Global Energy Metals Announces Exploration Permit Application Lodged at Millennium Project

GLOBAL ENERGY METALS ANNOUNCES EXPLORATION PERMIT APPLICATION

LODGED AT MILLENNIUM PROJECT

Vancouver, BC / TheNewswire / February 18, 2026 / Global Energy Metals Corpora Pon

TSXV:GEMC | OTC:GBLEF | FSE:5GE2 (“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 the new energy economy, is pleased to report that, through the Millennium Joint

Venture, an Explora’on Permit for Minerals (“EPM”) has been applied for over two key sub-

blocks surrounding the exis’ng Millennium Copper-Cobalt-Gold-Graphite mining leases. Refer to

news release dated February 18, 2026 by strategic partner, ASX-listed Metal Bank Ltd., (“Metal

Bank” and/or “MBK”).

Highlights:

•Millennium holds a JORC 2012 Mineral Resource Es9mate (MRE) of 8.4Mt @ 0.09% Co, 0.29%

Cu and 0.12g/t Au for a 1.23% CuEq* on an Inferred basis covering 5 granted mining leases

near Cloncurry, NW QLD.

•A new Mining Lease was applied for in 2025 over the “gap zone” between two of the Southern

ML’s and addi9onal land required for opera9onal and infrastructure requirements.

•An Explora9on Permit applica9on has also been submi^ed to secure adjoining areas for

addi9onal project growth.

•Global Energy holds a 49% interest in Millennium and is fully carried on explora9on spend as

part of Metal Bank’s earn-in for 80% of the Millennium.

*CuEq = Cu% +(Co% x 9.16) + (Au g/t x 0.678) using long term metal prices of Cu: US$3.50/lb

($7,716/t); Co:US$32.00/lb ($70,547.84/t); Au: US$1,900/oz; Cu recovery=95.1%; Co

recovery=95.3%; Au recovery=81.4%; Cu payability=80%; Co payability = 80%; Au payability =

80%

Mitchell Smith, President and CEO of Global Energy Metals Corp. comments:

“The applica9on for this Explora9on Permit for Minerals represents an important step in

advancing near-term growth opportuni9es ahead of the pending mining lease grant. Subject to

approval, the EPM will allow our opera9ng partner to commence targeted drilling aimed at

expanding and further defining the exis9ng Mineral Resource, while con9nuing to progress

toward mine planning studies. We believe these work programs have the poten9al to enhance

project economics and incrementally de-risk the development pathway. Millennium’s exposure

to mul9ple cri9cal minerals — cobalt, copper, gold and graphite — combined with the recently

announced processing MOU between Metal Bank and Austral Resources, reinforces the project’s

strategic value and its contribu9on to Global Energy’s broader growth objec9ves.”

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The Opportunity

This is a strategic step to unlock near-term upside. The proposed program includes drill tes’ng a

200m x 200m “gap zone” within the current mining lease area where the exis ’ng resource is

interpreted to con’nue — as well as tes’ng poten’al graphite extensions to the west.

If granted, the EPM provides the opportunity to expand the current Co-Cu-Au Resource and

further define graphite targets on an accelerated ’meline, while the broader mining lease

applica’on advances. This ini’a’ve reflects a disciplined approach to resource growth and

value crea’on, posi’oning Millennium for poten ’al scale expansion while maintaining

regulatory compliance and technical rigor .

Figure 1: Map showing Millennium granted MLs, EPM Applica9on area and the area covered by

MLA 100483

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Millennium Project

The Millennium Copper Cobalt Gold Graphite Project is being advanced by opera’ng partner

Metal Bank through its wholly owned subsidiary, MBK Millennium Pty Ltd and is earning an 80%

interest in Millennium in joint venture with Element Minerals Australia Pty Ltd, a wholly owned

subsidiary of Global Energy Metals Corpora’on (TSX:GEMC). Millennium holds a 2012 JORC

Inferred Resource across 5 granted Mining Leases with signi ficant poten’al for resource

expansion. Addi’onally, graphite has been iden’fied over >2km strike length within and

adjacent to the exis’ng JORC Resource. MBK submibed an applica’on for an addi’onal mining

lease (ML) at Millennium in 2025 to facilitate further explora’on and opera’ons for both Co-Cu-

Au and graphite resources .

