Global Atomic launches public offering of units via Red Cloud
TORONTO - Global Atomic Corporation has inked a deal with Red Cloud Securities Inc. for a public offering of units, the company announced in a press release. Each unit will comprise one common share and one half of a common share purchase warrant, exercisable for one common share. Pricing, exercise terms, and the number of units to be sold remain undecided.
Red Cloud will have a 30-day over-allotment option to purchase up to 15% more units. The funds raised will be used to boost the Dasa Project and maintain working capital. The Dasa Project is a uranium deposit in Niger's Agadez Region. The offering will be finalized via a prospectus supplement to Global Atomic's March 31, 2026, base shelf prospectus, and could also be sold privately in the U.S. The offering aims to close by October 1, 2026, pending regulatory approvals and an underwriting agreement between the company and Red Cloud.
Global Atomic operates through two divisions: the Uranium Division, developing the Dasa Deposit, and the Base Metals Division, owning a 49% stake in the Befesa Silvermet Turkey joint venture, which runs a zinc recycling plant in Turkey.
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