GEMC:CC - Global Energy Metals Announces Approval and Launch of Early Warrant Exercise Incentive Program

January, 27 2023 09:15 AM Global Energy Metals Corporation

(TheNewswire)

Vancouver, BC - TheNewswire - January27, 2023 - Global Energy Metals Corporation (TSXV:GEMC) (OTCQB:GBLEF)(FSE:5GE1) (“Global Energy Metals”, the “Company” and/or“GEMC”) , multi-jurisdictional,multi-commodity critical mineral exploration and development companyfocused on growth-oriented battery metal projects supporting theglobal transition to clean energy, announces that further to theCompany's news release datedDecember 19, 2022 and January 16,2023 , the Company hasreceived conditional acceptance from the TSX Venture Exchange (the“Exchange”) for the implementation of its early warrant exerciseincentive program (the “Program”) intended to encourage the earlyexercise of up to 13,506,500 share purchase warrants (the“Eligible Warrants") that were issued pursuant to threenon-brokered private placements that closed in September 2020, May2021 and March 2022.

The Program will commence January 27,2023, at 9:00 a.m. PST and expire on February 27, 2023, at 4:00 p.m.PST (the “Early Exercise Expiry Date”).

Under the Program,holders of Eligible Warrants who elect to exercise their EligibleWarrants at the price of $0.08 per Eligible Warrant before the EarlyExercise Expiry Date will receive:

• common shares in thecapital of the Company to which they are otherwise entitled under theterms of the Eligible Warrants; and

• one additional commonshare purchase warrant of the Company (each, an "IncentiveWarrant") entitling the holder to acquire an additional commonshare of the Company at a price of $0.15 per share for a period oftwelve (12) months from the date of issuance of such IncentiveWarrant, subject to acceleration as noted below.

Additional details of the Program,including the documentation required to be delivered by holders to theCompany on or before the Early Exercise Expiry Date, are available inthe Company's news release dated January 16,2023 .

Each holder of Eligible Warrants will receive a Noticeof Early Warrant Exercise Incentive Program substantially in the formattached hereto as Schedule A.

The Incentive Warrants will be subjectto a four month hold period from the date of issuance and will includea warrant acceleration provision pursuant to which the Company will bepermitted to accelerate the expiry date of the Incentive Warrants ifthe closing price of the Company's Common Shares on the Exchange remains at orabove $0.20 for a period of ten consecutive days (the"Acceleration Event").

In the event the Company exercises theAcceleration Event (by disseminating a news release advising of theAcceleration Event), holders will have 30 days to exercise theIncentive Warrants, after which the unexercised Incentive Warrantswill be void and of no effect.

If all of the Eligible Warrants areexercised during the Early Exercise Period, GEMC expectsto:

Receive gross proceeds of approximately$1,080,520 on or before the Early Exercise ExpiryDate;
Issue up to 13,506,500 common sharespursuant to the exercise of the Warrants by holders in accordance withthe original terms of the Warrants; and
Issue up to 13,506,500 IncentiveWarrants to Warrant holders pursuant to the early exercise of theWarrants on or before the Early Exercise Expiry Date.

Holders of Eligible Warrants who electto participate in the Program will be required to deliver thefollowing to the Company on or prior to 4:00 p.m. (Vancouver time) onthe Early Exercise Expiry Date.

a duly completed and executed ExerciseForm, in the form which accompanies the certificate representing theEligible Warrants;
the original certificate representingthe Eligible Warrants being exercised; and
the applicable aggregate exercise pricepayable to the Company by way of certified cheque, money order, bankdraft, or wire transfer in lawful money of Canada.

To the extent that holders of theEligible Warrants take advantage of the opportunity to exercise theirWarrants early, this will strengthen Global Energy’s current cashposition and provide the Company with additional working capital tomeet its on-going business obligations.

The transaction is subject to thereceipt of all final regulatory approvals, including the approval ofthe Exchange. Any Eligible Warrants that are not exercised prior tothe Early Exercise Expiry Date will remain outstanding and continue tobe exercisable for Common Shares on their existingterms.

The Eligible Warrants were originallyissued by the Company as part of a unit issued in connection withprivate placement financings completed in September 2020, May 2021 andMarch 2022. The underlying Common Shares and Incentive Shares to beissued pursuant to the exercise of the Warrants have not been, andwill not be, registered under the U.S. Securities Act or any U.S. state securities laws, andmay not be offered or sold in the United States or to, or for theaccount or benefit of, United States persons absent registration orany applicable exemption from the registration requirements of theU.S. Securities Act and applicable U.S. state securities laws. Thispress release does not constitute an offer to sell or the solicitationof an offer to buy securities in the United States, nor in any otherjurisdiction.

Global Energy Metals Corporation

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

Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electricvehicle market by building a diversified global portfolio ofexploration and growth-stage battery mineral assets.

Global Energy Metalsrecognizes that the proliferation and growth of the electrifiedeconomy in the coming decades is underpinned by the availability ofbattery metals, including cobalt, nickel, copper, lithium and otherraw materials. To be part of the solution and respond to thiselectrification movement, Global Energy Metals has taken a‘consolidate, partner and invest’ approach and in doing so haveassembled and are advancing a portfolio of strategically significantinvestments in battery metal resources.

As demonstrated withthe Company’s current copper, nickel and cobalt projects in Canada,Australia, Norway and the United States, GEMC is investing-in,exploring and developing prospective, scaleable assets in establishedmining and processing jurisdictions in close proximity to end-usemarkets. Global Energy Metals is targeting projects with low logisticsand processing risks, so that they can be fast tracked to enter thesupply chain in this cycle. The Company is also collaborating withindustry peers to strengthen its exposure to these criticalcommodities and the associated technologies required for a cleanerfuture.

Securing exposure tothese critical minerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believesNow is the Time to be part of this electrificationmovement.

For FurtherInformation:

Global Energy MetalsCorporation

#1501-128 West PenderStreet

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

www.globalenergymetals.com

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Cautionary Statementon Forward-Looking Information:

Certain informationin this release may constitute forward-looking statements underapplicable securities laws and necessarily involve risks associatedwith regulatory approvals and timelines. Although Global Energy Metalsbelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those in the forward-looking statements.Except as required by law, the Company undertakes no obligation toupdate these forward-looking statements in the event thatmanagement’s beliefs, estimates or opinions, or other factors,should change.

GEMC’s operationscould be significantly adversely affected by the effects of awidespread global outbreak of a contagious disease, including therecent outbreak of illness caused by COVID-19. It is not possible toaccurately predict the impact COVID-19 will have on operations and theability of others to meet their obligations, including uncertaintiesrelating to the ultimate geographic spread of the virus, the severityof the disease, the duration of the outbreak, and the length of traveland quarantine restrictions imposed by governments of affectedcountries. In addition, a significant outbreak of contagious diseasesin the human population could result in a widespread health crisisthat could adversely affect the economies and financial markets ofmany countries, resulting in an economic downturn that could furtheraffect operations and the ability to finance itsoperations.

For more informationon Global Energy and the risks and challenges of their businesses,investors should review the filings that are available atwww.sedar.com.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

We seek safeharbour.

Company Name:	Global Energy Metals Corporation
Stock Symbol:	GEMC:CC
Market:	TSXVC
Website:	globalenergymetals.com