Mr. Stephen Roman reports

GLOBAL ATOMIC ANNOUNCES CLOSING OF BOUGHT DEAL PUBLIC OFFERING FOR GROSS PROCEEDS OF C$37 MILLION

Global Atomic Corp. has closed its previously announced bought deal public offering for gross proceeds of $37,070,276, which includes the partial exercise of the overallotment option, exercisable in whole or in part, at any time for a period of up to 30 days after and including the closing date of the offering, for gross proceeds of $2,070,036. Pursuant to the offering, the company sold 58,919,800 units of the company at a price of 62 cents per unit, which includes 2,467,800 units sold pursuant to the overallotment option in addition to six million warrants (as defined hereafter) sold under the overallotment option. Red Cloud Securities Inc. acted as sole underwriter and bookrunner under the offering.

Each unit 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 80 cent sat any time on or before Oct. 23, 2028.

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.

The units were offered for sale in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario pursuant to a prospectus supplement filed in all of the provinces and territories of Canada, and dated Oct. 17, 2025, which supplemented the company's short form base shelf prospectus dated Nov. 21, 2023. Investors should read the prospectus and other documents that the company has filed for more complete information about the company and the offering. A copy of these documents is available on SEDAR+. The offering remains subject to the final approval of the Toronto Stock Exchange.

As consideration for their services in connection with the offering, Red Cloud received an aggregate consideration comprising: (i) a cash fee equal to 5.0 per cent of the gross proceeds of the offering; and (ii) warrants of the company to purchase up to 5.0 per cent of the number of units sold in the offering. Each underwriter's warrant entitles the holder thereof to purchase one common share at the offering price at any time on or before Oct. 23, 2028.

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, 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.