TORONTO, March 26, 2026 /CNW/ - Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today its operating and financial results for the year ended December 31, 2025. For more detail, please refer to the Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025, on the Company's website at www.globalatomiccorp.com.

Stephen G. Roman, President and CEO of Global Atomic, commented, "During 2025, development at the Dasa Uranium Project advanced significantly. Since the First Blast Ceremony on November 5, 2022, underground mine development and surface infrastructure have been considerably de-risked, moving the Project closer to production. To maintain our construction schedule, we completed several equity financings and continue to advance debt/JV options to eliminate further equity dilution."

"On March 18th, the Dasa Project reached one million hours without a lost time incident, a tremendous achievement by our construction crews that reflects the commitment, discipline, leadership and safety culture developed within our entire team. The Government of Niger remains strongly supportive of Dasa, recognizing our ESG practices and achievements, our local engagement and the project's growing employment and social benefits created in the Agadez region."

OUTLOOK

Dasa Uranium Project

   -- The Company is actively engaged with a U.S. Development Bank (the "Bank") 
      to establish a debt facility to aid in financing Dasa's development 
      costs. 
 
   -- While the Bank works through its review and approval process, the Company 
      continues negotiations with a potential joint venture ("JV") partner as 
      an alternative financing option.  This potential JV transaction 
      contemplates the acquisition of a minority interest in the Dasa project. 
 
   -- The Company is also pursuing other non-equity funding options. 
 
   -- Dasa's development has no material reliance on shipping impacted by the 
      Middle East conflict.  Niger supplies 100% of Dasa's diesel fuel 
      requirements from local oil and refining production at reasonable rates. 

Uranium Prices

   -- Over the course of 2025, spot uranium prices traded between US$60/pound 
      U3O8 and US$85/pound U3O8. 
 
   -- Long-term contract prices remained steady above US$80 per pound U3O8. 
 
   -- Nuclear energy continues to gain wide acceptance, resulting in increased 
      demand for uranium as a critical element in the carbon free, base-load 
      energy supply. 
 
   -- The long-term outlook for uranium prices is robust as demand outstrips 
      supply due to unprecedented growth in the number of nuclear reactors 
      under construction, operating life extensions and AI driven data centers. 

Turkish Zinc Joint-Venture

   -- Higher zinc prices and lower input costs are expected to continue to 
      contribute to profitable operations and provide for the payment of 
      dividends to the JV partners. 
 
   -- The Company anticipates its Turkish JV will process a similar amount of 
      electric arc furnace dust ("EAFD") in 2026 as in 2025. 
 
   -- Electric arc steel mills in Türkiye continue to operate at moderate 
      utilization levels. 
 
   -- BST plant modernization debt is now retired and dividends to JV partners 
      reinstated. 

2025 HIGHLIGHTS

Dasa Uranium Project -- Mine Development

   -- Underground development, underway since November 2022, has progressed to 
      the 4th level in the footwall adjacent to the orebody. 
 
   -- Mineralized development ore brought to surface includes medium grade 
      (3,000 to 5,000 ppm), low grade (1,300 to 3,000 ppm) and mineralized 
      waste (240 to 1,300 ppm), all of which will be processed during the 
      commissioning of the plant. 
 
   -- Ramping and underground level development will facilitate stope access on 
      five mining levels to coincide with the commissioning of the process 
      plant. 
 
   -- Underground ventilation, electrical services, and water management 
      infrastructure are being installed in coordination with mine development. 

Dasa Uranium Project -- Plant Construction

   -- Selection of long-lead equipment is complete. Manufacturing has been 
      completed for many of these components, most of which have now been 
      delivered to the Dasa site. 
 
   -- Engineering, Procurement and Contract Management ("EPCM") contractors are 
      completing final detailed engineering and ordering the remaining 
      components for the Process Plant. 
 
   -- The Company continues to prepare the site for construction of the Process 
      Plant.  To date, earthworks are largely complete and civil works are well 
      underway in preparation for equipment installation. 
 
   -- The Company has completed the construction of a new 260-person housing 
      facility to provide housing for employees and construction crews. 

