Global Atomic launches C$30m private placement to advance Dasa project
Uranium project developer Global Atomic has announced a non-brokered private placement to raise up to C$30-million as it continues to advance its flagship Dasa project in Niger. The offering consists of the sale of up to 37.5-million units at a price of C$0.80 a unit.
Each unit includes one common share and one share purchase warrant, with the warrant granting the holder the option to purchase an additional common share at C$1.00 for a period of 36 months. Red Cloud Securities is acting as a finder for the private placement, which is open to institutional and retail investors.
The company plans to use the proceeds to further develop the Dasa project and for general working capital. The project remains on track to deliver its first yellowcake production by early 2026, as Global Atomic finalises the primary funding component needed to fully realize the project's potential.
President and CEO Stephen Roman said the company aimed to secure major funding in the first quarter of 2025. "We remain confident that in the first quarter of 2025 we will have positive news regarding the major component of funding for our Dasa project in the form of either a bank financing or a joint venture agreement," he said.
Roman added that the private placement had attracted a significant US-based institutional investor, which had placed the lead order in the offering. "We are pleased to have a new, significant US-based institutional investor whose investment is the lead order in the private placement and have extended these favourable terms to all our shareholders, both institutional and retail," he noted.
Comments
Research Reports
Projects
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
