are expected to be immediately freely
tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.
All Units sold in the Canadian Selling Jurisdictions but not under the Listed Issuer Financing Exemption
(the “Non-LIFE Units”) will be offered pursuant to the accredited investor exemption outlined in Part 2 of
NI 45 -106. The Units may also be sold in offshore jurisdictions and in the United States on a private
placement basis pursuant to one or more exemptions from the registration requirements of the United
States Securities Act of 1933 (the "U.S. Securities Act"), as amended.
The closing of the Offering is expected to occur on or around June 25, 2025 and is subject to receipt of all
necessary regulatory approvals including the Toronto Stock Exchange (the “ TSX”). Finder’s fees will be
payable in accordance with the policies of the TSX.
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There is an offering document related to the LIFE Units being sold pursuant to the Offering that can be
accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at
www.globalatomiccorp.com. Prospective Canadian investors purchasing under the Listed Issuer Financing
Exemption should read this offering document before making an investment decision.
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.
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.
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]
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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 financings; Global Atomics’
development pot ential 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 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”, variat ions 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 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 those risks described in the annual information form of Global 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
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 d iffer 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 applica ble 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.