Global Atomic raises CAD 56.97 million. Canaccord targets Global Atomic stock at CAD 2.50.

Global Atomic raised CAD 56.97 million in a unit offering completed on October 1, 2026, while Canaccord maintains a CAD 2.50 target for Global Atomic stock. Yahoo Finance reported that the company sold 113,931,000 units at CAD 0.50 each, including the partial exercise of an over-allotment option.

Fresh capital for Dasa

The proceeds are earmarked for advancing the Dasa uranium project in Niger and for general working capital. Each unit included one common share and half a warrant, with whole warrants exercisable at CAD 0.70 through October 1, 2029, creating potential future dilution if exercised.

The financing is the latest step in a much larger funding plan. On September 18, 2026, Investing News Network reported that total Dasa project costs were estimated at USD 777.60 million, including financing costs and contingency.

Cost growth changes the equation

Direct project costs rose to USD 653.00 million from USD 375.60 million in the 2024 feasibility study, a 74.00 percent increase. The comparison matters because the company had invested USD 228.50 million by June 30, 2026, leaving USD 550.10 million in estimated remaining project costs.

The DFC financing path covers up to USD 414.20 million, but the term loan is expected to become available after Global Atomic spends the remaining USD 152.70 million in equity requirements. Construction is scheduled for completion in the first half of 2028, with commissioning planned for the second half of 2028, according to Investing News Network.

Analyst target stays elevated

Investing.com lists Canaccord as maintaining a Buy rating and a CAD 2.50 price target dated September 18, 2026. The same page shows a consensus of 4 analysts, with 3 Buy ratings, 1 Hold rating and an average target of CAD 1.50.

That target information belongs to the Toronto listing and is separate from the euro quotation used below. Finance data show a Toronto share price of CAD 0.41 on October 6, 2026, a market capitalization of CAD 121.6 million and a 52-week range of CAD 0.38 to CAD 1.03.

Funding remains the key variable

For investors, the offering improves near-term liquidity but does not remove the gap between current equity funding and the total Dasa cost estimate. The next valuation question is whether additional equity, project financing and operating milestones can align with the planned 2028 construction and commissioning schedule.

Global Atomic stock was trading at EUR 0.26 at Lang & Schwarz on October 7, 2026 at 8:26 a.m. CEST, unchanged at plus 0.00 percent versus the prior close of EUR 0.26. The further course of trading is shown by the continuously updated real-time quote of Global Atomic stock.

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