GEMC.V · 2021-05-14 12:00:00

States OR to U.s. News Agencies Global Energy Metals Closes Tranche TWO of Oversubscribed Financing; Raises $1.1 Million IN Total

Financings

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

Twitter @EnergyMetals

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED

STATES OR TO U.S. NEWS AGENCIES

GLOBAL ENERGY METALS CLOSES TRANCHE TWO OF

OVERSUBSCRIBED FINANCING; RAISES $1.1 MILLION IN TOTAL

Vancouver, BC / TheNewswire / May 14, 2021 / Global Energy Metals Corpo-

ration TSXV:GEMC | OTC:GBLEF | FSE:5GE1 (“Global Energy Metals”, the

“Company” and/or “GEMC”), a company involved in the investment exposure

to the battery metals supply chain, is pleased to announce the closing of the

second tranche (the “Second Tranche”) of its non-brokered private placement

for total gross proceeds of $230,000, further to its May 6, 2021 news release .

Combined with the closing of the first tranche of its non-brokered private

placement, Global Energy Metals raised a total of CAD$1,100,000 in gross pro-

ceeds (the “Offering”).

Mitchell Smith, President and CEO commented:

“Closing this oversubscribed private placement has placed Global Energy Met-

als in a strong position to push forward with aggressive exploration programs

in Nevada and Idaho, two of the most prospective mining jurisdictions in the

United States. We look forward to continuing our bold approach to value cre-

ation as we pursue high-grade battery metal discoveries while demand for se-

cure supply of these critical raw materials accelerates in the global shift to-

wards a low-carbon economy.”

The company sold 920,000 Units in respect of the closing of the Second

Tranche. In total for the Offering, the Company sold 4,400,00 units (a “Unit”)

at a price of $0.25 per Unit, where each Unit consists of one common share (a

“Common Share”) of the Company and one transferable common share pur-

chase warrant (a “Warrant”) of the Company, where each Warrant entitles the

holder to purchase one Common Share within two years of each respective

tranche closing date at a price of $0.30 per Common Share, subject to acceler-

ation.

Closing of the Second Tranche is subject to final TSX Venture Exchange ap-

proval. The Common Shares and Warrants issued in connection with the Sec-

ond Tranche are subject to a four-month and a day hold period.

The Company will pay finders' fees in connection with the closing of the Second

Tranche in the amount of $8,000 plus 32,000 broker warrants, where each Bro-

ker Warrant entitles the holder to purchase one Common Share within one

year from the tranche closing date at $0.30 per Common Share, subject to ac-

celeration.

The net proceeds of the Offering will be used for general working capital and

business development initiatives, acquisition of a 50% interest in copper-silver-

gold and copper, nickel, cobalt, PGE properties in Idaho, USA and Quebec,

Canada, as well as for exploration drilling activities at its Nevada, USA projects.

All securities to be issued pursuant to the Offering will be subject to a four

month and a day hold period from the closing date under applicable securities

laws in Canada and among other things, receipt by Global Energy Metals of all

necessary regulatory approvals, including the TSX Venture Exchange.

Warrants are subject to an acceleration clause whereby if on any 10

consecutive trading days occurring after four months and one day has elapsed

from the closing date, the daily volume weighted average trading price of the

common shares of the Company is at least $0.50 per share, the Company may

accelerate the expiry date of the warrants to the 30th day after the date on

which the Company gives notice to the subscriber in accordance with the

warrant of such acceleration.

The securities issued in connection with the Offering have not been nor will

they be registered under the United States Securities Act of 1933, as amended,

or state securities laws, and may not be offered or sold in the United States or

to an account for the benefit of US persons, absent such registration or an

exemption from registration. This press release shall not constitute an offer to

sell or the solicitation of an offer to buy the securities in the United States or in

any jurisdiction in which such offer, sale, or solicitation would be unlawful.

Global Energy Metals Corporation

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

Global Energy Metals Corp. offers investment exposure to the growing

rechargeable battery and electric vehicle market by building a diversified global

portfolio of exploration and growth-stage battery mineral assets.

Global Energy Metals recognizes that the proliferation and growth of the

electrified economy in the coming decades is underpinned by the availability of

battery metals, including cobalt, nickel, copper, lithium and other raw

materials. To be part of the solution and respond to this electrification

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

approach and in doing so have assembled and are advancing a portfolio of

strategically significant investments in battery metal resources.

As demonstrated with our current copper, nickel and cobalt projects in Canada,

Australia, Norway and the United States, we’re investing-in, exploring and

developing prospective, scaleable assets in established mining and processing

jurisdictions in close proximity to end-use markets. We’re targeting projects

with low logistics and processing risks, so that they can be fast tracked to enter

the supply chain in this cycle. We’re also collaborating with industry peers to

strengthen our exposure to these critical commodities and the associated

technologies required for a cleaner future.

Securing exposure to these critical minerals powering the eMobility revolution

is a generational investment opportunity. We believe the the time to be part of

this electrification movement.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twitter: @EnergyMetals | @USBatteryMetals | @ElementMinerals

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking statements

under applicable securities laws and necessarily involve risks associated with

regulatory approvals and timelines. Although Global Energy Metals believes the

expectations expressed in such forward-looking statements are based on

reasonable assumptions, such statements are not guarantees of future

performance and actual results or developments may differ materially from

those in the forward-looking statements. Except as required by law, the

Company undertakes no obligation to update these forward-looking

statements in the event that management’s beliefs, estimates or opinions, or

other factors, should change.

GEMC’s operations 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 operations and the ability of others to meet

their obligations, including uncertainties relating to the ultimate geographic

spread of the virus, the severity of the disease, the duration of the outbreak,

and the length of travel and quarantine restrictions imposed by governments

of affected countries. In addition, a significant outbreak of contagious diseases

in the human population could result in a widespread health crisis that could

adversely affect the economies and financial markets of many countries,

resulting in an economic downturn that could further affect operations and the

ability to finance its operations.

For more information 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 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.

We seek safe harbour.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS,

IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE

AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY

OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.

THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED

UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,

OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR

SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS

REGISTERED OR EXEMPT THEREFROM.

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