Global Energy Metals Enters Into Option Agreement with Zimtu Capital to Advance the Monument Peak Project, Idaho

(TheNewswire)

Vancouver, BC -TheNewswire - January 14, 2026 - 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,  is pleased to announce that it has entered into anon-binding letter agreement with Zimtu Capital Corp.(“Zimtu”) providing for a proposed option agreement (the “OptionAgreement”) to advance exploration and development at theCompany’s Monument Peaksilver–copper–goldproject (“Monument Peak”or the “Project”) located in Idaho, USA.

Under the proposed Option Agreement,Zimtu (or an approved assignee) would be granted a multi-stage optionover a four-year term to acquire Global Energy Metals’ entire 50%interest in Monument Peak, subject to a 1.0% net smelter returnsroyalty (“NSR Royalty”) in favour of the Company.

The transaction provides Global EnergyMetals with non-dilutive exposure to exploration success at MonumentPeak through cash payments, equity consideration, explorationexpenditures, and retained royalty interest.

Mitchell Smith, President and CEO, Director of Global Energy Metalscommented:

“This OptionAgreement with Zimtu provides a compelling pathway to unlock themineral potential at Monument Peak while preserving meaningful upsidefor Global Energy Metals. The transaction aligns with our disciplinedgrowth strategy—monetizing non-core assets for cash, equity, andexploration investment, while retaining long-term exposure through a1% NSR royalty and share ownership. Proceeds will strengthen ourbalance sheet and support the evaluation of new growthopportunities.”

KeyTerms of the Option Agreement

Pursuant to theOption Agreement, Zimtu, an arm’s-length party to the Company, mayearn a 100% interest in Global Energy Metals’ 50% ownership inMonument Peak by making a series of cash payments, share issuances,and exploration expenditures, as outlined below (all amounts inCanadian dollars):

Option Paymentsand Milestones

1. Initial Payment(Closing)

• • $50,000 incash 

  • Issuance of100,000 common shares of Zimtu (or its assignee) 

  • Payable within90 days of TSX Venture Exchange approval 

If the Option isassigned prior to Closing, the share consideration will be adjusted toreflect a value of $100,000 in shares of the assignee atClosing.

2. First MilestonePayment

Upon the earlierof:

• • The firstanniversary of Closing, or 

  • Publicannouncement confirming completion of two (2) drill holes on theProject Zimtu (or assignee) will: 

  • Pay $150,000 incash 

  • Issue shareshaving a deemed value of $150,000 

3.Second Milestone Payment
Upon theearlier of:       

• • The secondanniversary of Closing, or 

  • Publicannouncement confirming completion of ten (10) drill holes Zimtu (orassignee) will: 

  • Pay $200,000 incash 

  • Issue shareshaving a deemed value of $250,000 

4.Third Milestone Payment
Upon theearlier of:

• • The fourthanniversary of Closing, or 

  • Publicannouncement of a new mineral resource estimate Zimtu (or assignee)will: 

  • Pay $250,000 incash 

  • Issue shareshaving a deemed value of $250,000 

Exploration Commitment

Zimtu (or itsassignee) must incur a minimum of $1,000,000 in direct explorationexpenditures on the Project within 12 months of Closing, subject topermitting timelines and site access.

BoardRepresentation

Should theOption be assigned, the parties will enter into an Investor RightsAgreement, under which Global Energy Metals will have the right tonominate one board member of the assignee, subject to Zimtu’s priorconsent, for a period of 16 months from Closing.

NSR Royalty

Upon exercise ofthe Option, Global Energy Metals will retain a 1.0% NSR royalty on theProject.

• • 0.5% of the NSRmay be repurchased by the Optionee for $1,000,000 within the firstfive years, or $2,000,000 thereafter. 

Any shares issued to Global Energy Metals under theOption Agreement will be subject to applicable resale restrictions. Inaddition, the Company has agreed to a voluntary 12-month hold periodon all shares received under the agreement.

This newsrelease contains forward-looking statements within the meaning ofapplicable securities laws, including statements regarding theproposed Option Agreement, exploration commitments, milestonepayments, and potential advancement of the Monument Peak Project.Forward-looking statements are subject to known and unknown risks,uncertainties, and other factors that may cause actual results todiffer materially.

The OptionAgreement is non-binding and remains subject to the execution ofdefinitive documentation and approval of the TSX Venture Exchange.There can be no assurance that the transaction will be completed asproposed or at all.

Neither the TSXVenture Exchange nor its Regulation Services Provider acceptsresponsibility for the adequacy or accuracy of this release.

The Monument Peak Project

The Monument PeakProject consists of 84 contiguous, unpatented lodemining claims totalling approximately 689.77 hectares. The Projecthosts two historical copper mines, Jackson and Hungry Hill, which sawlimited production in the early 1900s.

Historical andmodern exploration has confirmed the presence of high-gradecopper–silver ± gold mineralization along a 3+ kilometrenorthwest–southeast structural trend.

Notable resultsfrom prior programs include:

• • Grab samplesranging from 1% to 20.9% copper and 3.4 to 305 g/t silver 

2021 samplingresults including:

• • 5.61% Cu and42.8 g/t Ag (Sample 15140) 

  • 4.63% Cu, 17.40g/t Au and 175 g/t Ag (Sample 151408) 

These resultsare derived from historical and surface sampling and are notnecessarily indicative of future mineral resources.

Further detailsare available in the Company’s news releases dated September 9,2021 and March 23,2022.

About Zimtu

Zimtu Capital Corp. is a publicinvestment issuer that aspires to achieve long-term capitalappreciation for its shareholders. Zimtu Capital companies may operatein the fields of mineral exploration, mining, technology, lifesciences or investment. The Company trades on the TSX Venture Exchangeunder the symbol “ZC” and Frankfurt under symbol “ZCT1”. Formore information, please visit https://www.zimtu.com.

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

Twitter: | |

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 electrificationmovement, Global Energy Metals has taken a ‘consolidate, partner andinvest’ approach and in doing so have assembled and are advancing aportfolio of strategically significant investments in battery metalresources.

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, Metal Bankundertakes 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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