Global Atomic stock: Dasa funding need falls to US$53.8 million

Published on 11/13/2026 at 22:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Global Atomic stock faces a US$53.8 million funding need after third-quarter results and a US$34 million cut to Dasa project costs.

Dasa financing moves forward

Global Atomic reduced its Dasa project cost estimate while keeping the uranium project financing plan conditional on several approvals.
The company is pursuing offtake-linked funding and other financing options to limit further share issuance.
Construction of the Dasa process plant has reached approximately 47 percent completion.

GLO, CA37957M1068, Illustration mit AI erstellt.

Global Atomic reported its third-quarter results on Thursday, November 12, 2026, in a CNW Group release carried by Yahoo Finance. The company said a review of the Dasa uranium project reduced estimated capital costs by US$34 million to US$743.6 million. After an October equity offering, the remaining equity requirement is estimated at US$53.8 million.

Conditional financing remains central

The U.S. International Development Finance Corporation has approved a debt facility of up to US$414.2 million for Dasa. The facility includes a term loan of up to US$397.4 million and a US$16.8 million cost-overrun facility, but disbursement depends on conditions including an export route for yellowcake, an extension of the mining permit, a government-to-government agreement and definitive loan documents.

Global Atomic said it is seeking funding that could be repaid with uranium offtake, alongside capped streaming deals and subordinated debt. The company expects legal agreements related to the project loan by the end of the first quarter of 2027 and said a drawdown could begin as early as the second quarter of 2027 if the conditions are satisfied.

Dasa construction advances

Underground development has reached four mining levels in the footwall of the orebody. Civil construction for the first phase of the process plant is approximately 47 percent complete, while steelwork and equipment installation has started at the acid plant.

The Turkish zinc joint venture processed 10,458 tonnes of electric arc furnace dust and sold 5.7 million pounds of zinc in concentrate during the quarter. Global Atomic's share of joint-venture EBITDA was US$1.5 million, compared with US$2.6 million a year earlier, while its share of net income was US$0.2 million versus US$1.4 million.

Global Atomic stock traded at 0.20 euros on Lang & Schwarz at 22:47 CET on Friday, November 13, 2026.