Dasa Uranium Project -- Niger Government Support

   -- On February 12, 2025, the Company provided a corporate update regarding a 
      series of meetings held at the Mining Indaba conference in South Africa 
      where Niger's Mines Minister; Ousmane Abarchi confirmed government 
      support for Global Atomic and the Dasa Project. The Minister also stated 
      his government has no intention in nationalizing the Dasa Project and 
      welcomes investment by foreign mining companies specifically those from 
      Canada, the United States and Australia. 
 
   -- On April 23, 2025, the Company provided a corporate update where meetings 
      with Niger's Mines Minister Ousmane Abarchi continued to indicate Niger's 
      support for Global Atomic and the Dasa project. 
 
   -- On December 11, 2025, a special meeting was convened by Prime Minister 
      Ali Lamine Zeine which included select Cabinet Ministers who are mandated 
      to streamline regulatory approvals and facilitate more efficient 
      logistics for the Dasa Project. 
 
   -- The Prime Minister noted the way Global Atomic goes about its mining 
      business is the best Niger has experienced to date and praised the 
      Company's commitment to local hiring and procurement. The Prime Minister 
      stated the Niger Government is impressed with the significant progress 
      made in the development of the Dasa Project and confirmed Niger's 
      intention to continue its partnership with SOMIDA through the life of the 
      mine. 
 
   -- The Company reported that in Q4 2025 Niger's President Tiani toured mines 
      in the Agadez region including a positive visit to the Dasa project area, 
      discussions with SOMIDA personnel and a presentation highlighting the 
      development of the camp, mine and plant construction. 
 
   -- In Q4 2025, the Company posted a video highlighting development work at 
      Dasa including community engagement. The video was distributed in Niger 
      via social media and national television to help raise awareness with the 
      Niger population. The video was well received and can be viewed on the 
      Company's website. 

Turkish Zinc Joint Venture

   -- The Turkish JV processed 70,497 tonnes EAFD and sold 35.2 million pounds 
      of zinc in concentrate in 2025. 
 
   -- The average monthly LME zinc price in 2026 was US$1.30/pound compared to 
      US$1.26/pound in 2024. 
 
   -- For 2025, the Company's share of EBITDA was $9.5 million ($6.3 million in 
      2024) and the Company's share of net income was $2.3 million ($1.3 
      million in 2024). 
 
   -- The cash balance of the Turkish JV was US$8.6 million at the end of 2025 
      (end of 2024 - US$4.2 million). 
 
   -- The Turkish JV generated positive cash flow in 2025 and retired the debt 
      facility related to the 2019 modernization and re-build of the process 
      plant. 
 
   -- In December 2025, the JV resumed dividend payments to the JV partners, 
      Befesa and Global Atomic. 

Corporate

   -- On January 31, 2025, the Company closed a private placement for gross 
      proceeds of $35.6 million at a price of $0.80 per unit consisting of one 
      common share and one common share warrant. 
 
   -- On June 26, 2025, the Company closed a private placement for gross 
      proceeds of $24.8 million at a price of $0.80 per Unit consisting of one 
      common share and one common share warrant. 
 
   -- On October 23, 2025, the Company closed a bought deal public offering for 
      gross proceeds of $37.1 million at a price of $0.62 per Unit consisting 
      of one common share and one common share warrant. 
 
   -- On February 2, 2026, the Company announced the closing of a bought deal 
      public offering and a non-brokered private placement, both offered at a 
      price of $0.88 per unit, for combined gross proceeds of approximately 
      C$72.5 million.  Each unit issued pursuant to these offerings consisted 
      of one common share and one common share purchase warrant. 
 
   -- The net proceeds of the above equity raises have been used for 
      development of its Dasa Project and general working capital purposes. 
 
   -- Global Atomic received management fees and monthly sales commissions from 
      the Turkish JV of $1.1 million in 2025 compared to $0.9 million in 2024. 
 
   -- The Company's cash balance as of December 31, 2025, was $13.1 million. 

About Global Atomic

Global Atomic Corporation (www.globalatomiccorp.com) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

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