Global Atomic Announces Private Placement of up to C$50 Million
NEWS RELEASE
Global Atomic Announces Private Placement of up to C$50 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON, January 12, 2026 : Global Atomic Corporation (“ Global Atomic” or the “ Company”) (TSX:
GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce a non -brokered private placement (the
“Offering”) for gross proceeds of up to C$ 50 million from the sale of up to 56,818,182 units of the
Company (each, a “ Unit”) at a price of C$ 0.88 per Unit. Red Cloud Securities Inc. is acting as 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$1.15 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 Company’s
Dasa Project and for general working capital purposes.
The Units will be offered: (a) by way of private placement in all of the provinces of Canada pursuant to
applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b)
in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement
pursuant to the exemptions from the registration requirements provided for under the United States
Securities Act of 1933, as amended (the “ U.S. Securities Act”); and (c) in jurisdictions outside of Ca nada
and the United States on a private placement or equivalent basis, in each case in accordance with all
applicable laws, provided that no prospectus, registration statement or other similar document is required
to be filed in such jurisdiction. The securities to be issued pursuant to the Offering to purchasers in Canada
will be subject to a four -month hold period in Canada pursuant to applicable Canadian securities laws.
The Units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus
requirements in Canada available under OSC Rule 72 -503 and, accordingly, the securities to be issued
pursuant to the Offering to purchasers outside of Canada are not expected to be subject to a four-month
hold period in Canada.
The closing of the Offering is expected to occur on or around January 22, 2026 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.
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 the date of commissioning is currently estimated as
H2 2027. Global Atomic has also identified 3 additional uranium deposits in Niger that may 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 financings; 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 activities; mining or proc essing
issues; curr ency 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, uncertainties and other factors that may cause the actual results, level of
activity, perform ance 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 futur e
events could differ 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.