Global Atomic Announces Upsize of Private Placement to up to C$36 Million
NEWS RELEASE
Global Atomic Announces Upsize of Private Placement to up to C$36
Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Toronto, ON, January 24, 2025: Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX:
GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce that due to significant investor demand,
the Company has increased the maximum gross proceeds of its previously announced non-brokered
private placement (the “Offering”) from C$30,000,000 to C$36,000,000. Under the revised Offering,
the Company will sell up to 45,000,000 units of the Company (each, a “ Unit”) at a price of C$0.80 per
Unit. Red Cloud Securities Inc. and Canaccord Genuity Corp. are acting as finders 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 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.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 – Prospectus Exemptions (“ NI 45-106”), up to 12,500,000 Units that may be sold
under the Offering, representing gross proceeds of up to C$10,000,000 (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 January 31, 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.
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 purcha sing 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 U.S.
Securities Act, as amended 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 co mmissioning of the processing plant
is scheduled for Q1, 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 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 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 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 e xpressed 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 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.