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Global Atomic Announces Bought Deal Public Offering for Gross Proceeds of C$25.0 Million
Accessnewswire· 2026-01-13 12:40
Core Viewpoint - Global Atomic Corporation has announced a bought deal offering to raise approximately C$25 million through the sale of 28,409,091 units at a price of C$0.88 per unit, which includes common shares and warrants [1][2]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at C$1.15 within 36 months of the closing date [2]. - An over-allotment option has been granted to Red Cloud Securities, allowing for the purchase of additional units up to 15% of the offering to cover over-allotments [3]. - The offering will be conducted via a short-form prospectus in Canada and through private placements in the U.S. and other jurisdictions [4]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for advancing the Dasa Project and for general working capital purposes [5]. Group 3: Company Overview - Global Atomic Corporation is involved in high-grade uranium mine development and zinc concentrate production [7]. - The company is developing the Dasa Deposit, which is fully permitted and expected to commence commissioning in the second half of 2027 [8]. - The Base Metals Division holds a 49% interest in a joint venture that operates a zinc recycling plant in Turkey, recovering zinc from Electric Arc Furnace Dust [9][10].