Mr. Stephen Roman reports

GLOBAL ATOMIC PROVIDES UPDATE ON DASA PROJECT FINANCING AND RECENT VISIT TO NIGER

Global Atomic Corp. has provided an update on financing for the company's Dasa project and management's recent visit to the Republic of Niger.

The U.S. development bank has confirmed that financing for the Dasa project was reviewed at a meeting of the bank's credit committee and forwarded to the investment committee for review. Current guidance indicates next steps in the approval process will occur over the next two months. The company expects further updates from the bank in the new year to confirm its review and approval timelines.

Recent announcements by the U.S. government about authorization for financing by the bank include increased financing, allowance for higher risk tolerance and the potential for equity investments in financed projects. Together with the U.S. government's focus on critical minerals, the company interprets these announcements as welcome indicators of eventual approval of the Dasa project loan.

The company is in the process of securing Canadian government input regarding an alternative financing solution involving the purchase of a minority joint venture ownership in Global Atomic's subsidiary in Niger, Somida.

Global Atomic management recently travelled to Niger, where it held a successful site visit, as well as meetings with senior officials in Niger's government, including Mines Minister Abarchi, and a special meeting hosted by Prime Minister Zeine, including select cabinet ministers and senior staff.

Stephen G. Roman, president and chief executive officer of Global Atomic, was interviewed in French by Niger's national television, where he confirmed having an excellent meeting with the Prime Minister and senior ministers and expressed his appreciation for their pro-active engagement in facilitating the development of the Dasa project. Mr. Roman noted the win-win philosophy that is driving the company's partnership with the government of Niger in Somida. Citing the company's challenges due to financing and logistics delays, Mr. Roman suggested that first uranium shipments could be delayed to 2028.

Mr. Roman highlighted the company's strong commitment and success employing Nigeriens and engaging local contractors from Niger, concluding that Dasa was essentially a project of Niger for the people of Niger. The Niger news clip stated that Somida is aligned with the thinking and strategy of the government to build projects for the benefit and development of Niger. The Prime Minister and Mr. Roman's comments were repeated in follow-up articles in the national press.

The Prime Minister acknowledged the way Global Atomic goes about its mining business is the best it has experienced to date and praised the company's commitment to local hiring and procurement. The Niger government is impressed with the significant progress made in the development of the Dasa project and confirmed its intention to continue its partnership in Somida through the life of the mine.

The Prime Minister further stated the senior government attendees at his meeting are mandated to streamline regulatory approvals and work with government ministries to facilitate more efficient logistics and quicker transportation times for goods shipped into Niger for the Dasa project.

Prior to management's visit to Niger, President Tiani conducted a tour of the Agadez region, which included a positive visit to the Dasa area and a discussion of continuing works at the site and the presentation of progress photos. President Tiani was impressed with the meeting held with Somida personnel.

In memory

It is with profound sadness that the company announces the recent passing of long-time director Derek Rance, PEng, MBA, on Dec. 3, 2025. He was the former president and chief operating officer of the Iron Ore Company of Canada and the COO of Quintette Coal Ltd. His in-depth knowledge of the mining business and building complex projects was known. He will be sorely missed.

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 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 SL joint venture, which operates a modern zinc recycling plant, located in Iskenderun, Turkey. The plant recovers zinc from electric arc furnace dust 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.

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