Global Atomic Announces Public Offering Increased to C$35 Million This news release constitutes a "designated news release" for the purposes of the Company's prospectus
NEWS RELEASE
Global Atomic Announces Public Offering Increased to C$35 Million
This news release constitutes a "designated news release" for the purposes of the Company's prospectus
supplement dated December 5, 2023 to its short form base shelf prospectus dated November 21, 2023
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON, October 8, 2024: Global Atomic Corporation (“Global Atomic” or the “Company”)
(TSX: GLO, FRANKFURT: G12) is pleased to announce that due to significant investor demand, it
has entered into an amended and restated underwriting agreement with Red Cloud Securities
Inc., as lead underwriter and sole bookrunner, and Canaccord Genuity Corp. (collectively, the
“Underwriters”) to increase the size of its previously announced public offering (the “Offering”).
Under the revised Offering, the Company will sell to the Underwriters for resale 29,167,000 units
of the Company (the “ Units”) at a price of C$ 1.20 per Unit for aggregate gross proceeds of
C$35,000,400.
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 be exercisable for one
Common Share (each, a “Warrant Share”) at a price of C$1.50 per Warrant Share at any time for
a period of 36 months following the closing of the Offering.
The Company has granted the Underwriters an option, exercisable in whole or in part, at the sole
discretion of the Underwriters, at any time for a period of 30 days from and including the closing
of the Offering, to purchase from the Company for resale up to an additi onal 4,375,050 Units
representing up to 15% of the number of Units sold under the Offering, on the same terms and
conditions of the Offering to cover over-allotments, if any, and for market stabilization purposes
(the “Over-Allotment Option”). In the event the Over -Allotment Option is exercised in full, the
aggregate gross proceeds of the Offering to the Company will be C$40,250,460.
The Offering is being made by way of a prospectus supplement (the “ Prospectus Supplement”)
to the short form base shelf prospectus of the Company dated November 21, 2023 (the “ Base
Shelf Prospectus”) in all of the provinces and territories of Canada, except for Québec.
The Company intends to use the net proceeds raised from the Offering for development of its
Dasa Project located in Niger and for working capital and general corporate purposes.
The Company and the Underwriters do not anticipate any further increase to the aggregate gross
proceeds under the Offering. The Offering is scheduled to close on or around October 16 , 2024,
or such other date as the Company and the Underwriters may agree. Closing of the Offering is
subject to customary closing conditions, including, but not limited to, the filing of the Prospectus
Supplement and the receipt of all necessary regulatory approvals, including the approval of the
securities regulatory authoritie s and the Toronto Stock Exchange. T he Prospectus Supplement
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(together with the related Base Shelf Prospectus) will be made available on SEDAR+ at
www.sedarplus.ca. Electronic or paper copies of the Base Shelf Prospectus and Prospectus
Supplement may be obtained upon request to the Company through the contact information
below.
This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 to or for the account or benefit of persons in the
“United States ” or “U.S. person s” (as such terms are defined in Regulation S under the U.S.
Securities Act) 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 Q1, 2026 . Global Atomic has also identified 3 additional
uranium deposits in Niger that will 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. (B efesa) 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; 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”, 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 differ ent 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 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 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.