Global Energy Metals Corporation announced non-brokered private placement financing of up to 16,666,667 units at a price of CAD 0.03 per Unit for gross proceeds of up to CAD 500,000.1 on July 16, 2024. The transaction includes participation from returning investor, Gleason & Sons LLC, directors,officers and other insiders. Each Unit will consist of one common share of the Company and one-half of one transferable common share purchase warrant.

Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of CAD 0.05 for a period of 24 months from issuance, subject to accelerated expiry as outlined below. The Company anticipates closing of the Offering as soon as practicable and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The Common Shares will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance.

Finder?s fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 8% of the gross proceeds raised under the Offering and finder warrants in an amount equal to up to 8% of the number of Units sold pursuant to the Offering.