Global Atomic (GLO.TO) re-established an At-The-Market equity program (ATM) which allows it to issue, at its discretion, its common shares having an offering price of up to C$50 million to the public from time to time during the period ended April 30, 2028, it said overnight Thursday.
The ATM replaces its previous ATM that expired Dec. 21, 2025, under which it issued 13.4-million common shares to raise $13.48 million at $1.00 apiece over a two-year period.
The company intends to use proceeds from the ATM for the continued development of its Dasa Project in the Republic of Niger and for general corporate needs.
Shares of the company closed down 5% to $0.76 on Thursday on the Toronto Stock Exchange.