Global Energy Metals Announces Termination of Luna Energy Transaction

GLOBAL ENERGY METALS ANNOUNCES TERMINATION OF LUNA ENERGY

TRANSACTION

Vancouver, BC / TheNewswire / November 12, 2025 / Global Energy Metals Corpora Lon

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, announces that it has terminated the non-binding le<er of intent to

enter into a share purchase agreement whereby Global Energy would acquire all of the issued

and outstanding common shares of Luna Energy Ltd. (the “Termina’on”). The Company has also

cancelled the previously announced Consolida’on and concurrent Financing as part of the

Termina’on.

The Company will con’nue to review and evaluate poten ’al opportuni’es to increase

investment exposure to the new energy economy.

For Further InformaLon:

Global Energy Metals Corpora’on

Email: [email protected]

www.globalenergymetals.com

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

Global Energy Metals CorporaLon

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

Global Energy Metals Corp. offers investment exposure to the growing rechargeable ba<ery and

electric vehicle market by building a diversified global por@olio of exploraBon and growth-stage

ba<ery mineral assets.

Global Energy Metals recognizes that the proliferaBon and growth of the electrified economy in

the coming decades is underpinned by the availability of ba<ery metals, including cobalt, nickel,

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

electrificaBon movement, Global Energy Metals has taken a ‘consolidate, partner and invest’

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

significant investments in ba<ery metal resources.

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

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

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prospecBve, scaleable assets in established mining and processing jurisdicBons in close proximity

to end-use markets. Global Energy Metals is targeBng projects with low logisBcs and processing

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

collaboraBng with industry peers to strengthen its exposure to these criBcal commodiBes and

the associated technologies required for a cleaner future.

Securing exposure to these cri Bcal minerals powering the eMobility revolu Bon is a

generaBonal investment opportunity. Global Energy Metals believes Now is the Time to be part

of this electrificaBon movement.

CauLonary Statement on Forward-Looking InformaLon:

Certain informaBon in this release may consBtute forward-looking statements under applicable

securiBes laws and necessarily involve risks associated with regulatory approvals and Bmelines.

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

statements are based on reasonable assumpBons, 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 obligaBon

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

or opinions, or other factors, should change.

GEMC’s operaBons 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 operaBons

and the ability of others to meet their obliga Bons, including uncertainBes relaBng to the

ulBmate geographic spread of the virus, the severity of the disease, the dura Bon of the

outbreak, and the length of travel and quaran Bne restricBons imposed by governments of

affected countries. In addiBon, a significant outbreak of contagious diseases in the human

populaBon could result in a widespread health crisis that could adversely affect the economies

and financial markets of many countries, resulBng in an economic downturn that could further

affect operaBons and the ability to finance its operaBons.

For more informaBon 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 RegulaBon 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.