Mr. Stephen Roman reports

GLOBAL ATOMIC ANNOUNCES CLOSING OF BOUGHT DEAL PUBLIC OFFERING AND NON-BROKERED PRIVATE PLACEMENT FOR AGGREGATE GROSS PROCEEDS OF C$72.5 MILLION

Global Atomic Corp. has closed its previously announced bought deal public offering for gross proceeds of approximately $28.75-million, which includes the exercise in full of the overallotment option. Pursuant to the brokered offering, the company sold 32,670,454 units of the company at a price of 88 cents per unit.

The company also completed its previously announced non-brokered private placement for gross proceeds of approximately $43.75-million from the sale of an additional 49,715,909 units of the company at the offering price. The brokered offering, together with the non-brokered offering, raised gross proceeds of approximately $72.5-million.

Each unit issued pursuant to the offerings consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of $1.15 at any time on or before Feb. 2, 2029.

The brokered offering was conducted by a syndicate of underwriters led by Red Cloud Securities Inc. as lead underwriter and sole bookrunner and included Canaccord Genuity Corp. Red Cloud acted as finder in connection with the non-brokered offering.

The brokered offering was completed pursuant to a short-form prospectus dated Jan. 28, 2026, filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec. A copy of the prospectus is available on the company's profile on SEDAR+.

The non-brokered units were sold to purchasers in Canada pursuant to the accredited investor exemption under National Instrument 45-106 and are subject to a four-month restricted period. The non-brokered units were also sold outside of Canada pursuant to an exemption from the prospectus requirement in Canada available under OSC Rule 72-503 and, accordingly, are not subject to a four-month hold period in Canada.

The company intends to use the net proceeds from the offerings for the advancement of the company's Dasa project and for general working capital purposes. The closing of the offerings remains subject to the final approval of the Toronto Stock Exchange.

About Global Atomic Corp.

Global Atomic is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The company's uranium division is currently developing the fully permitted, large, high-grade Dasa deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The first-blast ceremony occurred on Nov. 5, 2022, and the date of commissioning is currently estimated as the second half of 2027. Global Atomic has also identified three additional uranium deposits in Niger that may be advanced with further assessment work.

Global Atomic's base metals division holds a 49-per-cent interest in the Befesa Silvermet Turkey SL (BST) joint venture, which operates a modern zinc recycling 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. The company's joint venture partner, Befesa Zinc SAU, holds a 51-per-cent interest in and is the operator of the BST joint venture. Befesa is a market leader in EAFD recycling, with approximately 50 per cent of the European EAFD market and facilities located throughout Europe, Asia and the United States.

We seek Safe Harbor.