Global Energy Metals Announces Acquisition of Luna Energy and Portfolio of Highly Prospective Uranium and Energy Metal Projects

GLOBAL ENERGY METALS ANNOUNCES ACQUISITION OF LUNA ENERGY AND

PORTFOLIO OF HIGHLY PROSPECTIVE URANIUM AND ENERGY METAL PROJECTS

Vancouver, BC / TheNewswire / September 10, 2025 / Global Energy Metals Corpora Qon

TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals” , the “Company” and/or

“GEMC”), a mul’-jurisdic’onal, mul’-commodity cri’cal mineral explora’on, development and

project genera’ng company focused on growth-oriented projects suppor ’ng the global

transi’on to clean energy, is pleased to announce that it has entered into a le <er of intent

dated September 9, 2025 (the “Le<er of Intent”) with Luna Energy Ltd. ("Luna") to acquire all of

the issued and outstanding common shares ("Shares") of Luna (the “Transac’on”), subject to

the approval of the TSX Venture Exchange (the “Exchange”). Global Energy Metals is acquiring

Luna and its underlying assets to significantly expand its posi’on in the uranium sector with

immediate access and direct ownership of a porRolio of highly prospec’ve uranium projects in

an under-explored yet mining-friendly jurisdic’on all at a ’me when nuclear power genera’on

and the need for new sources of uranium is experiencing a revival driven by ambi’ous climate

goals and technology demands.

Mitchell Smith, President and CEO, Director commented:

“GEMC is pleased to collaborate with Luna Energy in a way that is mutually bene ficial and

enhances our exposure to poten=al discoveries of uranium deposits at a pivotal =me when

global uranium demand, driven by the prolifera=on and rapid deployment of nuclear energy as a

clean power source, is projected to rise signi ficantly over the next decade. In this highly

compe==ve uranium market, opportuni=es to acquire projects of this quality are rare.

The mining industry is currently undergoing a significant transforma=on driven by rising demand

for cri=cal minerals, the ongoing energy transi=on, and greater emphasis on environmental,

social, and governance factors. These interconnected trends are reshaping mining investment

crea=ng a once in a genera=on opportunity. The acquisi=on of Luna Energy provides Global

Energy Metals with immediate access to new and exci=ng growth-stage explora=on projects

within known uranium mining camps in Paraguay. A deal of this nature is also consistent with

our strategy to create a diversified, energy metals focused company built on a por Jolio of

quality assets, including explora=on and development stage projects. The Transac=on, along

with exis=ng complementary project and equity holdings, is expected to create a compe ==ve

advantage for GEMC and differen=ate us from our peers.

We look forward to comple=ng on the Transac=on and will con=nue to update the market with

next step plans for the second half of 2025.”

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The Project Por[olio

Star’ng in 2023 Luna focused its efforts on the uranium poten’al of the western por’on of the

Paraná sedimentary basin in Paraguay. Luna is exploring uranium poten ’al of the western

por’on of the Paraná sedimentary basin in Paraguay, focusing on areas iden’fied by historical

data from Anschutz Corpora’on and in proximity to two areas currently held by Uranium Energy

Corp. Through significant staking of prime, prospec’ve territory, Luna now controls one of the

largest under-explored uranium land posi’ons in South America. In addi’on to its uranium

porRolio, Luna also holds ’tle to a number of prospec’ve lithium and other cri’cal mineral

assets in South America. For further informa’on about Luna’s proper’es, including its flagship

Cabayu Uranium Project, please refer to Luna’s website at h<ps://www.lunaenergy.energy.

The TransacQon

The Transac’on contemplates the acquisi’on by Global Energy Metals of all of the issued and

outstanding shares of Luna, resul’ng in Luna becoming a wholly owned subsidiary of Global

Energy Metals.

Prior to closing of the Transac’on and the Financing as herein defined, Global Energy Metals

intends to complete a consolida ’on (“Consolida’on”) of its common shares such

that 16,893,031 common shares, 881,250 op’ons and 5,412,500 warrants of GEMC will be

issued and outstanding aeer giving effect to the Consolida’on. Under the proposed terms, all

the issued and outstanding shares of Luna shall be exchanged for 7,239,870 common shares in

the capital of GEMC aeer giving effect to the Consolida’on.

Upon comple’on of the Transac’on, the board of directors of Global will be comprised of the

exis’ng directors of Global. Following comple’on of the Transac’on, and at the next Annual

General Mee’ng of Shareholders (the “AGM”), Luna will have the right to nominate two

directors, and Global will determine which two of its current directors will not stand for re-

elec’on at the AGM. The management of Global will con’nue to be led by the exis’ng Global

team. Certain consul’ng roles may be added for an interim basis or as seen fit by the Board of

Directors of Global.

