10:11 AM EST, 01/24/2025 (MT Newswires) -- Global Atomic ( GLATF ) 's share price plunged 24% at last look Friday on the TSX as the company upsized its private placement to $36 million from $30 million.

Under the revised offering, the company will sell up to 45 million units at $0.80 apiece. Each unit will consist of one share and one warrant. Each warrant is exercisable at $1.00 per share for 36 months.

The company plans to use the proceeds to advance its Dasa uranium project in Niger and for general working capital purposes.

Closing is expected around Jan. 31.

Price: 0.71, Change: -0.23, Percent Change: -24.47