Global Battery Metals Announces Completion of 10:1 Share Consolidation
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Global Battery Metals Announces
Completion of 10:1 Share Consolidation
Vancouver, British Columbia – February 26, 2025 – Global Battery Metals Ltd. (the “Company” or
“GBML”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral
exploration company focused on growth -oriented lithium, copper and battery metal projects, announce s
that further its news release of February 19, 2025, the Company is now in the position to complete the
consolidation of its issued and outstanding common shares on the basis of one (1) new common share (a
“Post-Consolidation Share ”) for every ten (10) currently -outstanding common shares (the
“Consolidation”). The Company's common shares will commence trading on the TSX Venture Exchange
(“TSXV”) on a Post-Consolidation basis effective market open on March 3, 2025 (the “Effective Date”).
The Company’s name and trading symbol will remain unchanged.
On a pre -Consolidation basis, the Company has 78,539,280 issued and outstanding common shares and,
following the Consolidation, the Company expects to have 7,853,92 7 common shares issued and
outstanding. No fractional Post-Consolidation Shares will be issued. If, as a result of the Consolidation, a
shareholder would otherwise be entitled to a fraction of a Post -Consolidation Share, each fractional share
following conversion that is at least one-half (1/2) of a Post-Consolidation Share will be rounded up to the
nearest whole number and each fractional share that is less than one -half (1/2) of a Post -Consolidation
Share will be cancelled. No cash consideration will be paid in respect of fractional shares.
On the Effective Date , the Company’s new CUSIP number for its Post -Consolidation Shares will be
37958K208 and the new ISIN will be CA37958K2083. Letters of transmittal describing the process by
which shareholders may obtain new share certificates or Direct Registration System (DRS) advices
representing their Post -Consolidation Shares will be mailed shortly to registered shareholders.
Shareholders who hold their shares through a broker or other intermediary and do not have shares registered
in their name will not be required to complete a letter of transmittal. The letter of transmittal will also be
filed under the Company’s profile on SEDAR+ at www.sedarplus.ca.
The exercise price and number of Post -Consolidation Shares of the Company, issuable upon the exercise
of outstanding securities convertible into Post -Consolidation Shares will be proportionally adjusted upon
the effective date of the Consolidation in accordance with the terms thereof.
About Global Battery Metals Ltd.
GBML is an international mineral exploration and development company with a focus on lithium, copper
and other metals that comprise and support the rapid evolution to battery power. GBML currently maintains
economic interests in four battery metal projects: (1) an option to acquire up to a 90% interest in the Leinster
Lithium Property (which is the subject matter of the Settlement Agreement ); (2) an option to acquire an
additional six licenses contiguous to the Leinster Lithium Project from Tancred Resources, covering 249
km2 adjacent to the Knockeen Lithium Pegmatite Project ; (3) a 100% interest in the drill -ready Lithium
King Property in Utah; and ( 4) a 55% stake in Peru -based Lara Copper Property, which has over 10,000
metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option
agreement with GBML and Lara Exploration Ltd. to acquire the Lara copper property for staged payments
of USD$5.75 million. GBML will retain a 0.75% net smelter return royalty. GBML’s common shares are
listed on the Exchange (TSXV: GBML); Frankfurt Stock Exchange (FSE: REZ); and are quoted on the
OTC Markets (OTCQB: REZZF).
Global Battery Metals Ltd.
Michael Murphy BA, MBA, MSc., ICD
President & CEO
T: 604-649-2350
W: www.gbml.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release contains certain “forward -looking information” and “forward -looking statements”
(collectively “forward-looking statements”) within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, statements relating
the future operations and activities of the Company, are forward -looking statements. Forward -looking
statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”,
“intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events,
conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements
in this news release relate to, amo ng other things, implementation of the consolidation of the Company’s
issued share capital. There can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such statements. Forward-looking
statements reflect the beliefs, opinions, and projections on the date the statements are made and are based
upon a number of assumptions and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance, or
achievements to be materially different from the results, performance or a chievements that are or may be
expressed or implied by such forward -looking statements and the parties have made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation, the ability
to obtain required shareholder and regulatory approvals. Readers should not place undue reliance on the
forward-looking statements and information contained in this news release concerning these items. Readers
are urged to refer to the Company's reports, publicly available through the Canadian Securities
Administrators' System for Electronic Document Analysis and Retrieval (SEDAR +) at www.sedarplus.ca
for a more complete discussion of such risk factors and their potential effects. The Company does not
assume any obligation to update the forward -looking statements of beliefs, opinions, projections, or other
factors, should they change, except as required by applicable securities laws.