Concurrent Financing

In connec’on with the Transac’on and upon comple’on of the Consolida’on, the par’es

intend to conduct a best efforts financing (the “Financing”) of up to 13,333,334 units (the

“Units”) at a price of $0.15 per Unit on a post-Consolida’on basis, for gross proceeds of up to

$2,000,000. Each Unit shall consist of one common share of GEMC and one common share

purchase warrant (a “Warrant”). Each Warrant shall en’tle the holder thereof to acquire an

addi’onal post-Consolida’on common share of Global at a price of $0.25 for a period of 2 years

from the date of issuance. Proceeds from the Financing will be used for explora’on of GEMC’s

exis’ng projects, advancement of Luna’s uranium projects and general working capital. In

connec’on with comple’on of the Financing, GEMC may pay finders' fees to eligible third-

par’es who have assisted in introducing subscribers. Comple’on of the proposed Financing is a

condi’on to the closing of the Transac’on.

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Immediately following the comple’on of the Transac’on and Financing, it is an’cipated that

GEMC will have approximately 37,466,235 common shares outstanding on a post-Consolida’on

basis. Of these, approximately 81% will be held by shareholders of GEMC and investors in the

Financing, and 19% by current Luna shareholders.

CauQonary Statements

Investors are cau’oned that the Le<er of Intent is non-binding, and there is no assurance that

the Transac’on will be completed as proposed or at all. Comple’on of the Transac’on is subject

to a number of condi’ons, including but not limited to Exchange acceptance, comple’on of the

condi’ons precedent thereto including the Financing, and, if necessary shareholder approval.

About Luna Energy

Luna Energy Ltd. a private company incorporated on April 26, 2021 under the Business

Corpora’ons Act (Bri’sh Columbia) is pursuing uranium in one of the world’s last under-

explored sedimentary basins, the the Paraná sedimentary basin in Paraguay. Luna's largest

shareholder is Fiduc Group (Family Investment O ffice based in Argen ’na), owning

approximately 21% of the outstanding shares of Luna. Luna’s Paraguayan subsidiary filed 12

applica’ons covering 14 individual Prospec’on Permits in southeastern Paraguay covering a

total area of approximately 312,000 hectares (collec’vely, the "Cabayu Uranium Project").

For addi’onal informa’on please visit the Luna Energy website: h<ps://www.lunaenergy.energy

For Further InformaQon:

Global Energy Metals Corpora’on

Email: [email protected]

www.globalenergymetals.com

Twi<er: @EnergyMetals | @USBa<eryMetals | @ElementMinerals

Global Energy Metals CorporaQon

(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals Corp. offers investment exposure to the growing rechargeable baRery and

electric vehicle market by building a diversified global porJolio of explora=on and growth-stage

baRery mineral assets.

Global Energy Metals recognizes that the prolifera=on and growth of the electrified economy in

the coming decades is underpinned by the availability of baRery metals, including cobalt, nickel,

copper, lithium and other raw materials. To be part of the solu =on and respond to this

electrifica=on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’

approach and in doing so have assembled and are advancing a por Jolio of strategically

significant investments in baRery metal resources.

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As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada,

Australia, Norway and the United States, GEMC is inves =ng-in, exploring and developing

prospec=ve, scaleable assets in established mining and processing jurisdic=ons in close proximity

to end-use markets. Global Energy Metals is targe=ng projects with low logis=cs and processing

risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also

collabora=ng with industry peers to strengthen its exposure to these cri=cal commodi=es and

the associated technologies required for a cleaner future.

Securing exposure to these cri =cal minerals powering the eMobility revolu =on is a

genera=onal investment opportunity. Global Energy Metals believes Now is the Time to be part

of this electrifica=on movement.

CauQonary Statement on Forward-Looking InformaQon:

Certain informa=on in this release may cons=tute forward-looking statements under applicable

securi=es laws and necessarily involve risks associated with regulatory approvals and =melines.

Although Global Energy Metals believes the expecta=ons expressed in such forward-looking

statements are based on reasonable assump=ons, such statements are not guarantees of future

performance and actual results or developments may di ffer materially from those in the

forward-looking statements. Except as required by law, the Company undertakes no obliga=on

to update these forward-looking statements in the event that management’s beliefs, es=mates

or opinions, or other factors, should change.

GEMC’s opera=ons could be significantly adversely affected by the effects of a widespread

global outbreak of a contagious disease, including the recent outbreak of illness caused by

COVID-19. It is not possible to accurately predict the impact COVID-19 will have on opera=ons

and the ability of others to meet their obliga =ons, including uncertain=es rela=ng to the

ul=mate geographic spread of the virus, the severity of the disease, the dura =on of the

outbreak, and the length of travel and quaran =ne restric=ons imposed by governments of

affected countries. In addi=on, a significant outbreak of contagious diseases in the human

popula=on could result in a widespread health crisis that could adversely affect the economies

and financial markets of many countries, resul=ng in an economic downturn that could further

affect opera=ons and the ability to finance its opera=ons.

For more informa=on on Global Energy and the risks and challenges of their businesses,

investors should review the filings that are available at www.sedar.com.

Neither TSX Venture Exchange nor its Regula=on 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.

We seek safe harbour.