GEMC.V · 2023-03-01 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS ANNOUNCES SUCCESSFUL CLOSING OF THE EARLY WARRANT INCENTIVE PROGRAM

Share Capital & Compensation

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancou-

ver , BC

V6B 1R8

T +1.604.688.4219

Twitter @EnergyMetals

GLOBAL ENERGY METALS ANNOUNCES SUCCESSFUL

CLOSING OF THE EARLY WARRANT INCENTIVE PROGRAM

Vancouver, BC / TheNewswire / March 1, 2023 / Global Energy Metals Cor-

poraCon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals” ,

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

posure to the ba7ery metals supply chain, is pleased to announce that, fur-

ther to its press release dated February 7, 2023, it has received gross pro-

ceeds of $582,420 from the exercise of 7,280,250 share purchase warrants at

$0.08 per share pursuant to its early warrant exercise incenEve program (the

“Program”).

Mitchell Smith, CEO & Director, commented:

“We are pleased with the shareholder support and posi2ve outcome of this

incen2ve program. While strengthening our cash posi2on it also demonstrates

investor conﬁdence in the execu2on of Global Energy’s business plan in provid-

ing shareholders investment exposure to the baAery metals space through our

strong project and equity based porDolio.”

As an incenEve for the early exercise of their share purchase warrants, war-

rant holders received an addiEonal 7,280,250 new share purchase warrants

(each an “IncenEve Warrant”). Each IncenEve Warrant enEtles the holder to

purchase one common share of the Company for a period of 12 months from

the date of issuance of such IncenEve Warrant, at a price of $0.15. The Incen-

Eve Warrants are subject to a four month hold period from the date of is -

suance.

The IncenEve Warrants are also subject to an accelerated expiry if the volume

weighted average price of the common shares is greater than or equal to

$0.20 for any 10 consecuEve trading days and, if the Company has given no-

Ece, the IncenEve Warrants will expire 30 days following the date of such no-

Ece.

The balance of the warrants not exercised under the Program will remain out-

standing and conEnue to be exercisable for common shares of the Company

on their current terms, unEl the 15th of March, 2023 at which Eme any War-

rants that remain unexercised will expire and be cancelled.

Insiders of the Company parEcipated in the IncenEve Program and, as a re-

sult, the IncenEve Program may consEtute a "related party transacEon" with-

in the meaning of MulElateral Instrument 61-101 - ProtecEon of Minority

Shareholders in Special TransacEons ("MI 61-101"). The Company relies on

the exempEons from the formal valuaEon requirements of MI 61-101 con-

tained in secEon 5.5(a) and (b) of MI 61-101 on the basis that the fair market

value of the transacEon with insiders will not be more than 25% of the market

capitalizaEon of the Company and no securiEes of the Company are listed on

a speciﬁed market set out in such secEon, and the Company further relies on

the exempEon from the minority shareholder approval requirements of MI

61-101 contained in SecEon 5.7(1)(a) of MI 61-101 on the basis of the fair

market value of the transacEon with insiders will not be more than 25% of the

market capitalizaEon of the Company.

The IncenEve Program is subject to the ﬁnal acceptance of the TSXV .

Global Energy Metals Corporation

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

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

rechargeable baAery and electric vehicle market by building a diversi ﬁed

global porDolio of explora2on and growth-stage baAery mineral assets.

Global Energy Metals recognizes that the prolifera 2on and growth of the

electriﬁed economy in the coming decades is underpinned by the availability

of baAery metals, including cobalt, nickel, copper, lithium and other raw

materials. To be part of the solu 2on and respond to this electri ﬁca2on

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

approach and in doing so have assembled and are advancing a por Dolio of

strategically signiﬁcant investments in baAery metal resources.

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

Canada, Australia, Norway and the United States, we’re inves2ng-in, exploring

and developing prospec2ve, scaleable assets in established mining and

processing jurisdic2ons in close proximity to end-use markets. We’re targe2ng

projects with low logis2cs and processing risks, so that they can be fast

tracked to enter the supply chain in this cycle. We’re also collabora2ng with

industry peers to strengthen our exposure to these cri2cal commodi2es and

the associated technologies required for a cleaner future.

Securing exposure to these cri2cal minerals powering the eMobility revolu2on

is a genera2onal investment opportunity. We believe the the 2me to be part of

this electriﬁca2on movement.

For Further InformaCon:

Global Energy Metals CorporaEon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twi7er: @EnergyMetals | @USBa7eryMetals | @ElementMinerals

CauConary Statement on Forward-Looking InformaCon:

Certain informa2on in this release may cons2tute forward-looking statements

under applicable securi2es laws and necessarily involve risks associated with

regulatory approvals and 2melines. Although Global Energy Metals believes

the expecta2ons expressed in such forward-looking statements are based on

reasonable assump2ons, 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 2on to update these forward-looking

statements in the event that management’s beliefs, es2mates or opinions, or

other factors, should change.

GEMC’s opera2ons 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 opera2ons and the ability of others to meet

their obliga2ons, including uncertain2es rela2ng to the ul2mate geographic

spread of the virus, the severity of the disease, the dura2on of the outbreak,

and the length of travel and quaran2ne restric2ons imposed by governments

of aﬀected countries. In addi2on, a signiﬁcant outbreak of contagious diseases

in the human popula2on could result in a widespread health crisis that could

adversely aﬀect the economies and ﬁnancial markets of many countries,

resul2ng in an economic downturn that could further aﬀect opera2ons and

the ability to ﬁnance its opera2ons.

For more informa2on 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 Regula2on 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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