Latest news with #GlobalAtomicCorporation
Cision Canada
26-06-2025
- Business
- Cision Canada
Global Atomic Announces Closing of C$24.8 Million Private Placement
, June 26, 2025 /CNW/ - Global Atomic Corporation (" Global Atomic" or the " Company") (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce the closing of its previously announced non-brokered private placement (the " Offering") for gross proceeds of C$24,839,160 from the sale of 31,048,950 units of the Company (each, a "Unit") at a price of C$0.80 per Unit. Red Cloud Securities Inc. and Canaccord Genuity Corp. (collectively, the " Finders") acted as finders in connection with the Offering. Each Unit consists of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each, a " Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$1.00 at any time on or before June 26, 2028. The Company intends to use the net proceeds from the Offering for the advancement of the Dasa Project and for general working capital purposes. The Offering remains subject to the final approval of the Toronto Stock Exchange (the " TSX"). The Units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (" LIFE Units"), and purchasers resident in certain offshore foreign jurisdictions pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada (" OSC 72-503"). The Units sold to purchasers in the United States were issued on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act"). The LIFE Units and Units issued under OSC 72-503 are immediately freely tradeable under applicable Canadian securities laws. As consideration for their services in connection with the Offering, the Finders received a total cash commission of C$1,180,958 and were issued 1,526,198 non-transferable warrants of the Company (the " Finder's Warrants"). Each Finder's Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.80 at any time on or before June 26, 2028. 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 U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Global Atomic Global Atomic Corporation ( 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 commissioning of the processing plant is scheduled for H2 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can 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 high-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. 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 financing and use of proceeds; 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 processing issues; currency 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 news 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, performance 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 future 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 applicable 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.
Yahoo
25-06-2025
- Business
- Yahoo
Global Atomic Announces Results of Annual Meeting
TORONTO, June 25, 2025 /CNW/ - Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (Frankfurt: G12) (OTCQX: GLATF) today announced shareholder voting results from the Annual General and Special Meeting of Shareholders held June 25, 2025. A total of 137,372,872 common shares representing 44.59% of the common shares outstanding as of the Record Date; May 6, 2025 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 108,271,732 99.78 230,666 0.21 Asier Zarraonandia Ayo 108,239,863 99.76 262,535 0.24 Dean R. Chambers 108,243,431 99.76 258,967 0.24 Richard R. Faucher 107,680,724 99.24 821,674 0.76 Fergus P. Kerr 108,276,751 99.79 255,647 0.21 Derek C. Rance 91,947,244 84.74 16,555,154 15.26 Stephen G. Roman 107,737,912 99.29 764,486 0.70 Shareholders also approved the re-appointment of Ernst & Young LLP as Auditors of the Company and all unallocated entitlements under the Corporation's stock option plan for the ensuing three years. About Global Atomic Global Atomic Corporation ( 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 commissioning of the processing plant is scheduled for H2, 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can 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 high-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. 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 processing issues; currency 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 news 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, performance 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 future 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 applicable 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. SOURCE Global Atomic Corporation View original content to download multimedia:
Cision Canada
28-04-2025
- Business
- Cision Canada
Global Atomic Provides Financing Update
TORONTO, April 28, 2025 /CNW/ - Global Atomic Corporation (" Global Atomic" or the " Company") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) today provided an update on financing the Dasa Uranium Project in the Republic of Niger. , President & CEO of Global Atomic, stated, " I recently returned from my latest trip to Niger, where I witnessed the impressive work of the mining team and the plant construction at the Dasa Project. While in Niger's capital, Niamey, I had excellent meetings with Mines Minister Abarchi and also U.S. Ambassador Kathleen FitzGibbon both of whom continue to strongly support both Global Atomic and the Dasa Project." "We are in discussions with a well-known uranium industry group regarding a limited, non-equity investment. I also had productive meetings with a number of Dasa's key Nigerien suppliers of materials and services, including some who have confirmed their interest in investing in the Dasa Project. We are currently progressing these discussions." "These potential transactions could eliminate the need for a near term equity financing, allowing the Bank and potential JV partner sufficient time to complete their approval processes and commit funds for the completion of the Dasa Project." "The U.S. Development Bank has confirmed that their internal process to advance the approval of a debt facility for our Dasa Project is proceeding and is expected to occur this quarter. Once approved by the Credit Committee, the Dasa Project loan will then move to the Investment Committee and the Board of Directors for final approval." "Discussions regarding a minority project level joint venture continued through April, giving us a potential alternative to finance 100% of remaining project development costs. Any joint venture investment would be based on the intrinsic value of the Dasa Project as per the Company's most current Feasibility Study plus investments made by the Company to advance the Project since that date, and not the current value of the Company's shares." "The Company continues to manage its spending to provide additional time to finalize project financing on terms best suited to the Company and its shareholders, without coming back to the equity market in the near term." About Global Atomic Global Atomic Corporation ( 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 commissioning of the processing plant is scheduled for Q2, 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that can 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 high-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. 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 processing issues; currency 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 news 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, performance 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 future 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 applicable 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.
