GEMC.V · 2021-11-15 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Early Warrant Exercise Incentive Program to Advance Battery Mineral Projects IN the United States

Financings 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 ANNOUNCES EARLY WARRANT

EXERCISE INCENTIVE PROGRAM TO ADVANCE BATTERY MINERAL

PROJECTS IN THE UNITED STATES

Vancouver, BC / TheNewswire / November 15, 2021 / Global Energy

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 ( “ G l o b a l

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

investment exposure to the ba 6ery metals supply chain, is pleased to

announce that the Company will make an applica :on to the TSX Venture

Exchange (the “Exchange”) for approval of the implementa:on of a proposed

early warrant exercise incen:ve program (the “Incen:ve Program”) intended

to encourage the early exercise of up to 4,794,000 outstanding share

purchase warrants (the “Eligible Warrants”) of the Company.

Proceeds of the Incen:ve Program will be used to fund explora:on expansion

programs at the Company’s projects in both Nevada and Idaho, USA and for

general working capital. For more informa:on on these programs please refer

to the news releases dated October 18, 2021 and September 9, 2021.

Mitchell Smith, President and CEO, stated:

“This is an opportunity for in-the-money warrant holders to exercise their

Warrants early and receive a strong incen:ve to do so. It also provides addi-

:onal capital to con:nue the advancement of the Company’s corporate inter-

ests including expanding the exis:ng work programs at the baAery mineral

rich Lovelock Cobalt Nickel Copper Mine and Treasure Box projects in Nevada

and the Monument Peak Copper-Silver-Gold project in Idaho.”

The Eligible Warrants were originally issued by the Company as part of units

of the Company issued pursuant to the Company’s private placement ﬁnanc-

ing completed on September 29, 2020. Each whole Eligible Warrant is current-

ly exercisable to acquire one common share of the Company at a price of

$0.15 per share. Eligible Warrants will expire on September 7 and September

28, 2023.

In order to encourage the early exercise of such Eligible Warrants, the Com-

pany will be seeking approval of the Exchange to an amendment to the terms

of the Eligible Warrants to enable the holders to receive an Incen:ve Warrant

(as deﬁned and described below) for each whole Eligible Warrant exercised on

or prior to 4:00 p.m. (PST) for a period of 30 days from receipt of Exchange

acceptance (the “New Warrant Expiry Date”) at the price of $0.15 per Eligible

Warrant.

A porMon of the Eligible Warrants are held by insiders of the Company. ParMc-

ipaMon by any such insiders in the IncenMve Program may consMtute a related

party transacMon pursuant to MulMlateral Instrument 61-101 – Special Trans-

acMons (“MI 61-101”). The Company is exempt from the formal valuaMon re-

quirement pursuant to subsecMons 5.5(a) and (b) of MI 61-101, and from the

minority approval requirement pursuant to subsecMon 5.7(1)(a) of MI 61-101.

Subject to the receipt of approval of the Exchange to the Incen:ve Program

and the resul:ng amendment to the Eligible Warrants, each holder of a whole

Eligible Warrant who elects to exercise their Eligible Warrant at the price of

$0.15 on or prior to 4:00 p.m. (PST) on the New Warrant Expiry Date will re-

ceive:

•the common shares in the capital of the Company to which they are other-

wise en:tled under the terms of the Eligible Warrants; and

•for every one (1) Eligible Warrant exercised, one (1) addi :onal common

share purchase warrant of the Company (each, an “Incen:ve Warrant”) en-

:tling the holder to acquire an addi:onal common share of the Company at

a price of $0.40 per share, or such other exercise price as may be acceptable

to the Exchange, for a period of eighteen (18) months from the date of is-

suance of such Incen:ve Warrant. The Incen:ve Warrants, and any shares

issued upon exercise thereof, will be subject to a four-month hold period

from the date of issuance of such warrants.

The Company will issue a further news release conﬁrming the terms and con-

di:ons of the proposed Incen:ve Program upon receipt of approval from the

Exchange.

To the extent that holders of Eligible Warrants take advantage of the opportu-

nity to exercise their Eligible Warrants early, this will strengthen the Compa-

ny’s current cash posi:on. In the case of holders of Eligible Warrants who

elect not to exercise their Eligible Warrants on or prior to 4:00 p.m. (PST) on

the New Warrant Expiry Date, such Eligible Warrants will con:nue to be exer-

cisable for common shares of the Company on the same terms that previously

existed.

The securi:es being oﬀered will not be registered under the United States Se-

curi:es Act of 1933, as amended and may not be oﬀered or sold within the

United States absent registra:on or an exemp:on from the registra:on re-

quirements. This news release does not cons:tute an oﬀer to sell or a solicita-

:on of an oﬀer to buy any of the securi:es in the United States.

Global Energy Metals Corporation

(TSXV:GEMC | OTC: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 porMolio of explora:on and growth-stage baAery mineral assets.

Global Energy Metals recognizes that the prolifera :on 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 :on and respond to this electri ﬁca:on

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

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

strategically signiﬁcant investments in baAery metal resources.

As demonstrated with the Company’s current copper, nickel and cobalt

projects in Canada, Australia, Norway and the United States, GEMC is

inves:ng-in, exploring and developing prospec :ve, scaleable assets in

established mining and processing jurisdic:ons in close proximity to end-use

markets. Global Energy Metals is targe:ng projects with low logis:cs and

processing risks, so that they can be fast tracked to enter the supply chain in

this cycle. The Company is also collabora :ng with industry peers to

strengthen its exposure to these cri :cal commodi:es and the associated

technologies required for a cleaner future.

Securing exposure to these cri:cal minerals powering the eMobility revolu:on

is a genera:onal investment opportunity. Global Energy Metals believe the the

:me to be part of this electriﬁca:on movement.

For Further InformaRon:

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

Twi6er: @EnergyMetals | @USBa6eryMetals | @ElementMinerals

Subscribe to the GEMC eNewsle6er

CauRonary Statement on Forward-Looking InformaRon:

Certain informa:on in this release may cons:tute forward-looking statements

under applicable securi:es laws and necessarily involve risks associated with

regulatory approvals and :melines. Although Global Energy Metals believes

the expecta:ons expressed in such forward-looking statements are based on

reasonable assump:ons, 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 :on to update these forward-looking

statements in the event that management’s beliefs, es:mates or opinions, or

other factors, should change.

GEMC’s opera:ons 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 opera:ons and the ability of others to meet

their obliga:ons, including uncertain:es rela:ng to the ul:mate geographic

spread of the virus, the severity of the disease, the dura:on of the outbreak,

and the length of travel and quaran:ne restric:ons imposed by governments

of aﬀected countries. In addi:on, a signiﬁcant outbreak of contagious diseases

in the human popula:on could result in a widespread health crisis that could

adversely aﬀect the economies and ﬁnancial markets of many countries,

resul:ng in an economic downturn that could further aﬀect opera:ons and

the ability to ﬁnance its opera:ons.

For more informa:on 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 Regula:on 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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