Global Atomic Announces the Exercise of all Common Share Purchase Warrants
NEWS RELEASE
Global Atomic Announces the Exercise of all Common Share Purchase Warrants
Toronto, ON, February 19, 2021: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO,
OTCQX: GLATF, FRANKFURT: G12) announced the exercise of all common share purchase warrants issued pursuant
to the Company’s Unit private placement of May 2020 and accelerated expiry date announced January 21, 2021.
A total of 2,769,167 Investor warrants and 149,000 Finder’s warrants were exercised for proceeds of C$2,453,000.
The Company now has 155,679,283 common shares issued and no warrants outstanding.
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 includes four deposits with the flagship project being the large, high- grade Dasa
Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of
the Dasa Mining Permit, final design in support of the Company’s Feasibility Study is on-going.
Global Atomics’ Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (“BST”) Joint
Venture, which operates a new, state of the art zinc production plant, located in Iskenderun, Turkey. 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. (“Befes a”) listed on the
Frankfurt exchange under ‘BFSA’, 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 and Asia.
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]
The information in this letter may contain forward-looking information under applicable securities laws. Forward -looking information includes, but is not limited to, statements with r espect to completion of
any financings; Global Atomics’ development potential and timetable of its operations, development and exploration assets; Gl obal Atomics’ ability to raise additional funds necessary; the future price of
uranium; the estimation of m ineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing a nd amount of estimated future production,
development and exploration; cost of future activities; capital and operating expenditure s; 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 letter , 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 materi ally 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 mana gement 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 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 letter..