GEMC:CC - Global Energy Metals to be Granted Uranium Royalty on Saskatchewan-Based Projects and Shares in Terra Balcanica

(TheNewswire)

Vancouver, BC -TheNewswire - July 3, 2024 - Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTCQB:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC”) , a multi-jurisdictional, multi-commodity critical mineralexploration, development and project generating company focused ongrowth-oriented projects supporting the global transition to cleanenergy announces that, further to the Company's news release dated April 3,2024 , that TerraBalcanica Resources Corp. (“Terra”) haveentered into a definitive option agreement (“Agreement’) with awholly owned subsidiary of Fulcrum MetalsPlc. , (“Fulcrum”, AIM:FMET) to acquire a 100%interest in Fulcrum’s uranium portfolio of exploration licences (the“Licences”) located in northern Saskatchewan, Canada andcollectively encompassing 596.71 km 2 of highly prospective ground for a uraniumdiscovery.

Details of the Agreement can be found in announcements made by bothTerra and Fulcrum.

As consideration for terminating the prior agreement between Fulcrum and GlobalEnergy and facilitating Terra as a new strategicpartner, Global Energy will, subject to regulatory approval, becompensated with the equivalent of C$150,000 in shares in Terra andgranted a 0.5% NSR over the Saskatchewan based project portfolio onclosing.

Mitchell Smith, President and CEO commented on thetransaction:

“We are pleased to see this arrangement between Terra Balcanicaand Fulcrum executed and as a result the granting of a NSR royalty onthis highly prospective Athabasca basin uranium portfolio to Globaland additionally being issued shares in Terra strengthening Global’sequity holdings in public exploration, development and royaltycompanies.”

Portfolio Overviewand Discovery Opportunity

The projectportfolio totals 596.71km 2 targeting major NE-SW trending structures along strike fromhistoric uranium mines and projects that have attracted significantinvestment. Discoveries such as the Arrow discovery (4.3m tonnes at0.83% U308 https://www.nexgenenergy.ca/exploration/overview/) andTriple R discovery (2.7m tonnes at 1.94% U308https://fissionuranium.com/projects/triple-r-deposit/project-overview/)have proved the concept of exploring along structure outside of theAthabasca basin. This potential has been confirmed through initialexploration and evaluation by Fulcrum in 2023.  A significant numberof high-grade uranium showings occur within the Projects in additionto historical small-scale uranium mining. Future exploration throughthe undertaking of a modern systematic geologic evaluation todetermine the resource potential will be a top-priority forTerra.

Figure 1. Regional map of northern Saskatchewan, Canada which is oneof the world's leading

Click Image To View Full Size

Terra BalcanicaResources

Terra Balcanicais a polymetallic and energy metals exploration company targetinglarge-scale mineral systems in the Balkans of southeastern Europe andnorthern Saskatchewan, Canada. The Company has 90% interest in theViogor-Zanik Project in eastern Bosnia and Herzegovina and owns 100%of the Ceovishte mineral exploration licence in southern Serbia. TheCanadian assets comprise a 100% optioned portfolio ofuranium-prospective licences at the outskirts of the world-renownedAthabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, andSouth Pendleton. The Company emphasizes responsible engagement withlocal communities and stakeholders. It is committed to proactivelyimplementing Good International Industry Practice (GIIP) andsustainable health, safety, and environmental management.

Fulcrum MetalsPlc

Fulcrum MetalsPLC (LON: FMET) is an AIM quoted exploration company which financesand manages exploration projects focused on Canada, widely recognisedas a top mining jurisdiction.

Fulcrumcurrently holds a beneficial 100% interest in highly prospective goldand base metals projects in Ontario and uranium projects inSaskatchewan.

Fulcrum’sstrategy is to focus on discovery and commercialisation of itsProjects through targeted exploration programmes. The primary focus isto make an economic discovery on the flagship Schreiber-HemloProperties and to establish the prospectivity of its wider Ontario andSaskatchewan portfolio with a view to securing potential joint ventureand/or acquisition interest.

While highlyprospective, Fulcrum’s mining assets are in the exploration phase,so Fulcrum stands to be able to add significantly to the inherentvalue through exploration success. Fulcrum will continually reviewopportunities with potential and with a view to increasing shareholdervalue. It is the Board’s intention to deliver medium and long-termgrowth and to establish the Group as a significant explorationcompany.

QualifiedPerson

Mr. Paul Sarjeant, P. Geo., is the qualified person for this releaseas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects.  He is a shareholder and Director of theCompany.

ForFurther Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

www.globalenergymetals.com

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Global Energy MetalsCorporation

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

Global Energy MetalsCorp. offers investment exposure to the growing rechargeable batteryand electric vehicle market by building a diversified global portfolioof exploration and growth-stage battery mineral assets.

Global Energy Metals recognizes that the proliferation and growth ofthe electrified economy in the coming decades is underpinned by theavailability of battery metals, including cobalt, nickel, copper,lithium and other raw materials. To be part of the solution andrespond to this electrification movement, Global Energy Metals hastaken a ‘consolidate, partner and invest’ approach and in doing sohave assembled and are advancing a portfolio of strategicallysignificant investments in battery metal resources.

As demonstrated with the Company’s current copper, nickel andcobalt projects in Canada, Australia, Norway and the United States,GEMC is investing-in, exploring and developing prospective, scaleableassets in established mining and processing jurisdictions in closeproximity to end-use markets. Global Energy Metals is targetingprojects with low logistics and processing risks, so that they can befast tracked to enter the supply chain in this cycle.  The Companyis also collaborating with industry peers to strengthen its exposureto these critical commodities and the associated technologies requiredfor a cleaner future.

Securing exposure to these critical minerals powering the eMobilityrevolution is a generational investment opportunity. Global EnergyMetals believes Now is the Time to be part of this electrificationmovement.

Cautionary Statement on Forward-LookingInformation:

Certain information in this release may constitute forward-lookingstatements under applicable securities laws and necessarily involverisks associated with regulatory approvals and timelines. AlthoughGlobal Energy Metals believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Except as required by law, the Companyundertakes no obligation to update these forward-looking statements inthe event that management’s beliefs, estimates or opinions, or otherfactors, should change.

GEMC’s operations could be significantly adversely affected by theeffects of a widespread global outbreak of a contagious disease,including the recent outbreak of illness caused by COVID-19. It is notpossible to accurately predict the impact COVID-19 will have onoperations and the ability of others to meet their obligations,including uncertainties relating to the ultimate geographic spread ofthe virus, the severity of the disease, the duration of the outbreak,and the length of travel and quarantine restrictions imposed bygovernments of affected countries. In addition, a significant outbreakof contagious diseases in the human population could result in awidespread health crisis that could adversely affect the economies andfinancial markets of many countries, resulting in an economic downturnthat could further affect operations and the ability to finance itsoperations.

For more information on Global Energy and the risks and challengesof their businesses, investors should review the filings that areavailable 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 thisrelease.

We seek safe harbour.

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