GLOBAL ATOMIC CORP.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 24, 2024 (GLOBE NEWSWIRE) -- Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce that due to significant investor demand, the Company has increased the maximum gross proceeds of its previously announced non-brokered private placement (the “Offering”) from C$15,000,000 to C$20,000,000. Under the revised Offering, the Company will sell 14,814,815 units of the Company (each, a “Unit”) at a price of C$1.35 per Unit.» Mehr auf globenewswire.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 23, 2024 (GLOBE NEWSWIRE) -- Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to C$15,000,000 from the sale of up to 11,111,111 units of the Company (each, a “Unit”) at a price of C$1.35 per Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.» Mehr auf globenewswire.com

The market valuation has dropped by a quarter since the coup took place, and I think this seems unjustified since the development of Dasa is ongoing. In my view, a peaceful resolution to the situation could be around the corner, and this could boost the market valuation of Global Atomic. I think that the company should be worth over $470 million at $60 per pound of uranium.» Mehr auf seekingalpha.com