This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 5, 2023 to its short form base shelf prospectus dated November 21, 2023 Global Atomic Corp. today announced the size and pricing of its previously announced overnight marketed public offering . The Company has entered into an underwriting agreement with Red Cloud Securities Inc., as lead [...]
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 5, 2023 to its short form base shelf prospectus dated November 21, 2023 Global Atomic Corp. today announced that it intends to offer and sell units of the Company in an overnight marketed public offering . The Offering is expected to be completed pursuant to an underwriting agreement to be [...]
Global Atomic Corp. , is pleased to provide an update on its Dasa Project in the Republic of Niger. Dasa is the highest-grade uranium deposit in Africa currently under development, only surpassed by grades found in Canada's Athabasca Basin and is scheduled to achieve commercial production in early 2026. PROJECT FINANCING Debt financing discussions with a U.S. development bank are progressing with confirmation of the [...]
Global Atomic Corp. announces that it has applied to the Toronto Stock Exchange to extend the expiry dates of a total of 9,583,334 outstanding common share purchase warrants of the Company and 560,000 outstanding 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 [...]
Global Atomic Corp. , is pleased to announce that a letter was issued by the Government of the Republic of Niger on August 15, 2024, in which President Tiani and the Council of Ministers confirmed their support for Global Atomic and the Dasa Project. In the letter translated below, the Government states that… Mr. President and Chief Executive Officer, The Conseil National pour la Sauvegarde de la Patrie Chairman [...]
Dasa Uranium Project Remains on Schedule to Produce Yellowcake in Q1 2026 Global Atomic Corp. , announced today its operating and financial results for the quarter ended June 30, 2024. For more detail, please refer to the Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis for the three and six months ended June 30, 2024, on the Company's website at www.globalatomiccorp.com. Q2 [...]
Global Atomic Corp. ; ; is pleased to announce the closing of its previously announced non-brokered private placement for gross proceeds of C$20,000,000.25. The Company sold 14,814,815 units of the Company at a price of C$1.35 per Unit. Red Cloud Securities Inc. acted as a finder in connection with the Offering. Each Unit consists of one common share of the Company and one common share purchase warrant . Each whole [...]
Global Atomic Corp. is pleased to announce that due to significant investor demand, the Company has increased the maximum gross proceeds of its previously announced non-brokered private placement from C$15,000,000 to C$20,000,000. Under the revised Offering, the Company will sell 14,814,815 units of the Company at a price of C$1.35 per Unit. Red Cloud Securities Inc. is acting as a finder in connection with the Offering [...]
Global Atomic Corp. is pleased to announce a non-brokered private placement for gross proceeds of up to C$15,000,000 from the sale of up to 11,111,111 units of the Company at a price of C$1.35 per Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each whole Warrant will entitle the [...]
Global Atomic Corp. , reports that the presentation of the debt financing facility to the Credit Committee of a U.S. Development Bank has been postponed to August. The Bank decided not to bring this project to the Credit Committee in July, citing a need to answer and confirm additional questions. With approval by the Credit Committee postponed, final approval by the Bank's Board of Directors is now expected in October [...]
Global Atomic Corp. today announced shareholder voting results from the Annual General and Special Meeting of Shareholders held June 26, 2024. A total of 105,156,925 common shares representing 50.2% of the common shares outstanding as of the Record Date; May 13, 2024 were voted. Directors were elected to the Board as per the voting results in the table below: Director Nominee Votes For % Withheld % Tracey J. Arlaud [...]
Global Atomic Corp. , today provided an update on its financing and development of the Dasa Uranium Project in the Republic of Niger, including: Updates on the approaches made to the Company to finance the development of the Dasa Project and timeline for the approval of the proposed US$295 million debt financing facility led by a US development bank Updates on the recent trip to Niger by President & CEO, Stephen G. Roman [...]
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