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February 25, 2021

Global Atomic Announces C$10 Million Bought Deal Private Placement

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Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX:GLO, FRANKFURT: G12, OTCQX: GLATF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”) pursuant to which Red Cloud, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the “Underwriters”) shall purchase for resale 5,000,000 units of the Company (the “Units”) at a price of C$2.00 per Unit (the “Offering Price”) on a “bought deal” private placement basis for gross proceeds of C$10,000,000 (the “Offering”). Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall be exercisable into one Common Share at a price of C$3.00 at any time on or before the date which is 18 months after the closing date of the Offering.

The Company has granted the Underwriters an over-allotment option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to 1,250,000 additional Units at the Offering Price to raise additional gross proceeds of up to C$2,500,000.

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