GEMC.V · 2024-02-02 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS PROPOSES TO EXTEND WARRANTS

Share Capital & Compensation

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 PROPOSES TO EXTEND WARRANTS

Vancouver, BC / TheNewswire / February 2, 2024 / Global Energy Metals

CorporaBon 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 and development company focused on

growth-oriented metal projects suppor’ng the global transi’on to clean

energy, proposes to extend the expiry date of previously issued warrants (the

“Incen’ve Warrants”) to purchase up to 7,280,250 common shares at an

exercise price of $0.15 per share. These warrants were issued in connec’on

with a warrant incen’ve program (the “Incen’ve Program”) that en’tled

warrant holders to purchase one common share of the Company for a period

of 12 months from the date of issuance of such Incen’ve Warrant, at a price

of $0.15. If accepted by the TSX Venture Exchange, the Company will extend

the expiry date of the share purchase warrants for one addi’onal year from

the ’me of issuance. All other terms and condi’ons of the Incen’ve Warrants

will remain unchanged.

Insiders of the Company par’cipated in the Incen’ve Program and, as a

result, the Incen’ve Program may cons’tute a "related party transac’on"

within the meaning of Mul’lateral Instrument 61-101 - Protec’on of Minority

Shareholders in Special Transac’ons ("MI 61-101"). The Company relies on

the exemp’ons from the formal valua ’on requirements of MI 61-101

contained in sec’on 5.5(a) and (b) of MI 61-101 on the basis that the fair

market value of the transac’on with insiders will not be more than 25% of the

market capitaliza’on of the Company and no securi’es of the Company are

listed on a speciﬁed market set out in such sec’on, and the Company further

relies on the exemp’on from the minority shareholder approval requirements

of MI 61-101 contained in Sec’on 5.7(1)(a) of MI 61-101 on the basis of the

fair market value of the transac’on with insiders will not be more than 25% of

the market capitaliza’on of the Company.

For Further InformaBon:

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

Twicer: @EnergyMetals | @USBa0eryMetals | @ElementMinerals

Global Energy Metals CorporaBon

(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 believes Now

is the Time to be part of this electriﬁcaBon movement.

CauBonary Statement on Forward-Looking InformaBon:

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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