GEMC.V · 2022-03-25 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

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 CLOSES SECOND AND FINAL TRANCHE

OF PRIVATE PLACEMENT

Vancouver, BC / TheNewswire / March 25, 2022 / Global Energy Metals

CorporaNon 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,

further to the March 7th, 2022 news release announcing the closing of the

ﬁrst tranche of the Private Placement (the "Private Placement"), it has closed

the second and ﬁnal tranche (the "Second Tranche") of a non-brokered

private placement for aggregate gross proceeds of $165,625, subject to ﬁnal

acceptance of the TSX Venture Exchange.

In total, 4,882,500 Units were issued for both tranches of the Private

Placement, for aggregate gross proceeds of C$1,220,625.

Global Energy Metals CEO and President Mitchell Smith commented:

"We are very pleased to have completed this oversubscribed private place -

ment. The placement was oversubscribed by a total of $220,625 above the

original goal of $1 million. The addiBonal interest in this placement signiﬁes

the conBnually increasing interest in not only the baDery metals market but

Global Energy itself. With the ﬁnancing closed the companies' technical team

can conBnue to advance our Nevada-based Lovelock and Treasure Box

projects and all exploraBon planned for 2022."

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

plora[on and development of its baGery mineral proper[es with a focus on

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

be used to support poten[al future acquisi[ons as well as for general corpo-

rate and working capital purposes allowing for ongoing growth strategy exe-

cu[on.

The Second Tranche of the Private Placement consists of the issuance of

662,500 units of the Company (each a "Unit") at a price of $0.25 per Unit to-

taling C$165,625 with a full transferable warrant at a price of $0.40 for 24

months. Each Unit is comprised of one common share in the capital of the

Company (a "Common Share"), and one Common Share purchase warrant

(each a "Warrant").

Comple[on of the Private Placement is subject to a number of condi[ons, in-

cluding without limita[on, receipt of TSX Venture Exchange ("TSXV") approval.

The Company will pay ﬁnder's fees in accordance with the policies of the TSXV

consis[ng of a cash commission equal to up to 8% of the gross proceeds

raised under the Private Placement and ﬁnder warrants ("Finder Warrants") in

an amount equal to up to 8% of the number of Units sold pursuant to the Pri-

vate Placement. Each Finder Warrant will en[tle the holder thereof to pur-

chase one common share of the Company at a price of $0.40 per share for a

period of one year . Total fees paid to all Finders for the Second Tranche com-

prise C$1,200 and 4,800 Finder Warrants.

All securi[es issued on closing of the Second Tranche of the Private Placement

will be subject to a statutory hold period expiring July 26, 2022 (four-months

and one day from closing). All Warrants, excluding Finder Warrants, issued

pursuant to the Second Tranche will expire on March 24, 2024. Finder War-

rants will expire on March 24, 2023.

The securi[es to be issued in connec[on with the Oﬀering have not been nor

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

amended, or state securi[es 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

registra[on or an exemp[on from registra[on. This press release shall not

cons[tute an oﬀer to sell or the solicita[on of an oﬀer to buy the securi[es in

the United States or in any jurisdic[on in which such oﬀer, sale, or solicita[on

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 baDery and electric vehicle market by building a diversi ﬁed

global porQolio of exploraBon and growth-stage baDery 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 baDery 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 Qolio of

strategically signiﬁcant investments in baDery 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 InformaNon:

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

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

Subscribe to the GEMC eNewsleGer

CauNonary Statement on Forward-Looking InformaNon:

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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