Global Atomic seeks to extend warrant expiry date in Toronto

On September 13, 2024, Global Atomic Corporation announced its application to the Toronto Stock Exchange to extend the expiry dates of 9,583,334 common share purchase warrants and 560,000 broker warrants. These warrants were originally issued during a public offering that concluded on March 17, 2023, with an exercise price of C$4.00 for the common share purchase warrants and C$3.00 for the broker warrants. The current expiry date for both types of warrants is September 17, 2024. The company is seeking to extend this expiry date to December 31, 2024, which would allow warrant holders additional time to exercise their rights. If the TSX approves this extension, it will take effect ten business days after the announcement. Notably, no insiders of Global Atomic hold any of these warrants, indicating that the request is aimed at benefiting external investors. Global Atomic is actively involved in uranium and base metals sectors, with its Uranium Division focused on the Dasa Deposit, which is fully permitted and under development. The company has made significant progress, including the First Blast Ceremony held on November 5, 2022, and plans to commission the processing plant by the first quarter of 2026. Additionally, the Base Metals Division has a 49% stake in a zinc recycling joint venture in Turkey. The announcement also includes forward-looking statements, highlighting potential risks and uncertainties that could affect the company's future performance. Investors are encouraged to review these risks as outlined in Global Atomic's public documents filed on SEDAR, ensuring they are well-informed about the company's operational landscape.