Global Battery Metals Announces Proposed Consolidation
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Global Battery Metals Announces Proposed Consolidation
Vancouver, British Columbia – February 19, 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 to receiving shareholder approval in respect of consolidating t he common shares of the
Company (“Common Shares”) at the Annual General and Special Meeting of its shareholders held January
31, 2025, the board of directors of the Company has approved the consolidation on the basis of 10 pre -
consolidation securities for each every one post-consolidation security (the “Consolidation”).
The Company currently has 78,539,280 pre-Consolidation Common Shares outstanding and, when effected,
the Consolidation would reduce the number of outstanding Common Shares to approximately 7,853,928
post-Consolidation Common Shares. The exercise price and number of Common Shares issuable upon the
exercise of any outstanding stock options, Common Share purchase warrants or other securities convertible
into Common Shares will be proportionately adjusted to reflect the Consolidation. No fractional Common
Shares will be issued as a result of the proposed Consolidation. Any fractional Common Shares resulting
from the Consolidation will be rounded down to the nearest whole number of Common Shares, and no cash
consideration will be paid in respect of fractional Common Shares rounded down to the nearest whole
Common Share.
The Consolidation is subject to the receipt of regulatory approval, including acceptance by the TSX Venture
Exchange (“TSXV”). A subsequent news release will follow, upon receipt of TSXV approval, announcing
the effective date of the Consolidation, the new CUSIP and ISIN of the post-Consolidation Common Shares
and all other relevant details regarding the Consolidation. The Company anticipates that its current trading
symbol will remain unchanged.
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, the Consolidation, including the receipt of regulatory
approval and the timing thereof. There can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from those antic ipated 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 inherent ly 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 achievements 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 the acceptance of the TSXV and to effect the Consolidation on the basis
anticipated or at all . Readers should not place undue reliance on the forward -looking statements and
information contained in this news release concerning these items. Readers ar e 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.