Global Atomic Corporation announced a non-brokered private placement of 6,000,000 units at a price of CAD 2.50 per unit for aggregate gross proceeds of CAD 15,000,000 on December 19, 2023. Each unit is comprised of one common share and one half of one common share purchase warrant exercisable at CAD 3 per common share. The transaction will include participation from new investor Regent Mercantile Holdings Limited for 2,000,000 units.

Each warrant will expire 12 months following the closing date, subject to accelerated expiry if the ten-day TSX volume weighted average price exceeds CAD 3.50 per common share for a period of five consecutive trading days. The company will occur on or before December 29, 2023, subject to the receipt of all necessary regulatory and stock exchange approvals.