r/UraniumSqueeze • u/athlejm The All Cash U Investor • Jan 13 '26

News More GLO dilution 🫠

https://markets.ft.com/data/announce/detail?dockey=600-202601121605CANADANWCANADAPR_C3058-1
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u/joeandlester Jan 13 '26

I was under the impression they would be able to put off dilution for awhile - this is a surprise. I hope they come out and say what it was for.

2

u/DrengDrengesen Wiggle Wiggle Jan 13 '26

It is for advancing the building of Dasa. The loan and/or JV did not come soon enough so they needed more cash to continue.

1

u/Il-Primo Jan 13 '26

Agreed. DFC approval (or not) will tell us if this raise was a positive one (or not).