Global Atomic Corp Advances Capital Structure with $25 Million Bought‑Deal Offering
Global Atomic Corporation (TSX:GLO, OTCQX:GLATF, FRA:G12) announced the completion of a $25 million bought‑deal public offering on 13 January 2026. The transaction, facilitated by Red Cloud Securities Inc. as lead underwriter and bookrunner, involved the sale of 28,409,091 units at an offering price of C$0.88 per unit, yielding gross proceeds of approximately C$25 million. Each unit comprised one common share and one warrant, the latter granting the holder the right to purchase an additional common share at C$1.15 within 36 months of the closing date.
The offering included an over‑allotment option, allowing the underwriter to acquire up to an additional 15 % of the units (subject to a 30‑day period following the closing) to cover potential over‑allotments and to support market stabilization. The units were distributed through a short‑form prospectus filed in all Canadian provinces except Québec, and via private placements in the United States and other jurisdictions, in compliance with applicable securities regulations. Regulatory approvals—including those from the Toronto Stock Exchange—are expected before the formal closing, projected for around 29 January 2026.
Strategic Allocation of Proceeds
Global Atomic plans to deploy the net proceeds primarily toward the advancement of its DASA project, a high‑grade uranium development that underpins the company’s dual‑commodity strategy. The company also intends to utilize part of the funds for general working capital, thereby reinforcing liquidity and positioning the firm for sustained growth in both uranium and zinc markets.
Contextualising the Capital Raise
The public offering follows a recent amendment to the Technical Report for the DASA project, underscoring the company’s commitment to refining its operational and financial disclosures. The capital raise is consistent with Global Atomic’s broader strategy of leveraging its unique blend of uranium development and cash‑flowing zinc concentrate production to deliver value to a global client base.
Market Implications
At the close of 14 January 2026, Global Atomic’s share price stood at C$0.75, with a 52‑week high of C$1.06 and a low of C$0.43. The company’s market capitalization amounts to approximately C$322 million, and its price‑earnings ratio sits at –55.24, reflecting the significant investment phase and the forward‑looking nature of its operations.
The infusion of capital is expected to accelerate the DASA project’s development timeline, potentially unlocking additional production streams and enhancing the company’s competitive edge in the uranium sector. Moreover, the strengthened balance sheet will provide a buffer for operational risks inherent in mining ventures, while simultaneously supporting the exploration of further zinc opportunities.
Forward‑Looking Outlook
With the successful completion of the bought‑deal offering, Global Atomic is positioned to intensify its development efforts across its dual‑commodity portfolio. The additional capital will likely translate into accelerated project milestones, improved cash flow from zinc concentrate sales, and an enhanced capacity to meet global uranium demand. Market participants should monitor the company’s subsequent progress reports, particularly the deployment of funds toward the DASA project, as these developments will shape the company’s valuation trajectory in the coming quarters.
