Global Atomic closes C$57 million public offering

Canada NewsWire

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO , Oct. 1, 2026 /CNW/ -- Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (FRANKFURT: G12) is pleased to announce the closing of its previously announced overnight marketed public offering (the " Offering ") for gross proceeds of C$56,965,500, which includes the partial exercise of the over-allotment option. Pursuant to the Offering, the Company sold 113,931,000 units of the Company (the " Units ") at a price of C$0.50 per Unit (the " Offering Price "). Red Cloud Securities Inc. (" Red Cloud ") acted as sole underwriter and bookrunner in connection with the Offering.

Each Unit consists of one common share of the Company (each, a " Common Share ") and one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.70 at any time on or before October 1, 2029.

The Company intends to use the net proceeds raised from the Offering for the advancement of the Dasa Project and for general working capital purposes.

The Offering was completed pursuant to a prospectus supplement filed in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and dated September 25, 2026 (the " Prospectus Supplement ") that supplemented the Company's short form base shelf prospectus dated March 31, 2026 (the " Shelf Prospectus ", and collectively with the Prospectus Supplement, the " Prospectus "). Investors should read the Prospectus and other documents that the Company has filed for more complete information about the Company and the Offering. A copy of these documents is available on SEDAR+ at www.sedarplus.ca . The Offering remains subject to the final approval of the Toronto Stock Exchange (the " TSX ").

As consideration for their services in connection with the Offering, Red Cloud received an aggregate consideration comprised of (i) a cash fee equal to 5.0% of the gross proceeds of the Offering and (ii) warrants of the Company (the " Underwriter's Warrants ") to purchase up to 5.0% of the number of Units sold in the Offering. Each Underwriter's Warrant entitles the holder thereof to purchase one Common Share at the Offering Price at any time on or before October 1, 2029.

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 United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any U.S. state securities laws and may not be offered or sold within the "United States" or to "U.S. Persons" (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and all applicable U.S. 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.