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The latest announcement is out from Global Atomic ( (TSE:GLO) ).
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, consisting of common shares and purchase warrants. The funds will be used to advance the Dasa Project and for general working capital, with expectations for yellowcake production by early 2026. The company has secured a lead investment from a U.S.-based institutional investor, reflecting confidence in its project timeline and financial strategy.
More about Global Atomic
Global Atomic Corporation operates in the mining industry, focusing on uranium exploration and production. The company is primarily involved in advancing its Dasa Project, which is poised to become a significant source of yellowcake production.
YTD Price Performance: -0.81%
Average Trading Volume: 336,672
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $159.8M
For a thorough assessment of GLO stock, go to TipRanks’ Stock Analysis page.
