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Global Atomic Corp T.GLO

Alternate Symbol(s):  GLATF

Global Atomic Corporation is a Canada-based company, which provides a combination of high-grade uranium mine development and zinc concentrate production. The Company operates through two segments: the Uranium Business and the EAFD Business. The Company’s Uranium Business activities presently take place in Niger, Africa. The Uranium Business segment includes four deposits with the flagship Dasa project. The Dasa project is a high-grade uranium deposit that lies within the Adrar Emoles III licence area, approximately 105 kilometers (km) south of the established uranium mining town of Arlit, in the Republic of Niger. The Company Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a zinc production plant, located in Iskenderun, Turkey. 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.


TSX:GLO - Post by User

Post by Betteryear2on Oct 16, 2024 12:17pm
60 Views
Post# 36268336

Global Atomic Announces Closing of Public Offering

Global Atomic Announces Closing of Public Offering

Not for Distribution to United States Newswire Services or for Dissemination in the United States

Toronto, ON: Global Atomic Corporation (Global Atomic” or the “Company”) (TSX: GLO, FRANKFURT: G12) today announced that it has completed its previously announced public offering (the “Offering”) for gross proceeds of C$40,250,460, which included the full exercise of the over-allotment option (the “Over-Allotment Option”).  The Offering was conducted through a syndicate of underwriters that included Red Cloud Securities Inc., as lead underwriter and sole bookrunner, and Canaccord Genuity Corp. (together, the “Underwriters”).

Global Atomic Corporation - Global Atomic Announces Closing of Public Offering for Gross Proceeds of C$40.3 Million

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