Global Atomic Applies to Extend the Expiry Date of Certain Warrants
NEWS RELEASE
Global Atomic Applies to Extend the Expiry Date of Certain Warrants
Toronto, ON, September 13, 2024 : Global Atomic Corporation (“ Global Atomic ” or the
“Company”) (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) announces that it has applied to the
Toronto Stock Exchange (the “TSX”) to extend the expiry dates of a total of 9,583,334 outstanding
common share purchase warrants of the Company (the “ Warrants”) and 560,000 outstanding
broker warrants (the “ Broker Warrants ”). The Warrants and Broker Warrants were issued
pursuant to a public offering of securities of the Company which closed on March 17, 2023. Each
of the Warrants has an exercise price of C$4.00 per share and each of the Broker Warrants has
an exercise price of C$3.00 per share. Both the Warrants and the Broker Warrants have an expiry
date of September 17, 2024. The Company has applied to the TSX to extend the expiry date to
December 31, 2024. No insiders of the Company hold any of these Warrants or Broker Warrants,
directly or indirectly. Finalization of this extension is subject to the approval of the TSX. If such
approval is obtained, this extension will be effective ten business days from the date of this news
release.
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.
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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 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 docum ents 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.