05:12 PM EDT, 10/08/2024 (MT Newswires) -- Global Atomic ( GLATF ) on Tuesday said it is upsizing a public offering of share units to $35 million from it original $25-million target on strong demand.

The company it will sell an underwriting syndicate 29.17-million shares priced at $1,20 each and made up of a share and a three-year warrant to buy a second share for $1.50.

The underwriters were also granted an over-allotment option of an additional 4.38-million shares if demand warrants.

Global Atomic ( GLATF ) will use the funds to advance its Dasa Project in Niger and for working capital and general corporate purposes.

The company's shares closed down $0.31 to $1.09 on the Toronto Stock Exchange.