This applica’on area consists of some 159Ha which encompass the southern granted leases and

importantly includes the Gap Zone, a previously inaccessible 200m x 200m area not included in

the current MRE.

Previous RC drilling of this Gap Zone in 2013 and 2014 demonstrated strong mineralisa ’on

con’nuity on the Millennium Trend, including downhole results of 23m @ 0.48% Cu, 0.16% Co

and 0.16g/t Au from 16m (Q-001) and 13m @ 0.53% Cu, 0.30% Co and 0.24g/t Au from 40m

(Q-014). The addi’onal lease also encompasses further area to the west to cover poten ’al

extensions of graphite mineralisa’on, and to the east for opera’onal infrastructure.

Please refer to ASX:CYU announcement 4 December 2013: ‘Comple9on of Ini9al Copper/Gold

Drilling Program and Millennium – Large Mineral System Iden9fied’ and ASX:CYU announcement

23 July 2014: ‘June 2014 Quarterly Report’.

The addi’onal lease also encompasses further area to the west to cover poten’al extensions of

graphite mineralisa’on, and to the east for opera’onal infrastructure.

In line with this, Metal Bank, in full support by Global Energy Metals, is assessing the poten’al

for further value to be unlocked from the Millennium Project via developing the graphite

poten’al over the coming months. This includes addi ’onal surface mapping and sampling,

metallurgical tes’ng to determine recovery, graphite flake size, sphericity and purity, including

this current drill program to refine near term scope for an Explora’on Target and/or Mineral

Resource.

The Company looks forward to the results from the previously announced drilling program

(refer to GEMC news release dated November 28, 2025) and will keep shareholders informed as

to the progress of the mining lease applica’on in due course.

Qualified Person

Mr . Paul Sarjeant, P . Geo., the quali fied person for this release as de fined by Na’onal

Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved

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this news release. He is a shareholder and Director of the Company.

For Further InformaPon:

Global Energy Metals Corpora’on

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twiber: @EnergyMetals | @USBaberyMetals | @ElementMinerals

Global Energy Metals CorporaPon

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

Global Energy Metals Corp. provides investors with direct exposure to the rapidly expanding new

energy market through the development of a diversified, global portolio of explora9on and

growth-stage cri9cal mineral assets.

The Company recognizes that the accelera 9ng electrifica9on of the global economy is

fundamentally dependent on the secure supply of cri9cal ba^ery metals, including cobalt, nickel,

copper, lithium and other essen9al raw materials. To help address this challenge and par9cipate

meaningfully in the electrifica9on movement, Global Energy Metals has adopted a disciplined

consolidate, partner and invest strategy, assembling and advancing a portolio of strategically

significant ba^ery metal investments.

Through its copper, nickel, cobalt, silver, lithium and uranium projects in Canada, Australia,

Norway and the United States, Global Energy Metals is inves9ng in, exploring and developing

prospec9ve, scalable assets located in established mining and processing jurisdic9ons, ouen in

close proximity to end-use markets. The Company priori9zes projects with low logis9cal and

processing risk, posi9oning them for accelerated development and poten 9al entry into the

ba^ery supply chain within the current cycle.

Global Energy Metals also collaborates with industry peers to enhance its exposure to cri 9cal

minerals and the technologies required to support a cleaner, more sustainable future.

Securing exposure to the minerals that power the eMobility revolu9on represents a genera9onal

investment opportunity. Global Energy Metals believes now is the 9me to be part of the

electrifica9on movement.

CauPonary Statement on Forward-Looking InformaPon:

Certain informa9on in this release may cons9tute forward-looking statements under applicable

securi9es laws and necessarily involve risks associated with regulatory approvals and 9melines.

Although Global Energy Metals believes the expecta9ons expressed in such forward-looking

statements are based on reasonable assump9ons, such statements are not guarantees of future

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

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forward-looking statements. Except as required by law, Global Energy metals undertakes no

obliga9on to update these forward-looking statements in the event that management’s beliefs,

es9mates or opinions, or other factors, should change.

For more informa9on 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 Regula9on 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.