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Global Atomic Launches C$30 Million Private Placement to Fund Dasa Project

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Global Atomic Launches C$30 Million Private Placement to Fund Dasa Project

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An update from Global Atomic ( (TSE:GLO) ) is now available.

Global Atomic Corporation has announced a non-brokered private placement to raise up to C$30 million through the sale of 37.5 million units, each comprising one common share and one warrant. The proceeds will be used to advance the Dasa Project and for general working capital. The company is actively working on securing primary funding commitments and exploring various financing solutions, including a potential joint venture and non-equity interim financing options. The offering is expected to close around June 25, 2025, subject to regulatory approvals.

The most recent analyst rating on (TSE:GLO) stock is a Hold with a C$1.10 price target. To see the full list of analyst forecasts on Global Atomic stock, see the TSE:GLO Stock Forecast page.

Spark’s Take on TSE:GLO Stock

According to Spark, TipRanks’ AI Analyst, TSE:GLO is a Neutral.

Global Atomic’s stock score reflects a mixed financial performance with growth potential offset by profitability challenges. Technical indicators are moderately supportive, but high valuation metrics suggest caution. Positive corporate events provide some optimism about future project financing and operational progress.

To see Spark’s full report on TSE:GLO stock, click here.

More about Global Atomic

Global Atomic Corporation is a publicly listed company that combines high-grade uranium mine development with cash-flowing zinc concentrate production. The company’s Uranium Division is focused on developing the large, high-grade Dasa Deposit in Niger, which was discovered in 2010. The company has also identified additional uranium deposits in Niger for potential future development.

Average Trading Volume: 1,133,005

Technical Sentiment Signal: Sell

Current Market Cap: C$286.5M

For detailed information about GLO stock, go to TipRanks’ Stock Analysis page.

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