Mr. Stephen Roman reports

GLOBAL ATOMIC ANNOUNCES BOUGHT DEAL PUBLIC OFFERING FOR GROSS PROCEEDS OF C$20.0 MILLION

Global Atomic Corp. has entered into an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase for resale 32,259,000 units of the company at a price of 62 cents per unit on a bought deal basis in a public offering for gross proceeds of $20,000,580.

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 80 cents at any time on or before that date that is 36 months following the closing date (as defined herein).

The company has granted to the underwriters 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 at the offering price 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 company intends to use the net proceeds from the offering for the advancement of the company's Dasa project and for general working capital purposes.

In connection with the offering, the company intends to file a prospectus supplement to the company's short form base shelf prospectus dated Nov. 21, 2023, with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec). The units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

Copies of the applicable offering documents, when available, can be obtained free of charge under the company's profile on SEDAR+. Delivery of the base shelf prospectus and the prospectus supplement and any amendments thereto will be satisfied in accordance with the access equals delivery provisions of applicable Canadian securities legislation.

The base shelf prospectus and the prospectus supplement will contain important detailed information about the company and the offering. Prospective investors should read the prospectus supplement and accompanying base shelf prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.

The offering is expected to close on or about Oct. 23, 2025, or on such date as agreed upon between the company and Red Cloud. The closing of the offering is subject to the company receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange, and the entering into an underwriting agreement among the company and the underwriters.

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 commissioning of the processing plant is targeted for H2 (second half) 2026. 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 that 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.