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An announcement from Global Atomic ( (TSE:GLO) ) is now available.
Global Atomic Corporation announced a non-brokered private placement of up to C$50 million through the issuance of up to 56.8 million units at C$0.88 per unit, each comprising one common share and a warrant exercisable at C$1.15 for 36 months. The financing, to be placed across Canada, the United States and select international jurisdictions under applicable exemptions and subject to Toronto Stock Exchange approval, is intended to fund advancement of the company’s flagship Dasa uranium project in Niger and support general working capital, underscoring its strategy to progress uranium mine development while maintaining cash flow from its zinc recycling joint venture in Türkiye.
The most recent analyst rating on (TSE:GLO) stock is a Hold with a C$1.00 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.
The score is held back primarily by weak profitability and negative operating/free cash flow despite strong revenue growth and a low-leverage balance sheet. Technicals are supportive with price above major moving averages and positive MACD, but overbought RSI/Stoch increase near-term risk. Valuation is also a drag due to negative earnings (negative P/E) and no dividend yield data.
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. Its Uranium Division is advancing the fully permitted, large, high-grade Dasa Deposit in Niger, targeted for commissioning in the second half of 2027, alongside three additional identified uranium deposits in the country. The Base Metals Division holds a 49% stake in the Befesa Silvermet Turkey joint venture, which operates a zinc recycling plant in Türkiye that processes electric arc furnace dust into high-grade zinc oxide concentrate for global smelters, with Befesa Zinc S.A.U. as the majority partner and operator.
Average Trading Volume: 2,847,660
Technical Sentiment Signal: Sell
Current Market Cap: C$371.1M
Learn more about GLO stock on TipRanks’ Stock Analysis page.