Global Energy Metals Portfolio Company Terra Balcanica Exercises First Option On Athabasca Basin Uranium Portfolio

Core Viewpoint - Global Energy Metals Corporation is enhancing its strategic position in the uranium market through its portfolio company Terra Balcanica Resources Corp, which has exercised its option to acquire a 100% interest in Fulcrum Metals' uranium portfolio, consisting of several prospective license clusters in the Athabasca Basin [1][3]. Group 1: Company Developments - Terra Balcanica Resources Corp has completed the first year of option conditions to acquire a 100% interest in Fulcrum's uranium portfolio, which includes the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton license clusters [1]. - As part of the agreement with Fulcrum, Global Energy was issued 1,198,000 shares in Terra, valued at CAD $150,000, and granted a 0.5% Net Smelter Return (NSR) over the Saskatchewan-based uranium project portfolio [3]. Group 2: Market Context - The uranium market is experiencing significant changes, and Global Energy's involvement through equity interest in Terra Balcanica and a strategic royalty positions the company to enhance shareholder value amid the transition to clean energy [3]. - Global Energy Metals is focused on building a diversified portfolio of exploration and growth-stage battery mineral assets, recognizing the importance of critical minerals in the electrified economy [8][9]. Group 3: Company Profile - Global Energy Metals Corporation is a multi-jurisdictional, multi-commodity critical mineral exploration and development company, targeting projects that support the global transition to clean energy [1]. - Terra Balcanica Resources is engaged in exploring large-scale mineral systems in southeastern Europe and northern Saskatchewan, with a commitment to responsible engagement and sustainable practices [5]. Group 4: Fulcrum Metals Overview - Fulcrum Metals Plc is focused on recovering precious metals from mine tailings in Canada using environmentally friendly leaching technology, with initial projects in Ontario [6][7]. - The company has exclusive licensed use of proven leaching technology on gold mine waste sites, presenting opportunities for significant environmentally friendly gold production [7].