Global Atomic Receives Statement of Claim and Denies Allegations
288745.00010/319830792.2
NEWS RELEASE
Global Atomic Receives Statement of Claim and Denies Allegations
Toronto, ON, February 25, 2026: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX:
GLO, OTCQX: GLATF, FRANKFURT: G12) received a statement of claim today which was filed in the Ontario
Superior Court of Justice on February 19, 2026 to commence a proposed class action lawsuit against the
Company and its Chief Executive Officer . The plaintiff named in the statement of claim seeks an
unspecified amount of damages for certain alleged misrepresentations made by the Company in its public
disclosure during the period from November 10, 2023 to January 23, 2025 (the “Action”).
The Action has not been certified by the Court to proceed as a class action, nor has the required leave of
the Court been sought under Section 138.8 of the Securities Act (Ontario) to commence the lawsuit. The
Company intends to vigorously defend this claim.
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 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 hi gh-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]
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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
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 n ews
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.