GEMC.V · 2020-03-16 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Private Placement to Further Explore and Earn-IN 85% Interest IN Battery Metals Projects IN Nevada

Financings Mergers & Acquisitions Property Options & Staking

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 PRIVATE

PLACEMENT TO FURTHER EXPLORE AND EARN-IN 85%

INTEREST IN BATTERY METALS PROJECTS IN NEVADA

Vancouver, BC / TheNewswire / March 16, 2020 / Global Energy

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global

Energy Metals”, the “Company” and/or “GEMC”) is pleased to

announce that it plans to complete a non-brokered private placement for

gross proceeds of up to $500,000 (the "Private Placement") upon compleTon

of its 10 old for 1 new share consolidaTon (the “ConsolidaTon”) as announced

on March 10, 2020. CompleTon of the Private Placement will be subject to

TSX Venture Exchange approval.

Mitchell Smith, President & CEO comments:

“The transi+on to a clean-energy world using ba6ery technology is being con-

sidered as one of the largest investment opportuni+es of the decade. Global

Energy Metals is building a company to provide its shareholders exposure to

this growing investment trend. This ﬁnancing sets a path forward to further

validate our role in the cobalt and ba6ery mineral supply chain through the

acquisi+on and development of cobalt-nickel-copper projects located in Neva-

da, a premier mining jurisdic+on.”

Global Energy’s management believes that advancing and acquiring an 85

percent interest in the Lovelock and Treasure Box projects in Nevada provides

the Company with high-potenTal, growth-stage exploraTon projects in a well

established mining district. AddiTonally it provides the foundaTon to develop

a domesTc supply of baGery metals criTcal to naTonal and economic security

at a Tme when the importance of domesTc mineral independence is recog-

nized as being criTcal to the transiTon towards a low carbon, baGery intensive

energy system.

Energy security has, for decades, been high on the agenda of poliTcs and de-

fense, but only recently has it included minerals and metals, now deemed

‘criTcal.’ As the new energy transiTon evolves so to will the need for it to be

more mineral-intensive and mineral independence, domesTc reﬁnement and

manufacturing will be key to this movement.

This ﬁnancing complements the recently announced commitment by Electric

RoyalTes Ltd. (“Electric RoyalTes”) that provides Global Energy Metals with an

aGracTve form of ﬁnancing and short term investments via the spin-out of a

small royalty on its Queensland, Australian projects. The royalty also provides

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED

STATES OR TO U.S. NEWS AGENCIES

an opTon to fund future development at Millennium and the Mount Isa

projects (the “Projects) in a non-diluTve manner to the company and create

an opportunity for cross markeTng promoTon with a strong royalty partner .

For more informaTon on this signiﬁcant endorsement of the Projects and col-

laboraTon with Electric RoyalTes please see our news release dated February

27, 2020.

Proposed Private Placement

Global Energy plans to raise up to $500,000 through a Private Placement,

consisTng of up to 6,666,667 units at a post-ConsolidaTon price of $0.075 per

Unit (the "Units"). Each Unit will consist of one post-ConsolidaTon Share of

the Company and one Share purchase warrant (a "Warrant"). Each Warrant

will enTtle the holder to purchase one addiTonal post-ConsolidaTon Share of

the Company at a price of $0.10 for three (3) years. Finder's fees may be paid

in connecTon with the Private Placement subject to and in accordance with

the policies of the TSX Venture Exchange. All securiTes will be subject to a

four month hold period from the date of closing.

The Private Placement is subject to TSX Venture Exchange approval and is

intended to close ajer the compleTon of the ConsolidaTon.

The Company proposes to use the proceeds to begin stage-two exploraTon

work and earn an 85% interest in the Nevada based baGery metals projects,

as well as for new technologies related to building baGery mineral supply

chain to power a clean energy future, and for general corporate purposes.

Global Energy Metals Corporation

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

Global Energy Metals provides investors and partners with exposure to the

immediate need for metals criTcal to the new energy economy by building a

diversiﬁed global porlolio of cobalt and baGery metals rich projects in top-

Ter mining jurisdicTons with exploraTon & development upside to become a

supply chain soluTon to safe and reliable cobalt for downstream partners.

Global Energy Metals holds 100% of the Millennium Cobalt Project and two

neighbouring discovery stage exploraTon-stage cobalt assets in Mt. Isa,

Australia. It also currently owns 70% of the Werner Lake Cobalt Mine in

Ontario, Canada and has entered into an agreement to acquire an 85%

interest in two cobalt-nickel-copper exploraTon projects in Nevada, 150km

East of the Tesla Gigafactory.

For Further Information:

Global Energy Metals CorporaTon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219 extensions 236/237

TwiGer: @EnergyMetals

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking

statements under applicable securities laws and necessarily involve

risks associated with regulatory approvals and timelines. Although

Global Energy Metals believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions,

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 obligation to update these forward-looking statements in

the event that management’s beliefs, estimates or opinions, or other

factors, should change. For more information 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 Regulation 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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS,

IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE

AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY

OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.

THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED

UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,

OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR

SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS

REGISTERED OR EXEMPT THEREFROM.

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