Mr. Stephen Roman reports

GLOBAL ATOMIC ANNOUNCES BOUGHT DEAL PUBLIC OFFERING FOR GROSS PROCEEDS OF C$25.0 MILLION

Global Atomic Corp., in addition to the non-brokered private placement announced in the news release of the company dated Jan. 12, 2026, has entered into an agreement with Red Cloud Securities Inc., as lead underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 28,409,091 units of the company at a price of 88 cents per unit on a bought deal basis for gross proceeds of approximately $25-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of $1.15 at any time on or before that date that is 36 months following the closing date (as defined herein).

The company has granted to Red Cloud an option, exercisable in whole or in part, at any time for a period of up to 30 days after and including the closing date, to purchase for resale additional units equal to up to 15 per cent of the number of units sold pursuant to the underwritten offering at the offering price to cover overallotments, if any, and for market stabilization purposes.

The units will be sold by way of a short form prospectus to be filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec, pursuant to National Instrument 44-101, Short Form Prospectus Distributions. The units will also be sold: (i) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended; and (ii) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

The company intends to use to use the net proceeds from the brokered offering for the advancement of the company's Dasa project and for general working capital purposes.

The closing of the brokered offering is expected to occur on or around Jan. 29, 2026, or on such date as agreed upon between the company and Red Cloud. The brokered offering is subject to receipt of all necessary regulatory approvals, including the 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 H2 (second half) 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 S.L. (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 S.A.U., 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.