Global Atomic Raising CA$50 Million in a Public Offering of Share Units

11:37 AM EDT, 09/23/2026 (MT Newswires) -- Global Atomic (GLO.TO), down 15% on last look, is raising CA$50 million in a public offering of 100-million share units priced at CA$0.50 each, the company said on Wednesday. Each unit will consist of one share and half of one three-year warrant to buy a share at CA$0.70. The offering is expected to close on Oct. 1. Global Atomic last week said it had secured a debt facility of $414.2 million from the US International Development Finance Corporation (DFC) to develop the Dasa uranium project in Niger. "The proceeds from this offering will give the company time to assess how best to fund the remaining gap prior to drawing down on the DFC's US$414 million contribution. The DFC Board's approval has opened more financing options, some of which don't require us to issue shares," chief executive Stephen Roman said. Global Atomic shares were last seen down CA$0.08, to CA$0.45, on the Toronto Stock Exchange. Price: 0.45, Change: -0.08, Percent Change: -15.66