GEMC.V · 2025-04-16 12:00:00

Global Energy Metals Partner Receives Collaborative Exploration Initiative Grant FOR Millennium Copper Cobalt GOLD Graphite Project

Corporate Updates

GLOBAL ENERGY METALS PARTNER RECEIVES COLLABORATIVE EXPLORATION

INITIATIVE GRANT FOR MILLENNIUM COPPER COBALT GOLD GRAPHITE PROJECT

Vancouver, BC / TheNewswire / April 16, 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 joint venture partner, Metal Bank Limited

(“MBK”) has been awarded a grant of AUD $275,000 support further explora ’on at the

Millennium copper cobalt gold graphite project (“Millennium”) near Cloncurry in northwest

Queensland.

Highlights

•Millennium Co-Cu-Au-graphite project granted AUD $275,000 as part of the Queensland

Government’s criEcal minerals CollaboraEve ExploraEon IniEaEve program

•Maximum grant amount obtained to advance ancillary graphite poten Eal alongside

current Co-Cu-Au Mineral Resource

•Grant-supported work includes diamond drilling, re-assaying of previous drill samples

and preliminary metallurgical work

•Grant funds provide direct cost support for the ac EviEes and do not require co-

contribuEon

•MBK plans to undertake addiEonal work on both graphite potenEal and expansion of

the exisEng Co-Cu-Au resource while the rig is on site

This grant forms part of the Queensland Government’s current Collabora@ve Explora@on

Ini@a@ve (‘CEI’) program in support of the cri ’cal minerals industry, and follows the

iden’ﬁca’on of thick high grade graphite drill intersec’ons in late 2024 within and adjacent the

exis’ng JORC2012 Inferred Resource at Millennium of 8.4Mt @ 0.29% Cu 0.09% Co and 0.12g/t

Au (1.23% CuEq).

Under the terms of the grant, MBK will complete addi’onal diamond drilling, a program of re-

sampling and re-assay of exis ’ng drill core and RC samples plus ini ’al petrological and

metallurgical studies on the graphite mineralisa ’on. These funded programs will aid in

understanding of the scope, distribu@on and economic implica@ons of the graphite poten@al at

Millennium that has now been deﬁned over 2km of strike and has returned considerable grades

in drilling (to 56m @ 18.29% TGC2) (Figure 1).

The CEI grant program will considerably de-risk work associated with a poten’ally signiﬁcant

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ancillary value add-on for Millennium as the company con’nues to advance the project towards

future produc’on. Importantly, grant funds provide direct cost support for the ac’vi’es and do

not require co-contribu’on.

MBK plans to undertake addi’onal work on both graphite poten’al and expansion of the

exis’ng Co-Cu-Au resource while the rig is on site.

Grant work is scheduled to commence in Q2 2025 with comple’on before late Q4 2025, and the

Company looks forward to upda’ng the market with drilling and metallurgical results in due

course.

Figure 1: Millennium project overview showing downhole graphite results to date and target

area of grant program

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NW Queensland District Graphite Development

Millennium is strategically located between other NW QLD graphite development projects

which are currently undergoing consolida’on (Figure 2). The Corella deposit is located 14km to

the south(13.5Mt @ 9.5% TGC) and the Burke deposit 107km due north (9.1Mt @ 14.4% TGC)3

of Millenium, both held by Lithium Energy (ASX: ‘LEL’), and the Mt Dromedary deposit (7.0Mt @

14.5% TGC) held by Novonix (ASX: ‘NVX’ and NASDAQ: ‘NVX”) is immediately adjacent to the

Burke Deposit.

Figure 2: NW QLD graphite projects map (modiﬁed aYer Lithium Energy (ASX: LEL) website.

Millennium displays matching geology to the Corella deposit, with metamorphosed graphi ’c

shales, slates and schists of the Milo Beds within the Tommy Creek Domain hos ’ng both

deposits. Both deposits are also proximal to ma ﬁc units and structural corridors which are

considered key factors for the development of high quality, high-grade graphite mineralisa’on.

Metallurgical and electrochemical test work work to date on these nearby deposits has

returned high-grade concentrate with high graphite recoveries coincident with electrochemical

test work indica’ve of material highly suitable for downstream graphite processing and

integra’on into modern baiery manufacturing and other technologies.

Millennium — Next Steps

Graphite demand con’nues to grow in line with expansion in the electric vehicle (EV) lithium-

ion baiery sector, where graphite is the key raw material consumed in EV baiery anodes (some

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20-30x the lithium content in a ‘lithium’ baiery). Despite some recent price pressure, the long-

term outlook for natural, ex-China graphite remains strong. As the industry targets diversiﬁed

supply, the focus shijs to more ESG friendly, secure sources of graphite produc ’on and

processing.

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, and a

further program of drilling to reﬁne near term scope for an Explora’on Target and/or Mineral

Resource.

Qualiﬁed Person

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

Instrument 43-101 - Standards of Disclosure for Mineral Projects. He is a shareholder and

Director of the Company.

For Further InformaQon:

Global Energy Metals Corpora’on

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twiier: @EnergyMetals | @USBaQeryMetals | @ElementMinerals

Global Energy Metals CorporaQon

(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 exploraEon and growth-stage

ba_ery mineral assets.

Global Energy Metals recognizes that the proliferaEon 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 Eon and respond to this

electriﬁcaEon 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 Eng-in, exploring and developing

prospecEve, scaleable assets in established mining and processing jurisdicEons in close proximity

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to end-use markets. Global Energy Metals is targeEng projects with low logisEcs and processing

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

collaboraEng with industry peers to strengthen its exposure to these criEcal commodiEes and

the associated technologies required for a cleaner future.

Securing exposure to these cri Ecal minerals powering the eMobility revolu Eon is a

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

of this electriﬁcaEon movement.

CauQonary Statement on Forward-Looking InformaQon:

Certain informaEon in this release may consEtute forward-looking statements under applicable

securiEes laws and necessarily involve risks associated with regulatory approvals and Emelines.

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

statements are based on reasonable assumpEons, 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 obligaEon

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

or opinions, or other factors, should change.

GEMC’s operaEons 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 operaEons

and the ability of others to meet their obliga Eons, including uncertainEes relaEng to the

ulEmate geographic spread of the virus, the severity of the disease, the dura Eon of the

outbreak, and the length of travel and quaran Ene restricEons imposed by governments of

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

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

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

aﬀect operaEons and the ability to ﬁnance its operaEons.

For more informaEon 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 RegulaEon 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.

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