GEMC.V · 2022-03-07 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS ANNOUNCES INCREASE TO PRIVATE PLACEMENT OFFERING AND INTENDED CLOSING OF FIRST TRANCHE

Financings

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

GLOBAL ENERGY METALS ANNOUNCES INCREASE TO PRIVATE

PLACEMENT OFFERING AND INTENDED CLOSING OF FIRST

TRANCHE

Vancouver, BC / TheNewswire / March 7, 2022 / Global Energy Metals

CorporaOon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy

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

exposure to the baGery metals supply chain, is pleased to announce that it

has increased its previously announced non-brokered private placement (the

"Private Placement") to accommodate investor demand, subject to

acceptance of the TSX Venture Exchange.

The Private Placement will now consist of a total of 5,000,000 units (the

“Units”) at a price of $0.25 per Unit for gross proceeds of up to C$1.25

million. Each Unit will consist of one common share (a "Common Share") in

the capital of the Company and one transferrable share purchase warrant (a

“Warrant”). Each Warrant will be exercisable to purchase an addiZonal share

of the Company for a period of 24 months from the closing date at a price of

C$0.40. The Warrants are subject to an acceleraZon clause whereby if on any

10 consecuZve trading days occurring a[er 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 a[er

the date on which the Company gives noZce to the subscriber in accordance

with the warrant of such acceleraZon.

The Company also announces that it will close an iniZal tranche of the Private

Placement (the “First Tranche”), subject to TSX Venture Exchange approval. In

connecZon with the First Tranche, which was supported by exis Zng

shareholders and insiders, including oﬃcers and a director of the Company,

Global Energy Metals will issue 4,220,000 Units at a price of C$0.25 per Unit

for aggregate gross proceeds of C$1,055,000.

In connecZon with the First Tranche, the Company has agreed to pay ﬁnder’s

fees of $32,000 cash and 128,000 ﬁnder warrants priced at $0.40 per share

exercisable for a period of twelve (12) months.

The net proceeds of the Private Placement will be directed toward further

exploraZon and development of its baGery mineral properZes with a focus on

the Lovelock Mine and Treasure Box projects in Nevada, USA. Funds will also

be used to support poten Zal future acquisiZons as well as for general

corporate and working capital purposes allowing for ongoing growth strategy

execuZon.

The Company intends to close the second tranche of the Private Placement on

or before March 18, 2022 subject to certain condi Zons, including, but not

limited to, the receipt of all necessary approvals including the approval of the

TSX Venture Exchange.

All securiZes issued in connecZon with the Oﬀering will be subject to a four

month hold period from the date of closing, in accordance with applicable

Canadian securiZes laws.

Insiders, oﬃcers, and directors of the Company (collecZvely "Insiders") will

parZcipate as to 280,000 units in the First Tranche, which par ZcipaZon will

consZtute "related party transacZons" for the purposes of Mul Zlateral

Instrument 61-101, ProtecZon of Minority Security Holders in Special

TransacZons. The Company will rely upon exempZons from the requirement

to obtain a formal valuaZon and seek minority shareholder approval for the

private placement on the basis that the fair market value of the Insiders'

parZcipaZon in the private placement will be less than 25% of the Company's

current market capitalizaZon.

The securiZes to be issued in connecZon with the Oﬀering have not been nor

will they be registered under the United States Securi Zes Act of 1933, as

amended, or state securiZes laws, and may not be oﬀered or sold in the

United States or to an account for the bene ﬁt of US persons, absent such

registraZon or an exempZon from registraZon. This press release shall not

consZtute an oﬀer to sell or the solicitaZon of an oﬀer to buy the securiZes in

the United States or in any jurisdicZon in which such oﬀer, sale, or solicitaZon

would be unlawful.

Global Energy Metals Corporation

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

Global Energy Metals Corp. o ﬀers investment exposure to the growing

rechargeable ba<ery and electric vehicle market by building a diversi ﬁed

global por@olio of exploraBon and growth-stage ba<ery mineral assets.

Global Energy Metals recognizes that the prolifera Bon 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 electri ﬁcaBon

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

invesBng-in, exploring and developing prospec Bve, 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 collabora Bng with industry peers to

strengthen its exposure to these cri Bcal commodiBes and the associated

technologies required for a cleaner future.

Securing exposure to these criBcal minerals powering the eMobility revoluBon

is a generaBonal investment opportunity. Global Energy Metals believe the the

Bme to be part of this electriﬁcaBon movement.

For Further InformaOon:

Global Energy Metals CorporaZon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

Subscribe to the GEMC eNewsleGer

CauOonary Statement on Forward-Looking InformaOon:

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 diﬀer materially from

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

Company undertakes no obliga Bon 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 obligaBons, including uncertainBes relaBng to the ulBmate geographic

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

and the length of travel and quaranBne 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.

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